release date: august 05, 2014 · sonae sierra press kit release date: august 05, 2014 p 3/23 who we...
TRANSCRIPT
Release date: August 05, 2014
CONTENTS WHO WE ARE
SUSTAINABILITY AT SONAE SIERRA
SIERRA FUNDS
INDICATORS
OUR SHOPPING CENTRES
Portugal – Ownership & Management Portugal – Under Development Spain – Ownership & Management Italy – Ownership & Management Germany – Ownership & Management Germany – Under Development Greece – Ownership & Management Romania – Ownership & Management Romania – Under Development Brazil – Ownership & Management Brazil – Under Development Morocco – Under Development
Sonae Sierra Press Kit Release date: August 05, 2014
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WHO WE ARE SONAE SIERRA IS THE INTERNATIONAL SHOPPING CENTRE SPECIALIST, PASSIONATE ABOUT CREATING UNIQUE SHOPPING EXPERIENCES.
Our integrated approach to the shopping centre business includes the ownership, development and management activities.
This strategy allowed us to develop a recognized unique know-how which we use for our shopping centres, as well as third-parties projects and operating shopping centres.
Currently the Company operates in Portugal, Algeria, Azerbaijan, Brazil, China, Colombia, Germany, Greece, Italy, Morocco, Romania, Spain and Turkey.
Incorporated in Portugal in 1989, Sonae Sierra is owned by Sonae, SGPS (Portugal) with 50% and Grosvenor (United Kingdom) with 50%. The company has been awarded more international prizes than any other company in this sector. Our strong partnership policy allows the company to quickly gain an in-depth knowledge of a market and create new business opportunities.
SHOPPING CENTRES AND NEW PROJECTS Owner of 47 Shopping Centres with a total GLA of 1.9 million m2 and an Open Market Value of 5.9 billion
euros. Responsible for the management and/or leasing of 82 shopping centres. 6 projects under development, including 3 for third parties, and 4 new projects in pipeline.
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SUSTAINABILITY AT SONAE SIERRA FOR SONAE SIERRA, THE SUSTAINABLE GROWTH OF THE COMPANY IMPLIES A CONSTANT EVALUATION OF THE INTERACTION AND BALANCE BETWEEN ECONOMIC, SOCIAL AND ENVIRONMENTAL GOALS. Sonae Sierra recognises that its business has an impact on society and the environment. We are responsible for the safety of millions of people on our sites, and consider that their integrity must be safeguarded at all costs. Furthermore, it is our responsibility to proactively preserve the environment for today’s and future generations. We are committed to conduct our activities so that risks towards people, assets and ecosystems are minimised, and the benefits enhanced. We strive for continuous improvement in Safety, Health and Environment (SHE) performance across all our sites. We consider that in today’s world, addressing environmental and social challenges is an opportunity to improve competitiveness and will lead to greater profitability in the long-term. We are the first company in the sector worldwide to obtain a corporate Environment Management System certification according to ISO 14001 and also the first one in the sector to obtain the corporate-wide Safety and Health Management System certification according to OHSAS 18001. We use the CSV (Creating Shared Value) concept to align our business and sustainability goals, and target opportunities for us to create shared value for our business, the environment and society in the medium - to long-term. As we sought to apply the concept of shared value, we identified a number of longer-term priorities that deliver tangible value for our business, society and the environment. Addressing such issues is intended to address the principle sustainability risks facing our operations and safeguard our continued capacity to do business.
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PRIORITIES We have identified the following priorities that will help us address global problems while ensuring we sustain our revenues: Resource Resilience, Prosperous Retailers, Leveraging Knowledge, and Sustainable Lifestyles.
RESOURCE RESILIENCE Trying to be energy independent, using innovation and technology to rethink our processes and reusing water on our sites. PROSPEROUS RETAILERS Partnering with our tenants to make their businesses more resilient. LEVERAGING KNOWLEDGE Empowering people through skills and knowledge. SUSTAINABLE LIFESTYLES Using our reach and public influence to encourage our visitors to make the right choice. We will continue to comply with demanding standards of safety, health and environmental management across all our operations, in many markets exceeding the requirements of local legislation. We have also maintained Risk Management crosscutting all priorities which will identify and manage downside risks. But moving beyond this approach, we will focus on the mentioned long-term which will deliver tangible value for our business, society and the environment. Addressing such issues is intended to safeguard our continued capacity to do business in a rapidly changing world - Turning global Challenges into Business Value!
