The partner of choice

About Sonae Sierra

Sonae Sierra is a property company and full real estate services provider committed to delivering solutions to meet its client ambitions. We develop, manage and invest in sustainable assets, provide investment, architecture and engineering and property management services.02

About Sonae Sierra

First-class service, combining global reach with local understanding

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With clients in territories as diverse as Europe, South America, North Africa and Asia, we form strong partnerships with both international investors and local partners alike, successfully developing opportunities and creating shared value. Reinforcing our reputation as a pioneer in the creation of themed shopping centres, Sonae Sierra remains a leader in the development and management of exceptional real estate concepts for clients. A rare combination of passion, experience, knowledge and expertise has enabled us to build an enviable track record of success, spanning more than 30 years.

Our unique understanding of the business and markets in which we operate and our tenacious drive for excellence has allowed us to deliver architecturally impressive and financially rewarding shopping centres and mixed-use projects all around the world. With sustainability at the heart of everything we do, each project is a step towards accomplishing the ambitions of our clients, investors and partners, but also benefits the communities in which they are located.

Sonae Sierra is owned 70% by multi-national holding company Sonae SGPS (Portugal) and 30% by Grosvenor Group Limited (United Kingdom), a privately-owned property group that is active in some of the world’s most dynamic cities.

From creating innovative investment vehicles, to providing outstanding management and development services and helping clients maximise their return on investment, our collaborative approach leads us to work with investors, trusted partners and suppliers to ensure that we achieve our clients’ visions in a safe, sustainable and responsible way. We do this through creative and pioneering projects, which respect the local communities’ needs, values and cultures, and deliver future-proof solutions for our partners.

About Sonae Sierra

Why are we yourpartner of choice?

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A long-term and reliablepartnership

Sharing our experience and know-how with clients, serving their interests

Proven experience on own projects ensures the right advice for investors

Delivering outstanding shared value leveraged by a sustainability-driven strategy

Flexibility drives our approach for the best solution

About Sonae Sierra

AlexaBerlin, GermanyGLA 53,075 m2

178 Shops

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About Sonae SierraAbout Sonae Sierra

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Whether you are a real estate owner, developer, manager or investor, make us your partner of choice.

About Sonae SierraAbout Sonae Sierra

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Sonae Sierra at a glance

SHOPPING CENTRESmanaged and/or leased

BILLION OMVof owned assets

SHOPPING CENTRESowned

DIRECT EMPLOYEES

as of June 2020 as of December 2019

AWARDSMILLION TENANT SALESat managed shopping centres

75+ €8.327operating across

COUNTRIESon 4 continents

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€4,650+ 195+ 890+

PROJECTSunder development

MILLION m2 GLA owned, managed and/orleased real estate assets

MILLION VISITSto managed shopping centres

2.8 385+4

About Sonae SierraParkLakeBucharest, RomaniaGLA 69,231 m2

230 Shops

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Strong Partnerships

A long-term and reliable partnershipThis strong partnership policy is evident in all the

relationships we form, whether it is with international

investors, local partners or our suppliers, and provides

the financial backing and market intelligence necessary

to successfully develop innovative projects on a world-

wide basis.

(P) - Partners(C) - Clients

At Sonae Sierra we are committed to building successful,

long-term partnerships with our clients that are founded

on the values of trust, integrity and respect.

