2024 Gestione di investimenti

Valle Real turns around and beats the sector back to growth

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Valle Real turns around and beats the sector back to growth

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  • In 2008 due to the European economic recession, Valle Real registered an adverse impact in retail sales.
  • In order to achieve higher returns, to keep a solid occupancy rate and rents, and to boost visitors’ traffic it was necessary to find an innovative solution to keep the attractiveness of the shopping centre.
  • Through a proactive approach and to keep creating value for owners, tenants and visitors alike, the Investment Management team elaborated a successful re-anchoring programme.
  • The reconfiguration of the first floor from leisure to retail attracted to Valle Real new anchor stores, such as New Yorker, C&A and Primark, increasing footfall, rents and retail sales.
  • Sonae Sierra’s Investment Management team successfully turned a risk into an opportunity – and enabled Valle Real to buck the trend by emerging stronger from the economic recession.

€3.7 Million

investment

9,112 m2

GLA rotated

31%

contractual rents

100%

occupancy rate

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