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Sonae Sierra

Porto, Lugar do Espido - Via Norte
4471-909 Maia, Portugal global@sonaesierra.com www.sonaesierra.com
Phone: +351 22 940 1700
Fax +351 22 010 4464

Sonae Sierra is an international retail real estate company dedicated to serving the needs of investors.

Romania, Croatia

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.

Incorporated in Portugal in 1989, Sonae Sierra is owned by Sonae, SGPS (Portugal) with 50% and Grosvenor (United Kingdom) with 50%.

We add value to our investors and other stakeholders by putting our unique know-how at their disposal through the development of outstanding projects and the delivery of professional services covering the complete retail real estate lifecycle, leveraged by the successful track record with our own projects.

Our vision is to develop and service vibrant retail-centred properties.

We aim to be a partner of choice by developing long term and reliable partnerships with all our stakeholders, driven by a clear emphasis on trust, integrity, efficiency and flexibility. We share our proven track record to best serve our clients interests and provide the right advice for investors, while delivering outstanding shared value leveraged by a sustainability driven strategy.

Shopping Centres and New Projects:

Owner of 48 shopping centres with a total GLA of 1.9 million m2 and an Open Market Value of 7bn.

Responsible for the management and/or leasing of 77 shopping centres.

14 projects under development, including 6 for third parties, and45 new projects in pipeline.


