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Castellana Properties Considers Investing Another €500 Million in Shopping Centres

The Socimi also wants to make the leap onto the main stock market "when it makes sense to do so."

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The Socimi Castellana Properties, which owns a portfolio of 18 assets in Spain comprising shopping centres, retail parks and offices, is pushing ahead with its objective of reaching a gross portfolio volume of more than 1,500 million euros.

The value of its portfolio currently amounts to almost one billion euros (993.84 million euros), and so it still has 500 million euros to invest over the next year, although that term may be extended to a year and a half due to the pandemic. In terms of the number of shopping centres it will buy, the firm’s CEO, Alfonso Brunet, confirmed in an interview with Invertia, “that will depend on their size: perhaps between two and six.”

Read the full article in Spanish.

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