A newly released annual report shows that Castellana Properties, which specialises in the acquisition and management of shopping centres in the Iberian Peninsula, has achieved record-high visitor numbers and strengthened its sales and asset quality.

In just over a year and a half, the company has consolidated its portfolio in record time, with substantial improvements in key operation indicators, according to Essential Business.

Reaching new heights

Castellana Properties owns five shopping centres in Portugal: 8ª Avenida, Alegro Sintra, LoureShopping, RioSul, and Forum Madeira, with Forum Madeira showing noticeable sales growth at close to 8 percent in the last fiscal year.

The centres managed by Castellana Properties closed 2025 with a record high in visitors. In the 2026 fiscal year, spanning from April 2025 to March 2026, operational performance showed visitor numbers growing by 2.7 percent and sales increasing by 4.1 percent compared to the same period the previous year.

Strong commercial growth

In commercial categories, the largest growth was seen in the Fashion segment at 41.1 percent, followed by Health and Beauty at 18.6 percent, and Restaurants at 11.4 percent.

Castellana Properties achieved a net profit of €167.8 million, an 85 percent increase compared to the previous year. This result was driven by growth in Gross Rental Income (GRI) and a Net Operating Income (NOI) of €116.3 million.

In terms of profitability, the earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at 100.9 million euros, marking an increase of over 63 percent.