19 Nov 24 news
Sonae Sierra has been recognised as “Iberia’s Best Real Estate Investment Manager” and “Spain’s Best Real Estate Investment Manager” by the Global Euromoney Real Estate Awards 2024.
The awards, promoted by Euromoney magazine, a leading publication in the banking and financial sector, recognise those organisations that are truly shifting the dial in the real estate market, evaluated through quantitative and qualitative data, evidencing their accomplishments in a 12-month period.
These awards reinforce Sierra’s position as a leader in the Iberian real estate market, recognising the company’s most recent initiatives within the scope of its Investment Management growth strategy, namely the creation of innovative vehicles, the expansion into new sectors, as well as the strengthening of its presence in several geographies.
“Our commitment to create and deliver value for our investors in strategic sectors, aligned with ESG principles, is increasingly recognised in the market. As a result, we have developed investment vehicles in key sectors, collaborating with both new and existing partners to drive sustained growth over the years.” says Luís Mota Duarte, Deputy CEO and Executive Director of Investment Management at Sierra.
Across its European portfolio, Sierra currently manages around 7 billion euros of assets in sectors as diverse as hospitality, retail, offices, logistics and mixed use, in partnership with renowned international and private investors.
Sierra was the first Portuguese real estate company to refinance part of its corporate debt by issuing bonds linked to its sustainability performance. In addition, the company formally signed up to the Principles for Responsible Investment (PRI), becoming a signatory to the principles that promote sustainable investment through the integration of environmental, social and governance (ESG) criteria into investment decisions. In this way, Sierra has not only strengthened its position in the market, but also contributes to a more sustainable and resilient real estate sector, responding to investor expectations and the growing demand for responsible investment practices.
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