Credit: Castellana Properties

Castellana Properties expands the commercial offer of Los Arcos and Bahía Sur with Espaço Casa in Spain

Los Arcos’ shop will occupy a gross leasable area of 1,250 sqm and Bahía Sur will have an area of 1,120 sqm. The opening is scheduled for March and April.

Castellana Properties has signed with the Portuguese retail company Espaço Casa the opening of two new shops, one in Los Arcos shopping centre (Seville) and the other one in Bahía Sur (Cádiz), which are scheduled to open in March and April. Los Arcos and Bahía Sur are strategic commercial locations in their respective areas and receive 13 million visits each year.

The Portuguese company, leader in retail sales and specialized in the commercialization of household goods, will occupy a total surface area of 2,370 sqm in both shopping centres. Specifically, Los Arcos’ shop will have 1,250 sqm and Bahía Sur will have an area of 1,120 sqm. These openings join the 29 new brands that have been opened or refurbished in these shopping centres over the last year.

These agreements reinforce the importance of Los Arcos and Bahía Sur for Castellana Properties, as well as the firm’s commitment to an active portfolio management.

The 39,569 sqm redevelopment plan for Los Arcos and Bahía Sur

These projects are part of the firm’s strategy to renovate and enlarge its assets, which has been underway since the end of 2019 after the acquisition of El Corte Inglés’ facilities in Los Arcos and Bahía Sur. Castellana Properties has invested more than €24 M for the refurbishment and remodeling of these centres. In this regard, it is worth highlighting the agreement with MediaMarkt for the opening in Los Arcos this February of its largest shop in Seville and the opening of the Yelmo premium cinemas in the Bahía Sur shopping centre last December.

Julio García, Chief Operating Officer of Castellana Properties, stated:

“We are delighted to announce the opening of these shops, which will improve the retail mix of Bahía Sur and Los Arcos, and it will also demonstrate the commitment to the physical shop in our country. The good footfall figures and sales that are being recorded in retail premises open to the public ratify the willingness of Spaniards to recover normal economic activity and once again reaffirms the potential of the retail sector and the physical shop”.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

McArthurGlen Designer Outlet Málaga in Spain celebrates its first anniversary

Since its opening, the Centre has received more than 3 million visitors. In 2020, new premium and luxury brands such as Prada, Burberry, Armani, ECOALF and Furla, among others, opened its doors in the centre.

Customer centricity through a new digital offer at the heart of City2 in Brussels

In a constant endeavour to modernise its retail portfolio, AG Real Estate is launching a brand-new quality service at City2, the largest shopping centre in the heart of Brussels. The capital’s urban shopping centre will offer MyBop interactive shopping and payment terminals to its customers.

Why Proximity Marketing is the Future of Customer Engagment for Retail

According to Coniq’s paper, geo-loyalty, the integration of proximity marketing, and customer loyalty programs are the future for retail destinations because they effectively engage consumers in-store AND online.

Ingka Centres enters the Indian market with its first IKEA anchored destination in Noida, India

Ingka Centres, part of the Ingka Group, (which also includes IKEA Retail and Ingka Investments), has taken its first step to expand into India with a major land acquisition in India.

DEICHMANN to open a new store in Colosseum Mall in Bucharest

Colosseum Mall signed with the German retailer DEICHMANN to open a 500 s qm store, as part of the current expansion plan of the commercial center. With a network of over 100 stores across Romania, DEICHMANN comes one step closer to the community of North-West Bucharest, in an area of ​​continous rising retail and residential segments.

People in move

Recruitments, promotions and appointments...