Board Change • Apr 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Lucy Lilley was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Announcement • Mar 19Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million.Castellana Properties Socimi, S.A. (BME:YCPS) signed a share purchase agreement to acquire 50% stake in Splau shopping center in Barcelona from Unibail-Rodamco-Westfield SE (ENXTPA:URW) for €89.2 million on March 18, 2026. The purchase consideration payable for the Castellana’s share in the Property is €89.25 million (the “Purchase Consideration”), payable in cash on the Closing Date. The Purchase Consideration has been calculated based on the Agreed Asset Value, less a new mortgage loan of €171.5 million. The Transaction is based on a gross asset price assigned to 100% of the Property of €350 million.Castellana will fund the purchase consideration through its existing cash resources. The expected completion of the transaction is April 21, 2026 to April 30, 2026.
Announcement • Feb 04Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million.Castellana Properties Socimi, S.A. (BME:YCPS) acquired Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) for approximately €110 million on January 30, 2026. The purchase consideration payable for the Acquisition Shares is €108 million payable in cash on the Closing Date. The Purchase Consideration may ultimately be adjusted based on the financial statements of the Acquisition Company as at the Closing Date. However, it is not expected that there will be a material adjustment to the Purchase Consideration. The SPA includes market-standard warranties, indemnities and undertakings for a transaction of this nature. The Acquisition will be funded by a combination of existing cash resources and in-country debt of €50 million, representing a loan-to-value ratio of c.46%. Additionally, Vukile provided financial assistance to Castellana Properties SOCIMI, through a shareholder loan amounting to €44 million. The completion of the Acquisition is not subject to any conditions precedent. Java Capital and NSX Sponsor acted as advisors in the transaction. Ismael Fernández Antón, Javier Hernández Galante and Tannia Rodríguez of Ashurst LLP, Spain acted as legal advisor for Castellana Properties Socimi, S.A. Jesús Varela, José Ramón and Paulino González-Fierro Amondaray of Vizcaíno Pérez-Llorca Abogados, S.L.P. acted as legal advisor for Barings Core Spain Socimi, S.A.U. Castellana Properties Socimi, S.A. (BME:YCPS) completed the acquisition of Rpfi Activos Inmobiliarios Sl. from Barings Core Spain Socimi, S.A.U. (ENXTPA:MLBAR) on January 30, 2026.
