Sonae Sierra puts 3 Portuguese shoppings for sale

Sonae Sierra puts 3 Portuguese shoppings for sale


On the one hand, with 44,475 m², RioSul Shopping, in Seixal, is owned 50% by Rockspring. In the Oporto area, Arrábida Shopping and Gaia Shopping account for 60,733 m² and 59,695 m², respectively.

No specific value has been advanced for this portfolio, but El Confidencial believes that it exceeds €500 million, given the demand that the Portuguese market shows.


The company will try to buy back shoppings it owns with CBRE GI

In Spain, Sonae Sierra has begun the process of selling Gran Casa in Zaragoza, Valle Real in Cantabria and Max Center in Vizcaya, justified by the fact that its partner, CBRE GI, wants to exit the joint venture, explains the El Confidential.

The market sources consulted confirm that the Portuguese group does not want to give up the assets, and it will be one of the investors interested in buying the same, in this case, 50% of the capital, since it owns the other half. The portfolio is evaluated at €500 million.

The sale of the three Spanish shoppings is expected to be concluded by the end of this year alone, with CBRE and JLL in charge.

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