Sonae Sierra will invest €10M to refurbish shopping centre Valle Real

Sonae Sierra will invest €10M to refurbish shopping centre Valle Real

This internal renovation project – which should be finished by the second semester of 2021 –, is already considered the «largest such project since the opening of Valle Real in November 1994» and will include the full replacement of surfaces and ceilings, the remodelling of three bathrooms, the implementation of more efficient vertical transport solutions and the installation of a new LED lighting system. New resting areas and a new free children leisure area will also be installed. In total, this shopping centre has a total gross area of 48.000 sqm, which is 100% fully occupied.

«As a result of our experience, we know that a good upgrade strategy translates into the success of the assets we manage. We are sure that the refurbishment of shopping centre Valle Real will improve its commercial offer and its functionality, strengthening its position as the main shopping destination in the region», remarked head of asset management at Sonae Sierra in Spain, Alexandre Pessegueiro.

«The remodelling of the Valle Real shopping centre is intended to improve its identity by adapting it to the environment that surrounds it and to the new market trends. The natural light will be a key feature, which, added to the innovative design solutions which will be part of the shopping centre’s ecosystem, will generate an exclusive space for great experiences for our clients», concluded Sonae Sierra’s conceptual design and architecture director, Jorge Morgadinho.

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