Algeria Ardis (C), Dahli (C), Immobis (C), Prombati (C), SIH (C), Arcofina (C), Benhamed (C), SARL Hotel Benhamed Khaled (C) | Angola Luena Plaza (C) | Azerbaijan Baghlan Group (C) | Belgium BESIX RED (C) | Brazil Marco Zero (P&C), Família Sé (P), Tivoli EP (C), Credit Suisse HG (C) | Bulgaria Akropolis (C) | Colombia Central Control (P&C) | Cyprus Trenesma | Estonia Infortar (C) | Finland Keva (P&C), Ilmarinen (P&C) | France AEW Europe (P&C), AXA Investment Managers - Real Assets (P&C), CNP Assurance (P&C), CDC (P), Foncière Euris (P&C), Frey (C) | Germany DWS (P&C), Deka Immobilien (P&C), Union Investment (P&C), Otto Family (P), Aachener Grundvermögen (C), BHG Gewerbe (C), HanseMerkur Grundvernogen (C) | Greece Charagionis Group (P&C), Lamda Development (P&C), Bluehouse Capital (P&C) | Ireland Caelum Development | Israel MDSR (C) | Italy Coimpredil (P&C), Impresa Pizzarotti & C.S.p.A (P&C), Baigre Sarl (P&C), Intesa San Paolo (C), Europa Capital Partners (C), Generali Real Estate, Gran Casa SpA (C), Gruppo Pollarini (C), Meridie (C), Gela Investment (C), Sud Commerci S.r.l (C), Gholding (C), Gruppo Coin (C) | Morocco Marjane (P&C), Groupe CDG (P&C), SAZ (P&C), Foncière Chellah (C), Facenor (C), ONCF (C), CMG (C), SAPST (C), Saham immobilier (C) | Poland Balmain Asset Management (P&C) | Portugal Ocidental (P&C), Estevão Neves (P&C), Bensaúde Group (P&C), Sonae RP (P&C), Sonae MC (P&C), GIL (C), The Edge Group (C), Caixa Imobiliário, S.A. (C), Millenium BCP (C),

Partners & Clients

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CA Património Crescente - Fundo de Investimento Imobiliário Aberto (C), Savoy (C), Fundação Alfredo de Sousa (C), IP Património (C), Troia Resort (C), Graciosa Parcela (C) | Romania Genesis Property (C), Cocor (C) | Russia RosEvro Development (C), Mall Tech (C) | Slovakia J&T Real Estate (C) | Spain Armórica (P&C), Bankinter Group (P&C), Eroski Group (P&C), Iberdrola Inmobiliaria (P&C), Clásica Urbana (C), Grupo Soluciones (C), H.I.G. European Capital Partners (C), CGI (C), Vegarent MCM (C), Fyrtarn Family (C) | Switzerland Partners Group (P&C) | The Netherlands ING Developments (P&C), APG Investments (P&C), MAB Development (P&C), Redevco (P&C) | Tunisia Mabrouk (C), Copit (C), Indigo (C) | Turkey Endülüs Gayrimenkul (C), Ildem Kooperatif (C), S,ölen (C), Krem Turizm (C), Özdemir Boru Profil (C), VARYAP (C), Basyazici (C) | UAE Al Futtaim (P&C) | USA AIG (P&C), CBRE Global Investors (P&C), CBRE Global Investment Partners (P&C), Madison International Realty (P&C), Nuveen Real Estate (P&C) | United Kingdom Rockspring (P&C), Schroders Investment Management (P&C), Aberdeen Property Investors (P&C), McArthurGlen (P&C), Scottish Widows (C), Doughty Hanson (C)

Strong Partnerships

We have experience all around the worldMore than 30 years of experience in multiple countries, such as:

AlgeriaAngolaAustriaAzerbaijanBelgiumBrazil BulgariaChinaColombia Croatia CyprusEstoniaGermanyGreeceItaly

LibyaMorocco MozambiquePeruPoland Portugal RomaniaRussiaSerbiaSlovakiaSloveniaSpainTunisiaTurkeyUkraine

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Expertise

Proven experience on own projects ensures the right advice for investors

For over 30 years, we have been successfully designing,

developing and managing shopping centres and mixed-use projects

across four different continents. Our extensive experience and highly

specialised knowledge means we are uniquely positioned to be able

to provide solutions for every stage of your project, making us the

partner of choice.

Our work with international investors leads us to create innovative investment vehicles, with the main goal of offering our investors dividends and capital appreciation through investments in high quality real estate properties. The management of each fund follows the same success formula and involves Sonae Sierra retaining part ownership and managing the real estate assets for the duration of the investment, generating the possibility of maintaining the partnerships with the tenants and co-owners of each asset, thus increasing the value of the portfolio.

