Sonae Sierra is an international shopping centre specialist active across Europe, South America and Africa.
Our involvement in international shopping centre specialist, Sonae Sierra, began with a minority investment of 18.75% in 1996, gradually increasing to 50% by 2016. The company is active in the investment, development and management of more than 80 shopping centres in numerous countries across Europe, South America and Africa.
In September, our team sold a 20% share of Sonae Sierra, in a strategic move that released €256m of capital to reinvest into new projects in pursuit of Grosvenor’s international diversification strategy.
We remain a 30% shareholder, alongside Sonae SGPS, the Portuguese based retail, telecommunications and financial services group, and continue to see strong commercial returns as the company expands into both existing and new markets.