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SIERRA FUNDS IN ADDITION TO THE DIRECT OWNERSHIP OF SOME OF OUR SHOPPING CENTRES, WE CO-OWN MANY OTHERS THROUGH INNOVATIVE INVESTMENT FUNDS LAUNCHED IN PARTNERSHIP WITH INTERNATIONAL INVESTORS. The principle objective of these funds is to offer our investors dividends and capital appreciation through investments in high quality shopping centres. The management of each fund follows a common commitment: Sonae Sierra owns part of the funds and manages the shopping centres for the duration of the investment, generating the possibility of maintaining the partnerships with the tenants and co-owners of each shopping centre whilst freeing capital to invest in new locations or take advantage of new business opportunities, thus increasing the value of the portfolio.
Some of our fund partners Netherlands ABP
USA TIAA-CREF
Brazil Credit Suisse HG
United Kingdom Schroders Investment Management
France CNP Assurance
CDC
Finland KEVA
Ilmaren
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INDICATORS
2013 IN A GLANCE
Consolidated Net Profit of € 3.60 million
NAV of € 1,000 million
EBITDA stable at € 113.5 million
GLA under management of about 2.3 million m2
About 8.288 tenant contracts
406 million visists in its shopping centres
PERFORMANCE INDICATORS 2008 2009 2010 2011 2012 2013
Real Estate NAV as at 31 Dec. (€ million) 1,416 1,228 1,251 1,173 1,050 1,000
GLA owned in operating centres (000’s m2) 1,963 2,059 2,017 1,924 1,929 1,896
GLA under management (000’s m2) 2,163 2,284 2,220 2,233 2,261 2,303
Number of tenant contracts under management
8,455 8,924 8,521 8,495 8,428 8,288
Consolidated EBITDA (€ million) 105.9 108.8 123.4 112.8 116.3 113.5
Consolidated Net Profit (€ million) -116.1 -111 8.7 9.7 -45.9 3.6
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PORTUGAL
OWNERSHIP & MANAGEMENT
8ª Avenida (S. João da Madeira)
GLA (m2): 27,978 STORES: 127 PARKING PLACES: 1,701 INAUGURATION: September 2007
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Sierra
AlbufeiraShopping (Albufeira)
GLA (m2): 11,577 STORES: 44 PARKING PLACES: 560 INAUGURATION: August 1989
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Distribuição
AlgarveShopping (Guia, Albufeira)
GLA (m2): 45,500 STORES: 128 PARKING PLACES: 2,527 INAUGURATION: April 2001
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
ArrábidaShopping (Vila Nova de Gaia, Porto)
GLA (m2): 60,656 STORES: 192 PARKING PLACES: 3,400 INAUGURATION: October 1996
OWNERS: Sierra Fund (50%) & Sierra Portugal Fund (50%)
DEVELOPERS: Amorim / Moya
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PORTUGAL
OWNERSHIP & MANAGEMENT
CascaiShopping (Cascais, Lisboa)
GLA (m2): 73,773 STORES: 203 PARKING PLACES: 3,846
INAUGURATION: May 1991 and September
2003 (Expansion)
OWNERS: Sierra Fund (100%)
DEVELOPERS: Sonae Sierra / Multiplan
CC Continente de Portimão (Portimão)
GLA (m2): 13,538 STORES: 60 PARKING PLACES: 769 INAUGURATION: August 1990
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Distribuição
Centro Colombo (Lisboa)
GLA (m2): 111,521 STORES: 345 PARKING PLACES: 6,326 INAUGURATION: September 1997
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Sonae Sierra
Centro Vasco da Gama (Lisboa)
GLA (m2): 48,945 STORES: 170 PARKING PLACES: 2,523 INAUGURATION: April 1999
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Sonae Sierra / ING Real Estate
