Castellana Properties Socimi S A : Asset Book Marzo 2023

ASSET BOOK

March 2023

The Competitive Edge of Castellana Properties

SPECIALISTS

IN RETAIL

• Specialists in the Spanish retail sector, with 16 retail properties valued at c.€1,012M
• Management team formed by expert professionals, boasting an average of over 20 years experience
• Supported by its anchor shareholder which also brings a tried and tested track record in retail

BUILDING ROBUST

COMMITTED TO

HIGH QUALITY

ACTIVE

AT THE

AND HEALTHY

DELIVERING THE

CUTTING-EDGE OF

PORTFOLIO

MANAGEMENT

GROWTH

HIGHEST STANDARDS

THE NEW TRENDS

• Driving up returns via

• Committed

• Market experts,

• A unique and effective

• Actively spearheading

healthy, sustainable

to generating

carefully handpicking

management style

new trends at its

and robust growth

maximum ROI for its

the properties that

with an in-house team

shopping centres

shareholders

are in line with the

actively managing its

• Among the fastest

company strategy

entire portfolio

• Omnichannel

growing Socimis in

• Boasting strong

retailing

recent years, now one

corporate governance

• Dominant assets in

• Investing in its

of the leading funds in

with a highly

catchment areas of

properties to add long

• F&B and leisure

the market

experienced Board of

c. 150,000 people or

term value

experiences

Directors

more

• Selective capex &

• Highly dynamic and

• Active technology

development policy to

• Integrity and

• Highly diversified

efficient team, able to

management

ensure income growth

transparency as core

portfolio in terms

quickly adapt when

values

of property type,

it comes to decision-

• Creating our

regions, categories

making

own innovation

and tenants, offering

programme, iCAST,

a low level of portfolio

• Strong operational

to adapt shopping

risk

focus, committed to

centres to emerging

integrating assets with

consumer needs

local communities,

anticipating

customers' needs and

supporting tenants

INCOME

FOCUS

• Incentivised to achieve FFO growth
• Stable Net Operating Income (NOI) with upside potential
• Competitive dividend yield as a focal point

1

Castellana Properties Assets

9

14

1 11 12

10

3

2

6

4

8

16

5

13

7

15

SHOPPING CENTRES

1. El Faro
2. Bahía Sur
3. Los Arcos
4. Vallsur
5. Habaneras
6. Puerta Europa

RETAIL PARKS

1. Granaita
2. Parque Oeste
3. Parque Principado

1. Marismas del Polvorín
2. La Heredad
3. La Serena
4. Pinatar Park
5. Mejostilla
6. Motril Retail Park
7. Ciudad del Transporte

2

Total Portfolio

KEY FACTS*

GLA	ACQUISITION PRICE**
350,925 SQM	€921.5M
	AVERAGE BASE
GROSS ASSET VALUE***	MONTHLY RENT

€1,011.8M

OCCUPANCY RATE

98.70%

NET OPERATING COST RATIO

8.03%

16.15 €/M²/MONTH

WALE (EXPIRY)

12.56 YEARS

NATIONAL & INTERNATIONAL

TENANT COMPONENT

94.62%

1. Data from units owned by Castellana Properties at March 2023. (**) Transaction costs not included.
   (***) Excluding LAR ESPAÑA stake acquisition.

PORTFOLIO SPLIT BY GAV*

70% Shopping Centres

30% Retail Parks

PORTFOLIO SPLIT BY GLA*

55% Shopping Centres

45% Retail Parks

3

Retail Tenant Exposure

COMMERCIAL MIX BY GLA*

28.0%	Fashion & Accesories
12.9%	Groceries
10.1%	Household Goods
8.8%	Sports
8.1%	Food & Beverage
6.6%	DIY
6.4%	Electronics

5.7% Leisure

3.7% Pets

2.9% Culture & Gifts

2.4% Health & Beauty

2.3% Services

2.1% Others

(*) Data from units owned by Castellana Properties at March 2023.