In 2023, Sonae Sierra demonstrated outstanding financial performance, further solidifying its status as a leading real estate investment manager.
Sierra’s shopping centre assets saw exceptional growth, with sales consistently surpassing 2022 levels, and some assets achieving double-digit increases. The company reported an impressive average occupancy rate of 98.2% across its portfolio, with rental income rising by 11.6% to €326.5 million. Total sales for the portfolio under management increased by 7.7% to €5.5
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