Press Kit - Sonae Sierra

Release date: January 28, 2015
CONTENTS
WHO WE ARE
SUSTAINABILITY AT SONAE SIERRA
SIERRA FUNDS
INDICATORS
OUR SHOPPING CENTRES
Portugal – Ownership & Management
Portugal – Under Development
Spain – Ownership & Management
Italy – Ownership & Management
Germany – Ownership & Management
Germany – Under Development
Greece – Ownership & Management
Romania – Ownership & Management
Romania – Under Development
Brazil – Ownership & Management
Brazil – Under Development
Morocco – Under Development
WHO WE ARE
SONAE SIERRA IS THE INTERNATIONAL SHOPPING CENTRE SPECIALIST, PASSIONATE ABOUT
CREATING UNIQUE SHOPPING EXPERIENCES.
Our integrated approach to the shopping centre business includes the investment, development
and management activities.
This strategy allowed us to develop a recognized unique know-how which we use for our shopping
centres, as well as third-parties projects and operating shopping centres.
Currently the Company operates in Portugal, Algeria, Azerbaijan, Brazil, China, Colombia, Germany,
Greece, Italy, Morocco, Romania, Russia, Spain and Turkey.
Incorporated in Portugal in 1989, Sonae Sierra is
owned by Sonae, SGPS (Portugal) with 50% and
Grosvenor (United Kingdom) with 50%.
The company has been awarded more
international prizes than any other company in
this sector.
Our strong partnership policy allows the
company to quickly gain an in-depth knowledge
of a market and create new business
opportunities.
SHOPPING CENTRES AND NEW PROJECTS
Owner of 46 Shopping Centres with a total GLA of 1.9 million m2 and an Open Market Value of 5.9 billion
euros.
Responsible for the management and/or leasing of 82 shopping centres.
7 projects under development, including 3 for third parties, and 4 new projects in pipeline.
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SUSTAINABILITY AT SONAE SIERRA
FOR SONAE SIERRA, THE SUSTAINABLE GROWTH OF THE COMPANY IMPLIES A CONSTANT
EVALUATION OF THE INTERACTION AND BALANCE BETWEEN ECONOMIC, SOCIAL AND
ENVIRONMENTAL GOALS.
Sonae Sierra recognises that its business has an impact on society and the environment. We are
responsible for the safety of millions of people on our sites, and consider that their integrity must
be safeguarded at all costs. Furthermore, it is our responsibility to proactively preserve the
environment for today’s and future generations.
We are committed to conduct our activities so that risks towards people, assets and ecosystems are
minimised, and the benefits enhanced. We strive for continuous improvement in Safety, Health and
Environment (SHE) performance across all our sites.
We consider that in today’s world, addressing environmental and social challenges is an
opportunity to improve competitiveness and will lead to greater profitability in the long-term.
We are the first company in the sector worldwide to obtain a corporate Environment Management
System certification according to ISO 14001 and also the first one in the sector to obtain the
corporate-wide Safety and Health Management System certification according to OHSAS 18001.
We use the CSV (Creating Shared Value) concept to align our business and sustainability goals, and
target opportunities for us to create shared value for our business, the environment and society in
the medium - to long-term.
As we sought to apply the concept of shared value, we identified a number of longer-term priorities
that deliver tangible value for our business, society and the environment. Addressing such issues is
intended to address the principle sustainability risks facing our operations and safeguard our
continued capacity to do business.
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PRIORITIES
We have identified the following priorities that will help us address global problems while ensuring
we sustain our revenues: Resource Resilience, Prosperous Retailers, Leveraging Knowledge, and
Sustainable Lifestyles.
RESOURCE RESILIENCE
Trying to be energy independent, using innovation and technology to rethink our processes and
reusing water on our sites.
PROSPEROUS RETAILERS
Partnering with our tenants to make their businesses more resilient.
LEVERAGING KNOWLEDGE
Empowering people through skills and knowledge.
SUSTAINABLE LIFESTYLES
Using our reach and public influence to encourage our visitors to make the right choice.
We will continue to comply with demanding standards of safety, health and environmental
management across all our operations, in many markets exceeding the requirements of local
legislation. We have also maintained Risk Management crosscutting all priorities which will identify
and manage downside risks.
But moving beyond this approach, we will focus on the mentioned long-term which will deliver
tangible value for our business, society and the environment.