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PORTUGAL
OWNERSHIP & MANAGEMENT
CoimbraShopping (Coimbra)
GLA (m2): 26,491 STORES: 64 PARKING PLACES: 1,173 INAUGURATION: October 1993
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
Estação Viana Shopping (Viana do Castelo)
GLA (m2): 19,182 STORES: 99 PARKING PLACES: 600 INAUGURATION: November 2003
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Estação Shopping
GaiaShopping (Vila Nova de Gaia, Porto)
GLA (m2): 59,672 STORES: 159 PARKING PLACES: 2,904 INAUGURATION: October 1995
OWNERS: Sierra Fund (50%) & Sierra Portugal Fund (50%)
DEVELOPERS: Sonae Sierra
GuimarãeShopping (Guimarães)
GLA (m2): 30,743 STORES: 110 PARKING PLACES: 1800
INAUGURATION: February 1995 and
October 2009 (expansion)
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
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PORTUGAL
OWNERSHIP & MANAGEMENT
LeiriaShopping (Leiria)
GLA (m2): 43,919 STORES: 118 PARKING PLACES: 1,887 INAUGURATION: March 2010
OWNERS: Sierra Portugal Fund
DEVELOPERS: Sonae Sierra
LoureShopping (Loures)
GLA (m2): 39,101 STORES: 121 PARKING PLACES: 2,100 INAUGURATION: October 2005
OWNERS: Sierra Portugal Fund (50%) / Deka (50%)
DEVELOPERS: Sonae Sierra
MadeiraShopping (Funchal, Madeira)
GLA (m2): 26,777 STORES: 104 PARKING PLACES: 1,033 INAUGURATION: March 2001
OWNERS: Sierra Fund (50%) / Estevão Neves (50%)
DEVELOPERS: Sonae Sierra
MaiaShopping (Maia, Porto)
GLA (m2): 28,906 STORES: 100 PARKING PLACES: 2,220 INAUGURATION: November 1997
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra
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PORTUGAL
OWNERSHIP & MANAGEMENT
NorteShopping (Matosinhos, Porto)
GLA (m2): 73,275 STORES: 270 PARKING PLACES: 4,400 INAUGURATION: October 1998
OWNERS: Sierra Fund (50%) / TIAA-CREF (50%)
DEVELOPERS: Sonae Sierra
Parque Atlântico (Ponta Delgada, Azores)
GLA (m2): 22,328 STORES: 96 PARKING PLACES: 1,259 INAUGURATION: October 2003
OWNERS: Sierra Fund (50%) / Grupo Bensaúde (50%)
DEVELOPERS: Sonae Sierra / Grupo Bensaúde
RioSul Shopping (Seixal)
GLA (m2): 44,465 STORES: 137 PARKING PLACES: 2,152 INAUGURATION: March 2006
OWNERS: Sierra Portugal Fund (50%) / Pan European (50%)
DEVELOPERS: Sonae Sierra
SerraShopping (Covilhã)
GLA (m2): 17,678 STORES: 79 PARKING PLACES: 900 INAUGURATION: November 2005
OWNERS: Sierra Portugal Fund (50%) / Pan European (50%)
DEVELOPERS: Sonae Sierra
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PORTUGAL
OWNERSHIP & MANAGEMENT
ViaCatarina (Porto)
GLA (m2): 11,693 STORES: 88 PARKING PLACES: 578 INAUGURATION: September 1996
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Sonae Sierra
PORTUGAL
UNDER DEVELOPMENT
Centro Bordalo (Caldas da Rainha)
GLA (m2): 24,000 STORES: 95 PARKING PLACES: 1,100 INAUGURATION: To be defined
OWNERS: Sonae Sierra INVESTMENT: under Revision
DEVELOPERS: Sonae Sierra
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SPAIN
OWNERSHIP & MANAGEMENT
Dos Mares (San Javier, Murcia)
GLA (m2): 24,782 STORES: 81 PARKING PLACES: 1,250 INAUGURATION: March 2004
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Grupo Eroski
GranCasa (Zaragoza)
GLA (m2): 77,356 STORES: 142 PARKING PLACES: 2,500 INAUGURATION: March 1997
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Grandes Areas Comerciales de Aragon, S.A.
