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Sonae Sierra is the international shopping centre specialist that is passionate about bringing innovation and excitement to the shopping industry. Our integrated approach to the shopping centre business includes the ownership, development and management activities. This strategy allowed us to develop a recognized unique know-how which we use for our shopping centres, as well as third-parties projects and operating shopping centres.
The company has earned an international reputation for the development of innovative products as well as for is management skills, and has been awarded more international prizes than any other company in this sector. To see the Awards won by Sonae Sierra click here.
Our strong partnership policy, both with international investors and local partners, allows the company to be financially strong and capable of both quickly gaining an indepth knowledge of a market and creating new business opportunities. To know more about our Partnerships click here.
At the present we operate in Portugal, Spain, Italy, Germany, Greece, Romania and Brazil.
Incorporated in Portugal in 1989, Sonae Sierra is owned by Sonae, SGPS (Portugal) with 50% and Grosvenor (United Kingdom) with 50%.
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Our Shopping Centres
Sonae Sierra owns 52 Shopping Centres in Portugal, Spain, Italy, Germany, Greece, Romania and Brazil with a total GLA of more than 2.0 million m2. Our proactive approach to asset management ensures that we have the necessary capital required to maintain and market our centres, attract new and innovative tenants and to increase the shopping centres asset value.
Our Management
The Company is responsible for managing a wide range of shopping centres, either owned by Sonae Sierra or by third parties, in Portugal, Spain, Italy, Germany, Greece, Romania and Brazil. Our role is to maintain vital links between owners and tenants, through the various innovative management services that we provide, to increase the shopping centres value over time. Sonae Sierra has more than 2.1 millions m2 of GLA under management with over 8.455 tenants. In 2009 our Shopping Centres had more than 436 million visits.
Our New Projects
Sonae Sierra has 3 project under construction and 9 new projects in different phases of development in Portugal, Italy, Germany, Greece, Romania and Brazil. It is through the constant recycling of capital, monitored by a rigorous procurement policy and excellent development management, that we have the scope to create high quality innovative assets.
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