Addressing such issues is intended to safeguard our continued capacity to do business in a rapidly
changing world - Turning global Challenges into Business Value!
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SIERRA FUNDS
IN ADDITION TO THE DIRECT OWNERSHIP OF SOME OF OUR SHOPPING CENTRES, WE CO-OWN
MANY OTHERS THROUGH INNOVATIVE INVESTMENT FUNDS LAUNCHED IN PARTNERSHIP WITH
INTERNATIONAL INVESTORS.
The principle objective of these funds is to offer our investors dividends and capital appreciation
through investments in high quality shopping centres.
The management of each fund follows a common commitment: Sonae Sierra owns part of the
funds and manages the shopping centres for the duration of the investment, generating the
possibility of maintaining the partnerships with the tenants and co-owners of each shopping centre
whilst freeing capital to invest in new locations or take advantage of new business opportunities,
thus increasing the value of the portfolio.
Some of our fund partners
Netherlands
ABP
USA
TIAA-CREF
Brazil
Credit Suisse HG
United Kingdom
Schroders Investment Management
France
CNP Assurance
CDC
Finland
KEVA
Ilmaren
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INDICATORS
2013 IN A GLANCE
Consolidated Net Profit of € 3.60 million
NAV of € 1,000 million
EBITDA stable at € 113.5 million
GLA under management of about 2.3 million m2
About 8.288 tenant contracts
406 million visists in its shopping centres
PERFORMANCE INDICATORS
2008
2009
2010
2011
2012
2013
Real Estate NAV as at 31 Dec. (€ million)
1,416
1,228
1,251
1,173
1,050
1,000
1,963
2,059
2,017
1,924
1,929
1,896
GLA under management (000’s m )
2,163
2,284
2,220
2,233
2,261
2,303
Number of tenant contracts under
management
8,455
8,924
8,521
8,495
8,428
8,288
Consolidated EBITDA (€ million)
105.9
108.8
123.4
112.8
116.3
113.5
Consolidated Net Profit (€ million)
-116.1
-111
8.7
9.7
-45.9
3.6
2
GLA owned in operating centres (000’s m )
2
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PORTUGAL
OWNERSHIP & MANAGEMENT
8ª Avenida (S. João da Madeira)
2
GLA (m ): 27,978
STORES: 127
PARKING PLACES: 1,701
INAUGURATION: September 2007
PARKING PLACES: 560
INAUGURATION: August 1989
PARKING PLACES: 2,527
INAUGURATION: April 2001
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Sierra
AlbufeiraShopping (Albufeira)
2
GLA (m ): 11,577
STORES: 44
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Distribuição
AlgarveShopping (Guia, Albufeira)
2
GLA (m ): 45,500
STORES: 128
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
ArrábidaShopping (Vila Nova de Gaia, Porto)
2
GLA (m ): 60,656
STORES: 192
PARKING PLACES: 3,400
INAUGURATION: October 1996
OWNERS: Sierra Fund (50%) & Sierra Portugal Fund (50%)
DEVELOPERS: Amorim / Moya
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PORTUGAL
OWNERSHIP & MANAGEMENT
CascaiShopping (Cascais, Lisboa)
2
GLA (m ): 73,773
STORES: 203
PARKING PLACES: 3,846
INAUGURATION: May 1991 and September
2003 (Expansion)
OWNERS: Sierra Fund (100%)
DEVELOPERS: Sonae Sierra / Multiplan
CC Continente de Portimão (Portimão)
2
GLA (m ): 13,538
STORES: 60
PARKING PLACES: 769
INAUGURATION: August 1990
PARKING PLACES: 6,326
INAUGURATION: September 1997
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Distribuição
Centro Colombo (Lisboa)
2
GLA (m ): 111,521
STORES: 345
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Sonae Sierra
Centro Vasco da Gama (Lisboa)
2
GLA (m ): 48,945
STORES: 170
PARKING PLACES: 2,523
