CBRE adds three shopping centres to its management portfolio

CBRE adds three shopping centres to its management portfolio

These three assets were recently acquired by the Harbert Management Corporation from Sonae Sierra for around 170 million euro. Besides the management of these shopping centres, located at São João da Madeira, Seixal and Loures, CBRE will be responsible for the refurbishment of the Rio Sul Shopping.

Francisco Horta e Costa, CBRE’s general manager for Portugal, commented that «shopping centres are going through great change. At a time when visiting a shopping centre is more than just buying, we start to integrate entertainment and culture, transforming shopping centres into meeting points which are tremendously relevant for the surrounding community».

According to Francisco Horta e Costa, «this is a business segment which has been showing significant growth every year, confirming that the new ways of thinking the consumer’s experience in each shopping centre realise CBRE’s look into the future of retail».

In terms of the Iberian Peninsula, CBRE manages an area equivalent to 1.7 million sqm of shopping centres.

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