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Additional Portfolio Information
Income Distribution
Rental income reached 35,734 thousand Euros in 2015 (versus 8,606 thousand Euros in the same period of the year before). The relative weight of rental income by line of business at 31 December 2015 is as follows:
Rental Income by asset class (%)
Income by Shopping Centre (%)
Income by Logistics Warehouse (%)
Income by Office Building (%)
Top Tenants
Below are the tenants, broken down by business unit, that have generated the highest amounts of rent during 2015:
Top Tenants. Shopping Centres (%)
38MM visitors in Shopping Centres
103 New contracts since acquisitions
2015 Total Sales: +7.5% vs 2014
2015 Total Footfall: +2.2 % vs 2014
Top tenants. Logistics (%)
Robust and prestigious tenants
Improvement implementation plans with approved Capex estimates
Top Tenants. Offices (%)
INECO has extended its contract until 2021
Implementation of improvements and building refurbishments
Lease Expiration
The proactive management carried out by Lar España allows us to have a solvent and diversified tenant base. Renovations have been carried out at the properties occupied by our key tenants, thereby prolonging the lease terms, which allows us to have a significant level of guaranteed minimum rents.
Annual Lease Expiration. Shopping Centres
Annual Lease Expiration. Logistics
Annual Lease Expiration. Offices
Capex
Over the course of 2015, various refurbishment and improvement works were carried out at the properties, which have helped to considerably increase their value. A Capex plan has also been forecast for 2016
The Capex figure for 2015 amounted to 3,534 thousand Euros. The breakdown by business unit is as follows:
2015 Invested Capex by asset class (%)
Shopping Centres: 1,844 thousand Euros
Offices: 1,677 thousand Euros
Logistics: 13 thousand Euros