INAUGURATION: April 1999
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Sonae Sierra / ING Real Estate
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PORTUGAL
OWNERSHIP & MANAGEMENT
CoimbraShopping (Coimbra)
2
GLA (m ): 26,491
STORES: 64
PARKING PLACES: 1,173
INAUGURATION: October 1993
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
Estação Viana Shopping (Viana do Castelo)
2
GLA (m ): 19,182
STORES: 99
PARKING PLACES: 600
INAUGURATION: November 2003
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Estação Shopping
GaiaShopping (Vila Nova de Gaia, Porto)
2
GLA (m ): 59,672
STORES: 159
PARKING PLACES: 2,904
INAUGURATION: October 1995
OWNERS: Sierra Fund (50%) & Sierra Portugal Fund (50%)
DEVELOPERS: Sonae Sierra
GuimarãeShopping (Guimarães)
2
GLA (m ): 30,743
STORES: 110
PARKING PLACES: 1800
INAUGURATION: February 1995 and
October 2009 (expansion)
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
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PORTUGAL
OWNERSHIP & MANAGEMENT
LeiriaShopping (Leiria)
2
GLA (m ): 43,919
STORES: 118
PARKING PLACES: 1,887
INAUGURATION: March 2010
PARKING PLACES: 2,100
INAUGURATION: October 2005
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Sierra
LoureShopping (Loures)
2
GLA (m ): 39,101
STORES: 121
OWNERS: Sierra Portugal Fund (50%) / Deka (50%)
DEVELOPERS: Sonae Sierra
MadeiraShopping (Funchal, Madeira)
2
GLA (m ): 26,777
STORES: 104
PARKING PLACES: 1,033
INAUGURATION: March 2001
OWNERS: Sierra Fund (50%) / Estevão Neves (50%)
DEVELOPERS: Sonae Sierra
MaiaShopping (Maia, Porto)
2
GLA (m ): 28,906
STORES: 100
PARKING PLACES: 2,220
INAUGURATION: November 1997
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
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PORTUGAL
OWNERSHIP & MANAGEMENT
NorteShopping (Matosinhos, Porto)
2
GLA (m ): 73,275
STORES: 270
PARKING PLACES: 4,400
INAUGURATION: October 1998
OWNERS: Sierra Fund (50%) / TIAA-CREF (50%)
DEVELOPERS: Sonae Sierra
Parque Atlântico (Ponta Delgada, Azores)
2
GLA (m ): 22,328
STORES: 96
PARKING PLACES: 1,259
INAUGURATION: October 2003
OWNERS: Sierra Fund (50%) / Grupo Bensaúde (50%)
DEVELOPERS: Sonae Sierra / Grupo Bensaúde
RioSul Shopping (Seixal)
2
GLA (m ): 44,465
STORES: 137
PARKING PLACES: 2,152
INAUGURATION: March 2006
OWNERS: Sierra Portugal Fund (50%) / Pan European (50%)
DEVELOPERS: Sonae Sierra
SerraShopping (Covilhã)
2
GLA (m ): 17,678
STORES: 79
PARKING PLACES: 900
INAUGURATION: November 2005
OWNERS: Sierra Portugal Fund (50%) / Pan European (50%)
DEVELOPERS: Sonae Sierra
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PORTUGAL
OWNERSHIP & MANAGEMENT
ViaCatarina (Porto)
2
GLA (m ): 11,693
STORES: 88
PARKING PLACES: 578
INAUGURATION: September 1996
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Sonae Sierra
PORTUGAL
UNDER DEVELOPMENT
Centro Bordalo (Caldas da Rainha)
2
GLA (m ): 24,000
STORES: 95
OWNERS: Sonae Sierra
PARKING PLACES: 1,100
INAUGURATION: To be defined
INVESTMENT: under Revision
DEVELOPERS: Sonae Sierra
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SPAIN
OWNERSHIP & MANAGEMENT
Dos Mares (San Javier, Murcia)
2
GLA (m ): 24,782
STORES: 81
PARKING PLACES: 1,250
INAUGURATION: March 2004
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Grupo Eroski
GranCasa (Zaragoza)
2
GLA (m ): 77,356
STORES: 142
PARKING PLACES: 2,500
INAUGURATION: March 1997
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Grandes Areas Comerciales de Aragon, S.A.