Our pro-active property management services are designed to maximise shopping centre visits, tenant sales, high occupancy and high collection rates. Furthermore, while helping each client to generate optimal return on their investment, we also help them to maximise their gains by developing innovative ways to extract further value from their portfolios, such as through refurbishment, expansion or changes to their tenant mix.

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Strong Partnerships

Sharing our experience and know-how with clients, serving their interests

At Sonae Sierra we are passionate about innovation and since 1989 we have been spearheading a movement that has defined the very future of the retail real estate space and experience.

Using the knowledge and expertise gained from both the successful development of our own projects, and those of our clients, we are committed to serving the best interests of our clients, with no challenge being too great.

We are renowned for our success when it comes to working with real estate asseets of all sizes, types, and locations. Our unique understanding of the business and markets in which we operate ensures we deliver the optimum value to our clients throughout the entire lifecycle of a project.

Europe, South

America, Africa

and Asia

New projects,

Refurbishments,

Expansions

Retail, Mixed-

use, Offices,

Residential,

Hospitality,

Student housing

Urban, Out-of-

town projects,

Islands

From 10,000 m2

to 150,000 m2

of GLA and

500,000 m2

of building area

DIFFERENT GEOGRAPHIES

DIFFERENT MOMENTS

DIFFERENT PROJECTS

DIFFERENTLOCATIONS

DIFFERENTSIZES

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Expertise

Externally recognised

67ICSC AWARDS

8AECC

3MIPIM AWARDS

20EUROMONEY

REAL ESTATE

AWARDS

10 CNCC ITALY

AWARDS

2EUROPEAN

PROPERTY

AWARDS

1GREEN THINKER

AWARD

1 SUSTAINABLE

ENERGY EUROPE

AWARD

More than 195 awards received

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3 EUROPEAN RISK

MANAGEMENT

AWARD

1 SILVER STEVIE

AWARD

INTERNATIONAL

BUSINESS AWARDS

GranCasaZaragoza, SpainGLA 76,784 m2

137 Shops14

Sustainability

CREATINGSHAREDVALUE

SOCIAL AND

ENVIRONMENTAL

CHALLENGES

BUSINESS

COMPETITIVENESS

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Delivering outstanding shared value leveraged by a sustainability-driven strategy

Sustainability is at the heart of everything we do

at Sonae Sierra. Creating shared value for partners,

investors and society by using the most sustainable

approach to business is a key factor in our ongoing

success.

Our sustainability strategy focuses on three long-term priorities that are designed to create shared value for our business, society and the environment. By tackling these issues, we are addressing the principle sustainability risks and opportunities facing our operations.

SAFE PEOPLE& RESOURCERESILIENCE

FUTUREFIT RETAIL

KNOWLEDGE

Focused on anticipating emerging retail trends and pioneering new concepts that respond to changing consumer expectations and exploring the interface between sustainability and innovation to support our clients and tenants business performance.

Focused on increasing human capital while ensuring high levels of staff productivity, and on embedding more sustainable lifestyles aiming to improve health and wellbeing amongst our staff and local communities.

Safe People & Resource Resilience

Future Fit Retail

Knowledge

Focused on controlling safety and health risks, reducing environmental impacts and improving the eco-efficiency and the resilience of our operating assets, developments, expansion and refurbishment activities.

Sustainability

Key achievements

Sonae Sierra is certified by both ISO 14001 and OHSAS 18001 for its Safety, Health and Environmental management.

Green Star status and achieved a 5 star Rating by the Global Real Estate Sustainability Benchmark (GRESB) awarded for nine consecutive years.

Recycling rate increase of 249% since 2002, at owned portfolio.

Carbon intensity constantly decreasing showing a 82% reduction since 2005.

