Portuguese shopping centre specialist Sonae Sierra is actively scouring the German market for development and refurbishment opportunities, CEO Fernando Guedes de
Portuguese shopping centre specialist Sonae Sierra is actively scouring the German market for development and refurbishment opportunities, CEO Fernando Guedes de
Oliveira told PropertyEU in an interview.
‘There are a lot of opportunities there. The German market is huge, there are lots of centres that need to be modernised.’
Speaking on the eve of the EXPO REAL Real trade fair in Munich, Guedes de Oliveira said he was seeking to buy existing assets but was also interested in building new centres from scratch. The company is currently looking at two land plots in Germany where a licence for a shopping centre has already been obtained, but he declined to give further details.
‘We are not in negotiations about any deals, but are actively pursuing opportunities,’ he said. Sonae Sierra already owns and manages
three shopping centres in Germany.
The full interview is published in the October issue of PropertyEU. Click here to subscribe: