Footfall: Portfolio surpassed 2019 levels in November 2022 by +0.5% (accumulated footfall Apr'22 - Nov'22 vs Apr'19 - Nov'19)
In February 2023 the trend continued to improve on the accumulated data (April 2022 - February 2023 ) by +0.8% compared to the same period in 2019
Bahia Sur (+23.6% FY23 YTD Feb'23 vs FY20 YTD Feb'20), El Faro (+13.6%) and Los Arcos (+10%) reflect perfectly how value add projects have impacted positively
Nº of Assets open and without highly restricted mobilitySales Recovery
Sales Recovery Benchmark
Footfall Recovery
Footfall Recovery Benchmark
Sales: Our tenants have grown their sales by +12.4% in FY23 YTD Apr-Feb vs FY20 Apr-Feb
(1) Footfall data includes the following shopping centres: El Faro, Bahía Sur, Los Arcos, Vallsur, Habaneras, Puerta Europa and Granaita Retail Park. There are no counters in the rest of the retail park assets. Granaita Retail Park counts only cars, so we have estimated 2 people on average per car. Sales data includes all retail assets. Footfall & sales numbers in 2021 and 2020 are compared with same period in 2019
(2) Benchmark: AECC data .
FASHION & | FOOD & | BEAUTY & | CULTURE & | PETS | HOUSEHOLD |
ACCESORIES | BEVERAGE | HEALTH | GIFTS | GOODS |
DIY
GROCERIES
Apr'22-Feb'23
SERVICES
Apr'19-Feb'20
∕
Key categories | such as Fashion & |
Accessories and | Food & Beverage |
consolidate their | performance surpassed |
2019 figures |
∕
Leisure has seen a positive comparative shift (+24.9%), with a more representative sample. Cinemas have grown by 36% during this period
∕
Retail parks continue to trade very well (+17.3% FY23 YTD APR'22-FEB'23 vs FY20 YTD APR'19-FEB'20)
∕
Shopping centres (11.2%) have shown a strong improvement since September 2022
SPORTS
UNDERSTANDING OF OUR LOCAL COMMUNITIES DRIVES STRONG FOOTFALL GROWTH AND INCREASED CUSTOMER ACTIVITY
∕ Castellana's portfolio metrics remain solid with one of the best occupancy and collection rates in the market and a robust improvement in footfall and sales across all assets
∕ Ongoing improvement through repositionings and value-added projects, enhancing income and other operating metrics
∕ We continue to increase the number of visitors to our shopping centers with different animations, activities and shows aimed at our local communities
∕ Examples of this are the parades and activities carried out on Halloween. El Faro's tenth anniversary, Christmas, the roadshow of The Legend of Excalibur or the speleological experience in Vallsur
∕ Thanks to these initiatives, footfall to our centers has increased by an average of 15-20% compared to the previous year on activation days
∕ Additionally, the increase in dwelling time has positively impacted our restaurant operators which have seen an increase in their sales and average tickets during these days
∕ We have also achieved a 10% increase in members of our loyalty programmes compared to 2022
OCCUPANCY RATE 98.6% (1) - THE HIGHEST IN THE MARKET, DRIVEN BY STRONG LEASING ACTIVITY
KEY KPI´s YTD 28th of February 2023
183
LEASES SIGNED (1)
80
RENEWALS
103
NEW CONTRACTS
25,459 sqm
GLA SIGNED (1)
11,024 sqm
RENEWALS
14,435 sqm
NEW CONTRACTS
(1) Period reported from 1st April 2022 to 28th February 2023
€3.8m
RENEWALS
1.79%
RENEWALS (3)
(2) Considering operations with existing passing rent as renewals, relocations and replacements
(3) Excludes CPI increases which are applied on indexation date mainly in the month of January
€6.8m
NEW RENT SIGNED (1)
€3.0m
NEW CONTRACTS
3.13%
AV. RENT INCREASE (2)
6.01%
NEW CONTRACTS
OCCUPANCY
28 FEBRUARY
2023
30 SEPTEMBER
2022
98.6% 98.4%
RENT ARREARS
28 FEBRUARY
2023
30 SEPTEMBER
2022
0.9% 1.5%
RENT COLLECTION
28 FEBRUARY
2023
30 SEPTEMBER
2022
99.1% 99.0%
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Castellana Properties SOCIMI SA published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2023 10:05:24 UTC.