Point Shopping Center
November 19, 2021 - Point Shopping Center in Zagreb has a total area of 40,000 sq. m stretching over four underground and two... read more
ParkLake Plaza
November 19, 2021 - Opened on September 1st 2016, ParkLake brought to Bucharest residents a new and unique shopping experience.... read more
Croatian Shopping Center Borrows EUR 10 mln
April 17, 2018, 12:27, (Property Xpress) - The owner of a Croatian shopping center has signed a EUR 10 mln loan agreement with the European Bank for ...   read more
ParkLake Mall Bucharest Reaches 97 Pct Occupancy
March 08, 2017, 18:50, (Property Xpress) - ParkLake shopping center in Bucharest has reached a 97 pct occupancy rate, with about 200 stores currently ...   read more
ParkLake Mall Owner Undergoes Capital Increase
February 02, 2017, 16:06, (Property Xpress) - ParkLake Shopping SA, owner and operator of the ParkLake shopping mall in the east of Bucharest, received in ...   read more
Sonae Sierra Plans New Projects in Romania
September 01, 2016, 12:04, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra, which has just opened its ParkLake shopping mall in ...   read more
ParkLake Mall Opening Postponed to Autumn 2016
February 26, 2016, 10:57, (Property Xpress) - The opening of ParkLake shopping mall, being developed in partnership between Sonae Sierra and Caelum ...   read more
ParkLake Mall Opening Moved to Autumn 2016
December 08, 2015, 12:17, (Property Xpress) - The opening of ParkLake shopping mall in the Bucharest Titan area has been moved to autumn 2016. ParkLake ...   read more
Sonae Sierra Takes over Management of Romanian Car Park Facility
November 10, 2015, 12:45, (Property Xpress) - Portuguese company Sonae Sierra, developing Parklake Plaza shopping mall in Bucharest alongside Caelum ...   read more
Update: ParkLake Mall Reaches 85 pct Occupancy
October 02, 2015, 10:21, (Property Xpress) - Sonae Sierra and Caelum Development, developing ParkLake shopping mall in the Romanian capital, have signed ...   read more
Anchor Tenants Open Stores at Moscow Shopping Mall
July 08, 2015, 12:32, (Property Xpress) - Anchor tenants have opened stores at a shopping and entertainment center in Moscow. In particular, anchor ...   read more
Fashion Retailers Inditex and H&M to Open Stores at ParkLake Mall
January 19, 2015, 16:30, (Property Xpress) - Retailers Inditex, H&M, Koton and Maxitoys will open stores at ParkLake shopping center, being developed by ...   read more
Strabag to Build ParkLake Shopping Center
December 16, 2014, 7:58, (Property Xpress) - ParkLake shopping center developers Sonae Sierra and Caelum Development have selected Austrian company Strabag ...   read more
Strabag Named Likely Builder for ParkLake Plaza Mall
November 28, 2014, 10:31, (Property Xpress) - Austrian Strabag Group, which has built Promenada Mall in Bucharest, is the main favorite to win the ...   read more
International Clothing Retailer Debuts in Bulgaria
November 19, 2014, 9:56, (Property Xpress) - An international retail group has opened its first clothing store in Bulgaria, thus expanding its presence to ...   read more
Carrefour Joins ParkLake Plaza Shopping Project in Bucharest
September 18, 2014, 11:22, (Property Xpress) - French retailer Carrefour has purchased 12,000 sq. m of space at ParkLake Plaza shopping center, thus becoming ...   read more
Sonae Sierra to Open ParkLake Plaza Mall in 2016
August 29, 2014, 9:54, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra and Irish Caelum Development, developing the EUR 180 mln ...   read more
River Mall Ramnicu Valcea Revenue Flat despite Decrease in Visitors
April 22, 2014, 10:10, (Property Xpress) - River Mall Ramnicu Valcea, the only shopping center owned by Sonae Sierra in Romania, had a sharp decrease in ...   read more
ParkLake Plaza to Open in 2016
March 26, 2014, 9:02, (Property Xpress) - ParkLake Plaza shopping mall, being developed by Sonae Sierra and Caelum Development near IOR Park in eastern ...   read more
Seven Retail Projects under Development in Bucharest
March 05, 2014, 8:43, (Property Xpress) - Seven retail projects, currently under development in the Romanian capital, will add 200,000 sq. m of space to ...   read more
Sonae Sierra Starts Work on EUR 180 mln Mall in Romania
January 20, 2014, 10:28, (Property Xpress) - Portuguese shopping center developer Sonae Sierra and Irish Caelum Development have begun excavations for ...   read more
ParkLake Construction Starts in December
November 05, 2013, 11:36, (Property Xpress) - Sonae Sierra and Caelum Development today announced the start of their EUR 180 mln shopping project in the ...   read more
Viva! Shopping Center to Undergo Expansion
October 22, 2013, 13:34, (Property Xpress) - Viva! shopping and entertainment center in Northern Butovo will undergo an architectural and commercial ...   read more
Bluehouse Capital Opens EUR 50 mln Mall in Zagreb
August 29, 2013, 11:18, (Property Xpress) - Real estate investment firm Bluehouse Capital opened today its Point shopping center in Zagreb’s Vrbani ...   read more
