Düsseldorf, 8th of October, 2007

Sonae Sierra and Foncière Euris announce theme of new project in Weiterstadt

Ready for takeoff: LOOP5 takes shopping to a new dimension

• 56,000 square metres of gross lettable area (GLA)
• 170 shops on four floors
• A €200 million investment
• Aviation-themed centre
• Open to the public in the spring of 2009

Sonae Sierra and Foncière Euris have announced the official name and theming for their new  shopping  centre  in  Weiterstadt  near  Frankfurt:  LOOP5.  "With  its  exciting  aviation theme, the centre is designed to be a 'seventh heaven' for shoppers," says Álvaro Portela, CEO  of  Sonae  Sierra.  "We  aim  to  be  the  main  shopping  and  leisure  attraction  for  the 700,000 inhabitants of the catchment area."

Sonae  Sierra  and  Foncière  Euris,  international  shopping  centre  specialists,  have  joined forces again to develop LOOP5 as equal partners (50 percent each), investing €200 million in  the  project  and  pursuing  their  strategy  of  redefining  both  shopping  and  leisure  for customers of all ages.

With LOOP5, Sonae Sierra is continuing its strategy of expansion in Germany. LOOP5 is the second project which the company has undertaken in the country, the first being ALEXA on Berlin's world-famous Alexanderplatz, likewise a partnership with Foncière Euris. ALEXA opened its doors to the public on last September  12th and received more than 1 million visits  in  the  first  two  weeks  of  operation.  Sonae  Sierra  has  also  acquired  the  existing Münster Arkaden shopping centre in the city of Münster.

High-flying design

Aviation is the central theme of LOOP5. Visitors are guided through the "contemporary aviation" and "flight pioneers" areas, which are interlinked by a "jet age" mall. The food court  is  spanned  by  a  folded  glass  roof.  "Thanks  to  the  wide  range  and  quality  of  the stores, the splendid food court, the architecture, and the central location close to the A5 motorway ensuring easy access, a visit to LOOP5 will be a unique experience in terms of shopping,  leisure,  recreation  and  fun",  explains  Thomas  Binder,  Head  of  Sonae  Sierra Development Activities in Germany.

With  56,000  square  meters  gross  lettable  area  (GLA),  LOOP5  will  feature  an  attractive blend of 170 large and midsize tenants, representing international, national and regional brands, as well as local retailers from the fashion, entertainment, electronics and other sectors.  Visitors  will  find 1,000  square  meters  of  exquisite  food  halls  and  catering facilities, while over 1,200 square meters are reserved for fun and entertainment.

LOOP5 is located close to the A5 motorway between Frankfurt, Darmstadt and Wiesbaden and has parking space for more than 3,000 vehicles. The car park is linked to the centre on several levels via enclosed walkways.

Conserving the environment

LOOP5, like all Sonae Sierra building sites, is being constructed according to the company's environmental  management  system  with  the  aim  of  achieving  ISO  14001  environmental certification for management of the construction process. ISO  14001 standards confirm a continuously  structured  process  of  improvement,  based  on  planning,  implementation, controlling and optimisation.

As part of its corporate responsibility strategy, the company focuses on ensuring social justice,  environmental  protection,  and  economic  prosperity  in  order  to  ensure  that  its business is truly sustainable in the long-term sense of the term.

The "Green Centre" concept

The "Green Centre" concept answers environmental questions that have been identified in daily management of the construction work, dealing with them in an ecologically efficient manner. The factors taken into account when defining the procedures which regulate the construction work include the utilisation of natural resources (water, energy, fuel and raw materials), noise, the discharge of waste water, and the management of waste products.

For Sonae Sierra, the environmental management of construction work has always been a key component in the development of the  "Green Centre" concept, which has been an integral part of the company's development over the years. According to this concept, the implementation of measures aimed at minimizing the impact of the building is guaranteed right from the concept development stage.

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 46 Shopping Centres 1 retail park in Portugal, Spain, Italy, Germany, Greece, Romania and Brazil, with a total Gross Lettable Area (GLA) of more than  1.7 million square metres. Currently, Sonae Sierra is developing  12 more projects in Portugal, Spain, Italy, Germany, Greece and Brazil, with a total GLA of more than  400.000 square metres. In  2006, its shopping centres welcomed more than 402 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  help  revitalise  urban  areas.  Major developments include the Carré de Soie project on the outskirts of Lyon, the Beaugrenelle shopping centre in Paris 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.

Press contact:

Saskia Riedel, Pleon GmbH Tel.: 0211 9541-2399 Fax: 0211 551651

saskia.riedel@pleon.com