Sonae Sierra signs 48 new lease agreements in Italy

By

Ilaria Ricco

Published
Dec 1, 2015

Between January and November 2015, international shopping mall specialist Sonae Sierra signed 48 new agreements for its Italy-based shopping malls, acquiring 29 new clients and renewing the collaboration with another 19.

The agreements cover the lease of an overall gross leasable area (GLA) of 8,750 m². Several major Italian and international brands, including 100 Montaditos, Desigual, Calliope, Jeckerson, Scorpion Bay, Eurekakids, Pandora and Yamamay, are among the many that in the course of the last 11 months have chosen Sonae Sierra to open their new stores, or have confirmed their presence inside its malls.

Sonae Sierra's objective for its assets is to create an ideal tenant mix, the result of marketing research aimed at understanding the expectations and needs of the areas where the shopping malls are located. This strategy generates a well-balanced commercial offering, capable of combining the presence of internationally-renowned brands with reputable local ones.

Sonae Sierra is an international shopping mall specialist, with a presence in 12 countries and on 4 continents: Portugal, Algeria, Brazil, China, Colombia, Germany, Greece, Italy, Morocco, Romania, Spain and Turkey. The company also operates in other geographical areas, offering high-calibre professional services. Sonae Sierra owns 46 shopping malls for a market value of €6 billion. It is in charge of the management and/or letting of 85 shopping malls, for an overall GLA of 2.4 million m², and a total of approximately 9,100 tenants. In 2014, its shopping malls recorded over 440 million visits. Sonae Sierra is currently developing 7 new projects, 3 of them for third parties, and has another 4 in the pipeline.