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31

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Annual Report 2015

In Marineda, refurbishment works have

started in order to adapt the supply to

the new design concept of foot court

(with terraces and infant area), under the

supervision of the well-known architect

Broadway Malyan,

With respect to others shopping centers,

Centro Oesta in Majadahonda (Madrid) is

enjoying a high demand from tenants, and

2,098 sqm have been signed during 2015,

raising occupancy levels to virtually 100% and

at a higher rents level.

Logistics

Take-up up until 31 December amounts

to 118,509 sqm, out of which 70,134 sqm

correspond to renewals and 48,375 sqm to

new contracts. Exits represent 35,847 sqm,

thus leading to a positive net absorption

of 12,528 sqm. Main activity has been

concentrated in Guadalajara-Cabanillas II and

Coslada complex. CILSA (equity method)

also enjoyed a very strong year in terms of

leasing activity, with renewals amounting

to 97,329 sqm, new contracts 29,980 sqm

and exits representing 17,683 sqm, and as a

result achieving a remarkable positive net

absorption of 12,297 sqm.

Main contracts signed are:

Asset

Tenant

GLA (sqm)

Guadalajara-Cabanillas II

n.d.

38.054

Coslada Complex

ICS

2.709

Valencia-Almusafess

Truck&Wheel

7.612

Rented residential

In 2015, a total of 298 contracts have been

signed, out of which 64 correspond to

renewals and 234 to new contracts. Contracts

not renewed amount to 255.