2020 Investment & Asset Management

Creating value and meeting great expectations through refurbishments

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Creating value and meeting great expectations through refurbishments

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  • Retail is changing, and shopping centres owners must adapt to visitors and tenants’ expectations
  • With limited new development opportunities, the refurbishment of existing assets offers significant value creation potential for investors
  • Sonae Sierra’s professional services teams deliver effective turnkey refurbishment solutions raising tenant revenues and Gross Asset Value (GAV)

Sonae Sierra has developed a solution to help clients update existing assets incorporating:

    • An integrated approach leveraging the experience of Sonae Sierra’s Architecture & Engineering, Investment and Property Management teams
    • Bespoke leasing strategies to balance tenant needs and visitors’ preferences
    • Exceptional project management to ensure the centre remains open during the works while minimising the impact on tenants and on visitors

+93%

total increase in
tenant sales

+155%

total increase in
rental income

+41%

total traffic
increase

4,8 out of 5

average tenant satisfaction
during refurbishment
processes

+800

total retail unitstransformed

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