Press Release - September 20th 2004

Sonae Imobiliária invests € 66 million

LoureShopping, innovation in shopping and leisure in the Loures area

• 106 shops and 1000 new direct jobs 40.000 m2 of GLA9,9 million visits/year expected
• Safety and environmental quality ensure by sophisticated solutions

Shopping  and  Leisure  Centre  LoureShopping,  owned  and  developed  by  Sonae Imobiliária,  was  presented  to  the  market  and  the  media  today.  The  development represents a €66 million investment and is intended to introduce innovation and quality in  the  shopping  and  leisure  offer  of  the  Loures  region,  and  is  scheduled  to  be inaugurated in the Fall of 2005.

LoureShopping will have a Gross Lettable Area (GLA) of 40.000 m2 and will make a total of 106 shops available, nine of which will be anchor shops, including a Continente Hypermarket, as well as 25 restaurants and a parking lot with 2.100 spaces. More than one year away from being inaugurated, LoureShopping has already guaranteed the presence  of  some  of  the  most  prestigious  brands,  such  as  Zara,  Worten,  Vobis, Sportzone, Castelo Lopes Cinemas, Stradivarius, Pull&Bear, Massimo Dutti, Bershka, Often, Zara Home, Oysho, among others.

Implemented in a 82.940 m2 site, the new shopping and leisure centre is located next to the Quinta do Infantado, in Loures, and is served by a complete network of access roads, such as the A8 (Lisbon-Torres Vedras), CREL and EN 115, which will undergo several improvements supported by Sonae Imobiliária in the area surrounding the development.

LoureShopping will serve a population of more than  640 thousand people in a  30 minute catchment area, and will create about 1000 new direct jobs.

Environmental Quality and Safety ensured

Benefiting from Sonae Imobiliária's vast experience and know-how in the development of shopping and leisure centres, LoureShopping will fulfil all the rigorous standards set by the company for its developments, namely in terms of comfort, safety, integration in the surrounding environment and environmental quality.

The new centre will, for example, feature the most sophisticated solutions in terms of waste separation and treatment or the monitoring of water and air quality, by a fully computerized energy saving and management system (BMS - Building Management System).

Also in what concerns  safety,  LoureShopping  will benefit from the most modern support systems, such as the automatic fire detection system (SADI), the closed circuit television surveillance system (CCTV), the automatic intruder detection system (SAI), and the fire network (RIA), or the access control system.

Please find in annex LoureShopping's Technical Specifications.

PS: For further information, please contact IMAGO (Joana Branquinho da Fonseca, Tel. 21 923 97