Sonae Sierra reports positive results one year after integrating Unibail-Rodamco-Westfield's management division in October 2025. According to the company, the German portfolio of managed shopping centres shows increasing sales and an increase in visitor footfall. The occupancy rate within this portfolio is stated as stable at 95 per cent.
By taking over the management of twelve shopping centres a year ago, Sonae Sierra positioned itself as the second largest property manager for third-party owned shopping centres in Germany. According to the company, the successful integration and the operational results achieved strengthen its position for further expansion in both the German and European markets.
Strategic Expansion in a Challenging Environment
Given the existing challenges in the retail property segment, minimising risks in management and operations is becoming increasingly relevant for owners. In this context, professional and integrated service platforms such as Sonae Sierra's are considered crucial. Christine Hager, a member of the Sonae Sierra management board in Germany and Director of Property Management, emphasised that Expo Real was used to discuss potential new management mandates in Germany with investors, thus preparing for further growth. Sonae Sierra's strategy aims to establish itself as one of the leading integrated real estate platforms in Europe, with Germany as a core market playing a central role.
In addition to the German market, Sonae Sierra recently expanded its services division in Spain. Through the acquisition of the Spanish SCCE, the management of 18 additional shopping centres was integrated into the portfolio. Sonae Sierra currently manages over 500 properties with a total area of more than 3.3 million square metres in eight countries. The company has 35 years of international experience as an investor, developer and operator of centres, 25 of which have been in the German market. Sonae Sierra's partners include renowned institutional investors.
- —Sonae Sierra manages over 500 properties in eight countries.
- —The total portfolio comprises more than 3.3 million square metres.
- —The company looks back on 35 years of experience in the global real estate market.
- —Sonae Sierra has been active in Germany for 25 years.
