Rua Galileu Galilei, 2 – 3º piso
Lisbon 1500 392
SONAE SIERRA is an international retail real estate company dedicated to serving the needs of investors.
We develop and invest in sustainable retail assets and provide investment, development and property management services for clients in geographies as diverse as Europe, South
America, North Africa and Asia, while creating shared value for our business and society.
We are the partner of choice, a company with full service capabilities that covers the entire retail real estate lifecycle, that understands local markets and has the know-how acquired through owned projects to manage complex and diversified projects with outstanding return on investment.
Sonae Sierra operates from corporate offices in 12 countries providing services to clients in diverse geographies such as Portugal, Algeria, Brazil, Colombia, Germany, Greece, Italy, Morocco, Romania, Russia, Slovakia, Spain, Tunisia and Turkey.
Incorporated in Portugal in 1989, Sonae Sierra is owned by Sonae, SGPS (Portugal) with 50% and Grosvenor Group Limited (United Kingdom) with 50%.
Sonae Sierra owns more than 45 retail real estate assets with an Open Market Value of around €7 billion, and manages and/or leases more than 75 retail real estate assets.
Sonae Sierra's net profit slips as sales gains fall
Sonae Sierra, the international retail specialist, recorded a net profit of €15.3 mln in the first three months of 2018, compared to the €15.9 mln reached in the same period of last year, impacted by lower gains on the sale of investments so far in 2018.Read more