Castellana Properties grows sales by 4.1% and reaches a record 92.5 million visits in 2025

Castellana Properties, a listed company specializing in the acquisition and management of shopping centres and retail parks in Spain and Portugal, has reported its operating results for the fiscal year, showing solid operational performance with significant growth in both footfall and sales across its asset portfolio. During the period from April 2025 to February 2026, footfall across the company’s shopping centres increased by 3.3% compared to the same period the previous year, as a direct result of its active asset management strategy. For the full calendar year 2025, the portfolio reached a record 92.5 million visits, representing a 1.9% increase compared to 2024.

Among its assets, El Faro stands out in particular, as following the completion of its refurbishment project, it recorded a 21.3% increase in footfall year-on-year, closing the year with nearly 10 million visits, its highest level to date. Meanwhile, Granaita Retail Park also delivered strong performance, driven by an improved tenant mix, with more than 8 million visits, up 7.4%. Vallsur and Bahía Sur also maintained positive momentum, with increases of 4.0% and 3.1% respectively, reflecting the impact of value creation initiatives implemented in recent years.

In terms of tenant sales, performance has also been positive. Between April 2025 and January 2026, sales increased by 4.1% year-on-year, confirming the strong performance of the portfolio. Looking specifically at the January to December 2025 period, sales growth stood at 3.1%. Growth was recorded across all major retail categories. Fashion led the increase with +5.8%, followed by Food & Beverage (+4.6%), Health & Beauty (+2.5%), Home (+1.8%), and Culture, Media and Technology (+1.8%).

Between April 2025 and January 2026, the company signed a total of 254 lease agreements across its Iberian portfolio, of which 103 were renewals and 151 were new leases. These agreements represent a total gross lettable area (GLA) of 51,312 sqm and a total value of €17.2 million. In Spain, 194 leases were signed (67 renewals and 127 new leases), accounting for 43,143 sqm of GLA and a value of €13.8 million. In Portugal, 60 agreements were signed (36 renewals and 24 new leases), totalling 8,169 sqm of GLA and €3.4 million in value.

In terms of occupancy, Castellana Properties’ portfolio continues to maintain benchmark levels in the market. As of January 2026, group occupancy stands at around 99%, with a rent collection rate of a strong 98.3%, reflecting the strength of its assets and the quality of its tenant base.

Julio García, Chief Operating Officer of Castellana Properties, stated: “The solid results we are achieving in footfall and sales reflect the success of our active management strategy. Growth in both metrics, together with near-full occupancy levels and strong leasing activity, highlight the strength and resilience of our portfolio. We will continue to focus on optimising our tenant mix, enhancing customer experience and delivering sustainable value for our stakeholders across both markets.”

About Castellana Properties

Castellana Properties (YCPS) is a listed real estate investment company (SOCIMI), founded in 2015, specializing in the acquisition and management of shopping centres and retail parks in Spain and Portugal. The company has been listed on BME Growth since 25 July 2018.

The company owns 15 assets across Spain and Portugal, with a gross lettable area of 594,420 sqm, and a total portfolio value exceeding €2.12 billion. Specifically, Castellana Properties has shopping centres in Castilla y León, Extremadura, Madrid, Andalusia, La Rioja and the Valencian Community in Spain, and in Lisbon, Sintra, Funchal (Madeira) and the Northern region (Porto) in Portugal.

Castellana Properties holds a BBB rating with a stable outlook from Fitch Ratings and has once again been recognised with the EPRA BPR and sBPR Gold Awards by the European Public Real Estate Association. It has also achieved a 5-star rating in GRESB, while 100% of its assets are BREEAM-certified and aligned with CRREM standards. In addition, Castellana Properties has been certified as a Great Place to Work®, with an employee trust score of 91%.