Ukrainian Developer to Start Shopping Mall Project in 2014
August 21, 2013, 10:21, (Property Xpress) - A Ukrainian real estate development group plans to start construction of a large shopping and entertainment ...   read more
Zagreb Point Shopping Center to Open in 2013
July 11, 2013, 12:24, (Property Xpress) - The first neighborhood shopping center in Zagreb, ‘Point’, will open in late summer in the Vrbani area of ...   read more
Sonae Sierra to Start Construction of Romanian Mall Project
May 02, 2013, 7:58, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra received EUR 1.5 mln last year from renting its River Mall ...   read more
Accent Real Estate Teams up with Sonae Sierra to Build Russia Malls
January 23, 2013, 9:26, (Property Xpress) - Through Accent Real Estate Investment Managers, Alexander Samonov, former co-owner of Kopeyka grocery retail ...   read more
ParkLake Plaza Concept Changed
October 16, 2012, 10:48, (Property Xpress) - Portuguese Sonae Sierra and Irish Caelum Development have changed the concept of their ParkLake Plaza Mall for ...   read more
Sonae Sierra to Create New Concept for Romanian Project
May 29, 2012, 12:56, (Property Xpress) - Real estate developer Sonae Sierra is in the process of rethinking its shopping center project in Craiova, ...   read more
Chinese Group to Build Belgrade Stadium
April 23, 2012, 12:59, (Property Xpress) - Chinese company NEC and Serbian football club Crvena zvezda will sign a preliminary agreement on Thursday to ...   read more
Delhaize to Spend EUR 120 mln on Romanian Expansion in 2012
March 28, 2012, 10:22, (Property Xpress) - Belgian Louis Delhaize group, operating Cora hypermarket chain in Romania, plans to invest EUR 120 mln in the ...   read more
Bluehouse Invests EUR 50 mln in Croatian Shopping Center
February 23, 2012, 9:11, (Property Xpress) - Private equity fund Bluehouse Capital is investing EUR 50 mln in building a shopping center on a 5,000 sq. m ...   read more
Foreign Real Estate Investors Cut Contributions to Romanian Subsidiaries
December 28, 2011, 9:06, (Property Xpress) - Foreign real estate investors brought EUR 120 mln in capital to their Romanian subsidiaries in the first nine ...   read more
Private Equity Firm Appoints Developer for Croatian Project
November 16, 2011, 12:35, (Property Xpress) - A private equity real estate investment firm has appointed a development manager for its Croatian neighborhood ...   read more
Romanian Shopping Mall Signs Lease Deal with Anchor
October 18, 2011, 9:49, (Property Xpress) - A shopping and entertainment center project in Romania has signed a 10-year lease agreement with an anchor ...   read more
Shopping Mall Construction Suspended in Romania
October 04, 2011, 7:57, (Property Xpress) - A real estate development company has suspended construction of a shopping and entertainment center in ...   read more
ACMS to Build Adora Mall in Craiova, Romania
July 19, 2011, 7:54, (Property Xpress) - Bucharest-based ACMS, controlled by the Tanasoiu family, has won a contract to build Adora Mall in Craiova, a ...   read more
Sonae Sierra Sees 26 Pct Rental Revenue Decline in Romania
June 27, 2011, 14:30, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra, owner of the River Plaza shopping center in the Romanian ...   read more
International Shopping Mall Specialist Eyes Ukrainian Market
June 23, 2011, 8:51, (Property Xpress) - An international shopping and leisure center specialist wants to enter the Ukrainian market which has ...   read more
Craiova to See Two Shopping Mall Openings
June 09, 2011, 8:00, (Property Xpress) - The Romanian city of Craiova could have two new shopping malls opened next year, with a total area of 100,000 ...   read more
Developer to Resume Shopping Mall Construction in Romania
May 27, 2011, 14:36, (Property Xpress) - Construction work on a shopping and entertainment center will begin next month in Romania. The facility, under ...   read more
NEPI Teams up with Carrefour to Build Mall in Romania
February 10, 2011, 11:36, (Property Xpress) - Investment fund New Europe Property Investments (NEPI), the most active buyer of real estate in Romania in ...   read more
Altex Signs 1,400 Sq. m Lease Deal in Romania
January 31, 2011, 16:21, (Property Xpress) - Romanian electronics and home appliances retailer Altex has signed a lease agreement to occupy 1,400 sq. m of ...   read more
Sonae Sierra to Obtain Finance for Craiova Mall
June 25, 2010, 9:07, (Property Xpress) - Sonae Sierra representatives believe they will get funding this year for a shopping center in Craiova, ...   read more
Update: Sonae Sierra Mulls EUR 100 mln Investment in Serbia
May 17, 2010, 12:59, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra is preparing a mixed-use investment in Belgrade. The ...   read more
Sonae Sierra Mulls EUR 100 mln Investment in Serbia
May 11, 2010, 9:18, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra is interested in investing in the Serbian football club ...   read more