La Farga (Barcelona)
GLA (m2): 17,520 STORES: 83 PARKING PLACES: 637 INAUGURATION: April 1996
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Filo
Luz del Tajo (Toledo)
GLA (m2): 40,346 STORES: 118 PARKING PLACES: 2,100 INAUGURATION: September 2004
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Grupo Eroski
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SPAIN
OWNERSHIP & MANAGEMENT
Max Center (Bilbao)
GLA (m2): 59,321 STORES: 162 PARKING PLACES: 4,250 INAUGURATION: May 1994 & July 2002
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Filo / Eroski
Plaza Mayor (Málaga)
GLA (m2): 53,367 STORES: 146 PARKING PLACES: 2,957 INAUGURATION: April 2002 / October 2008
OWNERS: Sierra Fund
DEVELOPERS: Sonae Sierra / Castle City
Valle Real (Santander)
GLA (m2): 49,595 STORES: 97 PARKING PLACES: 2,656 INAUGURATION: November 1994
OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%)
DEVELOPERS: Filo / Eroski
Zubiarte (Bilbao)
GLA (m2): 20,647 STORES: 67 PARKING PLACES: 757 INAUGURATION: November 2004
OWNERS: Sierra Fund
DEVELOPERS: Sierra Fund (50%) / CBRE Global Investors (50%)
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ITALY
OWNERSHIP & MANAGEMENT
Freccia Rossa (Brescia)
GLA (m2): 29,456 STORES: 113 PARKING PLACES: 2,500 INAUGURATION: April 2008
OWNERS: Sonae Sierra (50%) / AIG (40%) / Coimpredil (10%)
DEVELOPERS: Sonae Sierra / AIG / Coimpredil
Gli Orsi (Biella)
GLA (m2): 41,131 STORES: 107 PARKING PLACES: 2,700 INAUGURATION: October 2008
OWNERS: Sonae Sierra
DEVELOPERS: Sonae Sierra
Le Terrazze (La Spezia)
GLA (m2): 38,455 STORES: 102 PARKING PLACES: 2,000 INAUGURATION: March 2012
OWNERS: Sonae Sierra (10%) / Union Investment (90%)
DEVELOPERS: Sonae Sierra / ING Real Estate Development
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GERMANY
OWNERSHIP & MANAGEMENT
Alexa (Berlin)
GLA (m2): 56,559 STORES: 185 PARKING PLACES: 1,600 INAUGURATION: September 2007
OWNERS: Sonae Sierra (9%) / Union Investment (91%)
DEVELOPERS: Sonae Sierra / Foncière Euris
Hofgarten Solingen (Solingen)
GLA (m2): 29,000 STORES: 86 PARKING PLACES: 600 INAUGURATION: October 2013
OWNERS: Sonae Sierra (50%)/ MAB Development (50%)
DEVELOPERS: Sonae Sierra/ MAB Development
Loop5 (Weiterstadt)
GLA (m2): 56,263 STORES: 175 PARKING PLACES: 3,000 INAUGURATION: October 2009
OWNERS: Sonae Sierra (50%) / Foncière Euris (50%)
DEVELOPERS: Sonae Sierra / Foncière Euris
GERMANY
UNDER DEVELOPMENT
Neue Mitte Garbsen (Garbsen)
GLA (m2): 37,300 STORES: 110 PARKING PLACES: 1,400 INAUGURATION: To be defined
OWNERS: Sonae Sierra INVESTMENT: under revision
DEVELOPERS: Sonae Sierra
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GREECE
OWNERSHIP & MANAGEMENT
Pantheon Plaza (Larissa)
GLA (m2): 21,058 STORES: 108 PARKING PLACES: 1,600 INAUGURATION: October 2008
OWNERS: Sonae Sierra (50%) / Rockspring (50%)
DEVELOPERS: Sonae Sierra/ Rockspring
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ROMANIA
OWNERSHIP & MANAGEMENT
River Plaza Mall (Ramnicu Valcea)
GLA (m2): 11,651 STORES: 92 PARKING PLACES: 205 INAUGURATION: November 2006
OWNERS: Sonae Sierra
DEVELOPERS: n.a.