Luz del Tajo (Toledo)
2
GLA (m ): 40,346
STORES: 118
PARKING PLACES: 2,100
INAUGURATION: September 2004
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Grupo Eroski
Max Center (Bilbao)
2
GLA (m ): 59,321
STORES: 162
PARKING PLACES: 4,250
INAUGURATION: May 1994 & July 2002
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Filo / Eroski
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SPAIN
OWNERSHIP & MANAGEMENT
Plaza Mayor (Málaga)
2
GLA (m ): 53,367
STORES: 146
PARKING PLACES: 2,957
INAUGURATION: April 2002 / October 2008
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Castle City
Valle Real (Santander)
2
GLA (m ): 49,595
STORES: 97
PARKING PLACES: 2,656
INAUGURATION: November 1994
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Filo / Eroski
Zubiarte (Bilbao)
2
GLA (m ): 20,647
STORES: 67
PARKING PLACES: 757
INAUGURATION: November 2004
OWNERS: Sierra Fund
DEVELOPERS: Sierra Fund (50%) / CBRE Global Investors (50%)
SPAIN
UNDER DEVELOPMENT
Málaga Designer Outlet (Málaga)
2
GLA (m ): 30.000
m2 (17.000 m2 1st phase + 13.000
m2 - 2nd phase)
STORES: 90
PARKING PLACES: 1,200
OWNERS: Sierra Fund / McArthurGlen
INAUGURATION: 2017
INVESTMENT: 115 Euro Millions
DEVELOPERS: Sierra Fund / McArthurGlen
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ITALY
OWNERSHIP & MANAGEMENT
Freccia Rossa (Brescia)
2
GLA (m ): 29,456
STORES: 113
PARKING PLACES: 2,500
INAUGURATION: April 2008
OWNERS: Sonae Sierra (50%) / AIG (40%) / Coimpredil (10%)
DEVELOPERS: Sonae Sierra / AIG / Coimpredil
Gli Orsi (Biella)
2
GLA (m ): 41,131
STORES: 107
PARKING PLACES: 2,700
INAUGURATION: October 2008
PARKING PLACES: 2,000
INAUGURATION: March 2012
OWNERS: Sonae Sierra
DEVELOPERS: Sonae Sierra
Le Terrazze (La Spezia)
2
GLA (m ): 38,455
STORES: 102
OWNERS: Sonae Sierra (10%) / Union Investment (90%)
DEVELOPERS: Sonae Sierra / ING Real Estate Development
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GERMANY
OWNERSHIP & MANAGEMENT
Alexa (Berlin)
2
GLA (m ): 56,563
STORES: 185
PARKING PLACES: 1,600
INAUGURATION: September 2007
OWNERS: Sonae Sierra (9%) / Union Investment (91%)
DEVELOPERS: Sonae Sierra / Foncière Euris
Hofgarten Solingen (Solingen)
2
GLA (m ): 29,000
STORES: 86
PARKING PLACES: 600
INAUGURATION: October 2013
OWNERS: Sonae Sierra (50%)/ MAB Development (50%)
DEVELOPERS: Sonae Sierra/ MAB Development
Loop5 (Weiterstadt)
2
GLA (m ): 56,126
STORES: 175
PARKING PLACES: 3,000
INAUGURATION: October 2009
OWNERS: Sonae Sierra (50%) / Foncière Euris (50%)
DEVELOPERS: Sonae Sierra / Foncière Euris
GERMANY
UNDER DEVELOPMENT
Neue Mitte Garbsen (Garbsen)
2
GLA (m ): 37,300
STORES: 110
OWNERS: Sonae Sierra
PARKING PLACES: 1,400
INAUGURATION: To be defined
INVESTMENT: under revision
DEVELOPERS: Sonae Sierra
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GREECE
OWNERSHIP & MANAGEMENT
Pantheon Plaza (Larissa)
2
GLA (m ): 21,058
STORES: 108
PARKING PLACES: 1,600
INAUGURATION: October 2008
OWNERS: Sonae Sierra (50%) / Rockspring (50%)
DEVELOPERS: Sonae Sierra/ Rockspring
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ROMANIA
OWNERSHIP & MANAGEMENT
River Plaza Mall (Ramnicu Valcea)
2
GLA (m ): 11,765
STORES: 92
PARKING PLACES: 205
INAUGURATION: November 2006
PARKING PLACES: 1,900
INAUGURATION: To be defined
OWNERS: Sonae Sierra
DEVELOPERS: n.a.
ROMANIA
UNDER DEVELOPMENT
Adora Mall (Craiova)
2
GLA (m ): 59,000
STORES: 190
OWNERS: Sonae Sierra
INVESTMENT: 111 Euro Millions
DEVELOPERS: Sonae Sierra
ParkLake (Bucharest)
2
GLA (m ): 70,000
STORES: 200
PARKING PLACES: 2,600
OWNERS: Sonae Sierra (50%) / Caelum Development (50%)
INAUGURATION: 2016
INVESTMENT: 180 Euro Millions
DEVELOPERS: Sonae Sierra / Caelum Development
Ploiesti Shopping (Ploiesti)
2
GLA (m ): 64,000
STORES: n.a.
