Berlin (Germany), 7th of July 2006

New shopping and leisure centre in Berlin will open in September 2007

ALEXA already has more than 60% of its commercial area contracted

While the construction of the carcass of the building is making good progress, the tenant  mix  is  also  taking  shape  now:  with  the  first  national  and  international tenants of the project under contract, ALEXA appeals to an increasing number of local restaurant operators and service providers. "60% percent of the 43,000 m² of gross lettable area (GLA) has already been contracted and we expect to have more 25%  engaged  until  early  next  year,"  said  Thomas  Binder,  CEO  of  Sonae  Sierra's development activities in Germany.

All in all, the new urban anchor near Berlin's Alexanderplatz will have a GLA of 54,000 m², of which 2,000 m² will be food and beverages and 9,000 m² leisure and entertainment. The project will offer a variety of attractive retail options with 180 shop units including  17 restaurants, as well as  1,600 carparking spaces. For this purpose,  Sonae  Sierra  and  Foncière  Euris  are  investing  EUR  290  million  in  the shopping and leisure centre due to open in September 2007, creating approx 1,000 jobs.

Sonae  Sierra  attaches  great  importance  to  meeting  high  quality  standards.  The Company wants to be particularly meticulous when it comes to meeting demands with regard to comfort, security and environmental management for ALEXA, the first of its projects in the German market, in order to be able to guarantee tenants and investors sustainable success.

For  all  fans  of  Berlin,  ALEXA  will  be  a  very  special  attraction,  reflecting  the atmosphere   of  the  golden  twenties.  The  ambience  will  be  supported  by extraordinary  architecture,  unique  designs  and  Art  Deco  elements  that  are consistently used in the individual leisure areas themed Metropolis, Dance, Music and Light as well as in the Food Court.

Sonae Sierra, www.sonaesierra.com, is an international shopping centre specialist, with a passion for bringing innovation  and  excitement  to  the  shopping  and  leisure  centre  industry.    The  company  owns  or  co-owns  39 shopping centres in Portugal, Spain, Italy, Greece and Brazil, with a total Gross Lettable Area  (GLA) of more than  1.6  million  m².    Currently,  Sonae  Sierra  is  developing  another  15  projects  in  Portugal,  Spain,  Italy, Germany, Greece and Brazil, with a total GLA of more than 550,000 m².   In 2005, its shopping centres had more than 400 million visits.

Foncière Euris specialises in the development of shopping and leisure centres in Europe.    The company forms alliances with top-quality developers to invest in major projects that contribute to vitalising cityscapes.   Work in progress includes the Carré de Soie development project on the outskirts of Lyons, the Paris-based Beaugrenelle shopping centre and the Manufaktura programme in Lodz, Poland.   Foncière Euris S.A. is a subsidiary of the Euris Group, which also controls the Casino Group, France's second largest retail chain listed on the stock exchange.