Union Investment to Pursue CEE Opportunities
February 25, 2010, 10:06, (Property Xpress) - Germany’s Union Investment will invest between EUR 1.5 and 2.0 bln in European real estate this year, said ...   read more
Sonae Sierra Signs with Anchor Tenant in Romania
February 18, 2010, 12:01, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra has signed a lease agreement with Belgian hypermarket chain ...   read more
Construction on Four Large Schemes Halted in Bucharest, Romania
February 08, 2010, 13:53, (Property Xpress) - Construction on Colosseum Center, Dambovita Center and ParkLake Plaza shopping malls in Bucharest, Romania ...   read more
Cinema City Leases 3,000 sq. m at Shopping Mall in Craiova, Romania
January 26, 2010, 14:47, (Property Xpress) - Cinema City, the biggest multiplex operator in Central and Eastern Europe, has signed a lease deal to open a ...   read more
Sonae Sierra Takes EUR 4.5 mln from BRD for River Plaza Mall
August 19, 2009, 7:59, (Property Xpress) - Portuguese property development group Sonae Sierra, owner of River Plaza shopping center in Ramnicu Valcea, ...   read more
EUR 15 mln Hotel Planned for Mamaia, Romania
June 11, 2009, 8:11, (Property Xpress) - A Romanian entrepreneur will develop a four-star hotel in the Romanian Mamaia resort estimated at EUR 15 mln. ...   read more
Sonae Sierra Suffers Losses in Romania
April 28, 2009, 14:19, (Property Xpress) - Portugal-based mall developer Sonae Sierra lost over EUR 50 mln last year because of re-evaluation of plots ...   read more
EUR 900 mln Mall Openings in Romania Put on Hold
February 23, 2009, 10:07, (Property Xpress) - A foreign developer said it has reconsidered its program to open three shopping centers in Ploiesti, Craiova ...   read more
Sonae Sierra in Talks on Property Acquisitions in Romania
December 17, 2008, 9:37, (Property Xpress) - Portuguese developer and shopping mall operator Sonae Sierra, owner of River Plaza Mall in Ramnicu Valcea, ...   read more
New ZUP Forbidden for ParkLake Plaza in Bucharest
September 16, 2008, 7:16, (Property Xpress) - Real estate project ‘ParkLake Plaza’, to include the largest mall in Bucharest, was refused a request to ...   read more
Barcanesti Project Debuts This Autumn
September 02, 2008, 11:01, (Property Xpress) - Portuguese developer Plusvag Investimentos together with Council Judeatean Prahova will carry out a housing ...   read more
Sonae Sierra Announces EUR 1.5 mln H1 Revenues in Romania
August 15, 2008, 12:07, (Property Xpress) - Real estate developer Sonae Sierra registered EUR 1.5 mln revenues in the first half of this year from leasing ...   read more
EUR 600 mln. Retail Center Planned for Bucharest
July 01, 2008, 9:29, (Property Xpress) - Caelum Development and Sonae Sierra intend to develop a large scale retail center in the eastern part of ...   read more
Landesbank Hessen-Thueringen Helaba Enters Romania
June 09, 2008, 15:15, (Property Xpress) - Frankfurt-based investment bank Landesbank Hessen-Thueringen (Helaba) will this year enter the Romanian market ...   read more
JV Founded for ParkLake Plaza in Bucharest
April 02, 2008, 13:35, (Property Xpress) - Sonae Sierra, the international shopping and leisure center specialist, owns 47 malls in Portugal, Spain, ...   read more
Sonae Sierra to Fund Malls in SEE
March 17, 2008, 11:45, (Property Xpress) - Sonae SGPS unit Sonae Sierra SGPS intends to allocate EUR 1.2 bln for 27 mall projects in the seven countries ...   read more
Residential and Mall Project near Ploiesti
March 03, 2008, 8:58, (Property Xpress) - A Portuguese company will allocate over EUR 250 mln for a residential project with more than 3,000 apartments ...   read more
First Mall Opens in Bacau, Romania
December 12, 2007, 9:05, (Property Xpress) - Arena Mall, the first EUR 20 mln shopping center in the Romanian city of Bacau, opened on Tuesday this week ...   read more
EUR 293 mln for Two New Malls in Romania
November 09, 2007, 10:05, (Property Xpress) - Аn international shopping center specialist, with a reputation innovation and excitement in the shopping and ...   read more
70 pct of Romanian Craiova Mall Contracted off Plan
October 31, 2007, 16:20, (Property Xpress) - Craiova Mall, scheduled for completion in 2009 and owned by the Portuguese company Sonae Sierra, has been ...   read more
Sonae Sierra Funds Two Mall Projects in Romania
October 15, 2007, 15:56, (Property Xpress) - The Portuguese company Sonae Sierra will allocate over EUR 290 mln for construction of two shopping centers in ...   read more
Greek Developer Buys 10,000 sq. m for Romanian Residential Project
July 13, 2007, 9:37, (Property Xpress) - A Greek company, listed on the Athens Stock Exchange, specializing in real estate investment, development and ...   read more
Sonae SGPS Division Acquires Mall in Romania
May 02, 2007, 18:11, (Property Xpress) - Sonae SGPS' commercial real estate division Sonae Sierra announced it has finished successful negotiations ...   read more
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