São Paulo, Brazil, November 30th 2006
An investment of R$ 70 million
Sonae Sierra inaugurates final stage of Shopping Campo Limpo
Sonae Sierra inaugurates today the third and final stage of Shopping Campo Limpo, in São Paulo, hence continuing its expansion policy in Brazil, where the company already owns eight shopping and leisure centres.
Developed by Sonae Sierra Brasil (20%) and Tivoli EP (80%), Shopping Campo Limpo represents an investment of R$ 70 million, and is located in one of the fastest growing areas of São Paulo.
The final inauguration stage of his shopping and leisure centre includes the opening of shops such as Marisa &Família, Bob´s, Di Gaspi (footwear), Wind Beach (surfwear), Só Couros (fashion accessories), Lohan Coiffeur, Sorveteria Nestlé, Park Games (leisure), among others. By the end of the year, a new anchor shop, Marabráz, will open its doors to the public.
Divided in three levels, Shopping Campo Limpo serves a population of about 960 thousand inhabitants, and has a Gross Lettable Area (GLA) of 20 thousand square meters. Five cinemas with 2200 square meters, 135 shops (including four anchor shops) and a free parking lot with 1120 spaces characterize Sonae Sierra's ninth shopping and leisure centre in Brazil.
Environment and Community
Shopping Campo Limpo is an example of respect and commitment towards the environment and the surrounding community, since it's the first shopping and leisure centre in Brazil to be issued the ISO 14001 certification, also known as Green ISO.
Issued by the Bureau Veritas (BVQI), an official recognition company licensed and acknowledged by INMETRO and other international organizations, this certification is the result of the implementation of the best environmental management practices, defined in the scope of Sonae Sierra's Environmental Management System, with the purpose of minimizing environmental impacts and promoting the continuous improvement of the company's performance in this area.
The consumption of natural resources - water, energy, fuel and raw materials -, noise, residual water discharging and the management of produced waste are some of the topics approached in the procedures that guide and regulate the construction work.
Sonae Sierra, www.sonaesierra.com, is an international shopping centre specialist. The Company owns or co-owns 41 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 14 more projects in Portugal, Spain, Italy, Germany, Greece and Brazil, with a total GLA of more than 500.000 m2. In the Brazilian market, Sonae Sierra Brasil, owns or co-owns and manages nine shopping centres under operatio: Penha, Plaza Sul, Campo Limpo and Boavista (São Paulo-SP); Pátio Brasil (Brasília-DF); Franca Shopping (Franca-SP); Tivoli Shopping (Santa Bárbara D'Oeste-SP); Shopping Metrópole (São Bernardo do Campo-SP) and Parque D. Pedro Shopping (Campinas- SP).
Tivoli Empreendimentos e Participações Ltda is a company with 30 years of experience in the areas of self-service, construction, renting and management of real estate. The Tivoli brand is associated to developments such as Tivoli Shopping (Santa Bárbara D'Oeste-SP) and Tivoli Center, as well as office buildings in the Morumbi neighbourhood, in São Paulo.