Creating value and meeting great expectations through refurbishments

Key Highlights

• Retail is changing, and shopping centres owners must adapt to visitors and tenants’ expectations
• With limited new development opportunities, the refurbishment of existing assets offers significant value creation potential for investors
• Sonae Sierra’s professional services teams deliver effective turnkey refurbishment solutions raising tenant revenues and Gross Asset Value (GAV)

Solution

• Sonae Sierra has developed a solution to help clients update existing assets incorporating:
  • An integrated approach leveraging the experience of Sonae Sierra’s Architecture & Engineering, Investment and Property Management teams
  • Bespoke leasing strategies to balance tenant needs and visitors’ preferences
  • Exceptional project management to ensure the centre remains open during the works while minimising the impact on tenants and on visitors

Key Numbers