Think Retail Property
Estabona Management provides property development and specialist asset management services to the shopping centre and retail park investment market across Spain.
Estabona Management is an affiliate of the Shared Value Initiative, a global community of practice among leading companies, civil society, and government organizations to drive adoption and implementation of shared value strategies.
Shared value is a management strategy focused on companies creating measurable business value by identifying and addressing social problems that intersect with their business. The shared value framework creates new opportunities for companies, civil society organizations, and governments to leverage the power of market-based competition in addressing social problems.
The concept was defined in the Harvard Business Review article “Creating Shared Value” (January/February 2011), by Professor Michael E. Porter and Mark R. Kramer.
The project carried out: Estabona is a co-investor with the UK investment fund, Benson Elliot. Responsible for management of the asset, it has executed a business plan that has significantly improved the value of the asset, creating a centre of mid-sized stores with leisure and food outlets in the province of Albacete. Currently, the centre has an occupancy rate of over 96%
The project: The centre was purchased in 2020. Estabona is responsible for managing the assets to execute the business plan, significantly improving the value of the asset with a strategy based on daily retail, leisure and food. The initial situation: A two-storey retail and leisure centre with a GLA of 58,000 m² and 3,000 car parking spaces. This is an urban centre
The project carried out: Revenue volatility has been reduced on the basis of long-term leases. A market research study was carried out, analysing the potential market to find the best concept to develop on the site. A retail park has been developed with a GLA of 18,400 m² with tenants such as Leroy Merlin, Espacio Casa, Tiendanimal and Visionlab. The initial situation:
The project carried out: The Pamplona Retail Park is located approximately five minutes by car to the south of the city of Pamplona in the region of Navarra in Spain. It is located among the highest concentration of retail outlets in the region, next to the “La Morea” shopping centre, whose main anchor is the E. Leclerc hypermarket (9,000 m²) and which
The project carried out: A two-storey retail and leisure park in Alcalá de Henares, 34 kms to the north-east of Madrid, with excellent access and next to the NII motorway with 2,500 car parking spaces. It was built in 2007. It has a catchment area of 550,000 inhabitants a 20-minute drive away. The €115 million development comprises 45 retail and leisure outlets,
On July 20th 2021, His Majesty, King Felipe VI, received in audience the Board of Directors of the Círculo de Empresarios on the occasion of
Demonstrating social value, the positive impact that real estate investment and development can have on our communities beyond financial returns is increasingly becoming a priority