ROMANIA
UNDER DEVELOPMENT
Adora Mall (Craiova)
GLA (m2): 59,000 STORES: 190 PARKING PLACES: 1,900 INAUGURATION: To be defined
OWNERS: Sonae Sierra INVESTMENT: 111 Euro Millions
DEVELOPERS: Sonae Sierra
ParkLake (Bucharest)
GLA (m2): 70,000 STORES: 200 PARKING PLACES: 2,600 INAUGURATION: 2016
OWNERS: Sonae Sierra (50%)/ Caelum Development (50%) INVESTMENT: 180 Euro Millions
DEVELOPERS: Sonae Sierra / Caelum Development
Ploiesti Shopping (Ploiesti)
GLA (m2): 64,000 STORES: n.a. PARKING PLACES: 3,200 INAUGURATION: To be defined
OWNERS: Sonae Sierra INVESTMENT: under revision
DEVELOPERS: Sonae Sierra
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BRAZIL
OWNERSHIP & MANAGEMENT
Boavista Shopping (São Paulo, SP)
GLA (m2): 15,900 STORES: 146 PARKING PLACES: 1,015 INAUGURATION: April, 2004
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Sonae Sierra Brasil / Enplanta Engenharia
Boulevard Londrina Shopping (Londrina, PR)
GLA (m2): 48,400 STORES: 221 PARKING PLACES: 2,400 INAUGURATION: May 2013
OWNERS: Sonae Sierra / DDR / Marco Zero / Enplanta
DEVELOPERS: Sonae Sierra / DDR / Marco Zero / Enplanta
Franca Shopping (Franca, SP)
GLA (m2): 18,600 STORES: 106 PARKING PLACES: 1,100 INAUGURATION: October, 1993
OWNERS: Sonae Sierra Brasil (76,9%) / Local partners (23,1%)
DEVELOPERS: Enplanta Engenharia / Local partners
Manauara Shopping (Manaus, AM)
GLA (m2): 46,500 STORES: 233 PARKING PLACES: 2,750 INAUGURATION: April, 2009
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Sonae Sierra Brasil
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BRAZIL
OWNERSHIP & MANAGEMENT
Parque D. Pedro Shopping (Campinas, SP)
GLA (m2): 121,300 STORES: 400 PARKING PLACES: 8,000 INAUGURATION: March, 2002
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Sonae Sierra Brasil / Enplanta Engenharia
Passeio das Águas Shopping (Goiânia, GO)
GLA (m2): 77,900 STORES: 259 PARKING PLACES: 4,000 INAUGURATION: October, 2013
OWNERS: Sonae Sierra / DDR / Enplanta
DEVELOPERS: Sonae Sierra / DDR / Enplanta
Shopping Campo Limpo (São Paulo, SP)
GLA (m2): 22,300 STORES: 149 PARKING PLACES: 1,098 INAUGURATION: November, 2006
OWNERS: Sonae Sierra Brasil (20%) / Tivoli Emp. Part. Ltda (80%)
DEVELOPERS: Sonae Sierra Brasil / Tivoli Emp. Part. Ltda.
Shopping Metrópole (São Bernardo do Campo, SP)
GLA (m2): 30,000 STORES: 191 PARKING PLACES: 1,200 INAUGURATION: May, 1980
OWNERS: Sonae Sierra Brasil
DEVELOPERS: Enplanta Engenharia / Local partners
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BRAZIL
OWNERSHIP & MANAGEMENT
Shopping Plaza Sul (São Paulo, SP)
GLA (m2): 23,400 STORES: 218 PARKING PLACES: 1,474 INAUGURATION: April, 1994
OWNERS: Sonae Sierra Brasil (60%) / Local Partners (40%)
DEVELOPERS: Local Partners
Uberlândia Shopping (Uberlândia, MG)
GLA (m2): 45,800 STORES: 215 PARKING PLACES: 2,400 INAUGURATION: March, 2012
OWNERS: Sonae Sierra / DDR / Enplanta
DEVELOPERS: Sonae Sierra / DDR / Enplanta
BRAZIL
UNDER DEVELOPMENT
Franca Shopping - Expansion (Franca, SP)
GLA (m2): 11.700
m² STORES: 63 PARKING PLACES: 649 INAUGURATION: 1st Sem. 2015
OWNERS: Sonae Sierra Brasil (76,9%) / Local partners (23,1%) INVESTMENT: 31 Euro Millions
DEVELOPERS: Sonae Sierra Brasil
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MOROCCO
UNDER DEVELOPMENT
Zenata Shopping Centre (Mohammedia, Casablanca)
GLA (m2): 90,000 STORES: 250 PARKING PLACES: 3,650 INAUGURATION: 2017
OWNERS: Sonae Sierra (11%) / Marjane, Al Futtaim e Société
d'Amenagement de Zenata INVESTMENT: 100 Euro Millions
DEVELOPERS: Sonae Sierra , Marjane, Al Futtaim e Société d'Amenagement de Zenata