OWNERS: Sonae Sierra
PARKING PLACES: 3,200
INAUGURATION: To be defined
INVESTMENT: under revision
DEVELOPERS: Sonae Sierra
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BRAZIL
OWNERSHIP & MANAGEMENT
Boavista Shopping (São Paulo, SP)
2
GLA (m ): 15,900
STORES: 146
PARKING PLACES: 1,015
INAUGURATION: April, 2004
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Sonae Sierra Brasil / Enplanta Engenharia
Boulevard Londrina Shopping (Londrina, PR)
2
GLA (m ): 48,400
STORES: 221
PARKING PLACES: 2,400
INAUGURATION: May 2013
OWNERS: Sonae Sierra / DDR / Marco Zero / Enplanta
DEVELOPERS: Sonae Sierra / DDR / Marco Zero / Enplanta
Franca Shopping (Franca, SP)
2
GLA (m ): 18,600
STORES: 106
PARKING PLACES: 1,100
INAUGURATION: October, 1993
OWNERS: Sonae Sierra Brasil (76,9%) / Local partners (23,1%)
DEVELOPERS: Enplanta Engenharia / Local partners
Manauara Shopping (Manaus, AM)
2
GLA (m ): 46,500
STORES: 233
PARKING PLACES: 2,750
INAUGURATION: April, 2009
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Sonae Sierra Brasil
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BRAZIL
OWNERSHIP & MANAGEMENT
Parque D. Pedro Shopping (Campinas, SP)
2
GLA (m ): 121,300
STORES: 400
PARKING PLACES: 8,000
INAUGURATION: March, 2002
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Sonae Sierra Brasil / Enplanta Engenharia
Passeio das Águas Shopping (Goiânia, GO)
2
GLA (m ): 77,900
STORES: 259
PARKING PLACES: 4,000
INAUGURATION: October, 2013
OWNERS: Sonae Sierra / DDR / Enplanta
DEVELOPERS: Sonae Sierra / DDR / Enplanta
Shopping Campo Limpo (São Paulo, SP)
2
GLA (m ): 22,300
STORES: 149
PARKING PLACES: 1,098
INAUGURATION: November, 2006
OWNERS: Sonae Sierra Brasil (20%) / Tivoli Emp. Part. Ltda (80%)
DEVELOPERS: Sonae Sierra Brasil / Tivoli Emp. Part. Ltda.
Shopping Metrópole (São Bernardo do Campo, SP)
2
GLA (m ): 30,000
STORES: 191
PARKING PLACES: 1,200
INAUGURATION: May, 1980
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Enplanta Engenharia / Local partners
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BRAZIL
OWNERSHIP & MANAGEMENT
Shopping Plaza Sul (São Paulo, SP)
2
GLA (m ): 23,400
STORES: 218
PARKING PLACES: 1,474
INAUGURATION: April, 1994
OWNERS: Sonae Sierra Brasil (60%) / Local Partners (40%)
DEVELOPERS: Local Partners
Uberlândia Shopping (Uberlândia, MG)
2
GLA (m ): 45,800
STORES: 215
PARKING PLACES: 2,400
INAUGURATION: March, 2012
OWNERS: Sonae Sierra / DDR / Enplanta
DEVELOPERS: Sonae Sierra / DDR / Enplanta
BRAZIL
UNDER DEVELOPMENT
Franca Shopping - Expansion (Franca, SP)
2
GLA (m ): 11.700
m²
STORES: 63
PARKING PLACES: 649
OWNERS: Sonae Sierra Brasil (76,9%) / Local partners (23,1%)
INAUGURATION: 1st Sem. 2015
INVESTMENT: 31 Euro Millions
DEVELOPERS: Sonae Sierra Brasil
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MOROCCO
UNDER DEVELOPMENT
Zenata Shopping Centre (Mohammedia, Casablanca)
2
GLA (m ): 90,000
STORES: 250
PARKING PLACES: 3,650
OWNERS: Sonae Sierra (11%) / Marjane, Al Futtaim e Société
d'Amenagement de Zenata
INAUGURATION: 2017
INVESTMENT: 100 Euro Millions
DEVELOPERS: Sonae Sierra , Marjane, Al Futtaim e Société d'Amenagement de Zenata
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