PROJECTS
Habaneras Shopping centre is one of Vukile’s retail investments in the region.
have made swift progress in growing an investment of scale and
substance. It is Europe’s fourth largest economy and has a very
sophisticated property market with lots of liquidity and depth. Overall,
these factors make Spain a very attractive destination.”
The easily accessible open-air Habaneras
Shopping Centre is in Torrevieja, which is in the
south-eastern Alicante province on the Costa
Blanca. Torrevieja is known for its
Mediterranean climate and almost year-round
sunny weather, its beautiful coastline and
resort-backed beaches.
With a primary population of more than
600 000 people comprising locals, a floating
population with second homes in the city and
tourists, its appeal is evident with its growing
number of visitors and increasing sales figures.
Habaneras anchors a greater retail node
spanning about 60 000m². Its tranquil terraces
offer an alluring selection of restaurants and
an excellent vantage point to enjoy
panoramic views.
Habaneras Shopping Centre, which until now
has been passively managed, also includes the
potential for Castellana’s skilled on-the-ground
active asset management to add value to the
asset and enhance the centre.
Prospects include leasing vacant space which
was previously not paid for, adding a lettable
area, repositioning and expanding existing
tenants and enhancing its terraces with more
leisure options and experiences.