Altarea allocates all of its capital to the development and ownership of its shopping centre portfolio. A well designed and well managed shopping centre offers stronger and less volatile long-term potential for value creation than any other type of property.
At 30 June 2009, Altarea’s shopping centre portfolio in France, Italy and Spain represented GLA of 644,383 sqm2 and a value of €2.4 billion.
Shopping centre portfolio: (May-June 2009)
- 644,383 sqm² GLA
- Value: €2.4 billion
- Gross rental income: €132 million
Proprietary development:
- 524,100 sqm² shopping centre GLA
- Net investment: €1.5 billion
- Provisional gross rental income: €131.7 million