Avoided costs of €16.8 million in 2019 as a result of energy, water and waste efficiency measures implemented at owned portfolio since 2002.

Electricity efficiency improvements, of owned portfolio, with consumption constantly decreasing showing a 54% reduction since 2002.

Water efficiency improvements, of owned portfolio, with consumption constantly decreasing showing a 35% reduction since 2003.

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as of December 2019

Our Services

Flexibility drives our approach for the best solution

Services from A to Z

Flexibility is a core aspect of our approach, ensuring we

always provide the best possible solution for our clients.

As a result, we have been able to successfully design

and implement real estate and mixed-use projects of

all shapes and sizes, in many different cultures and

communities, and faced with a number of challenges,

across the world.

The secret to our success is listening to our clients and using our unique know-how and experience to work closely with them to find the best solution, and one which will meet their expectations. We approach every challenge as if it is our own, developing sustainable assets that create shared value for our business, our clients and society. At Sonae Sierra, we are able to provide tailor-made real estate services, covering the entire real estate lifecycle.

ARCHITECTURE AND ENGINEERING

SUSTAINABILITY

INVESTMENTMANAGEMENT

PROPERTYMANAGEMENT

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Gli OrsiBiella, Italy

GLA 41,130 m2

106 Shops

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Our Services

At Sonae Sierra, we offer a comprehensive range

of innovative development solutions within Architecture

Design, Engineering Design and Development

Management. Our services are provided for clients

worldwide, ensuring they maximise engagement,

revenues and margins.

With more than 30 years’ experience designing and developing innovative and outstanding real estate projects worldwide, as well as with expertise covering the entire length of the property lifecycle and with an extensive track record of solutions successfully implemented, we are the partner of choice.

Our experience and approach enable us to overcome any perceived obstacles to ensure a successful, timely and on-budget development and maximized profitability, including geographical and geological factors, traffic and urban planning consent, cultural and climate challenges.

At Sonae Sierra, we are able to provide Architecture and Engineering services, such as:

• Pre-development• Market Intelligence• Engineering Design• Project and Construction Management• Architecture Design• Development Management• Licensing and Urban Planning

Architecture andEngineering Services

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Our Services

Our Services

Restroom EntranceParkLake, Romania

Cascais KitchenCascaiShopping, Portugal

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Our Services

Property Management Services

Our high quality of work, know-how and efficiency are the result of a strong element of teamwork delivered by multidisciplinary specialists across all areas of property management, including legal, commercial, marketing and operations. Customized and best in class IT systems also contribute to more efficient property management and leasing services. Sonae Sierra’s extensive network, coupled with our expertise makes us your partner of choice. Centro Vasco da Gama

Lisbon, PortugalGLA 51,501 m2

162 Shops

Our Services

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Sonae Sierra offers property management and leasing

services for shopping centres and mixed-use projects,

creating vibrant properties for visitors and tenants.

We are able to offer services across the whole range

of property management.

CityLife Shopping District

Milan, ItalyGLA 31,674 m2

99 Shops

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Our Services

At Sonae Sierra, we go the extra mile to ensure we

offer our clients a top-quality service. We identify and

implement value creation opportunities for the different

assets under management and perform regular hold-sell

analysis across the portfolio, with a view to optimize our

investors’ returns.

Investment Management Services

We achieve this through proactive risk management combined with customised strategies, which unlock value and boost future growth in relation to both fund and asset management, under a broad range of macroeconomic conditions. Sierra Investment Management Services is able to deliver significant added value to investors and offer services in Asset Management, Fund and Portfolio Management and Investment Advisory.

In response to the economic downturn seen in 2008, a special plan was created for Valle Real during the years that followed in order to attract international retail brands. This helped to reposition Valle Real as a leading shopping centre in the north of Spain, which in turn increased demand for retail space and resulted in a very high level of occupancy, rental volume and tenant sales.

Valle RealSantander, Spain

GLA 47,666 m2

95 Shops

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Our Services

Our ServicesCentro ColomboLisbon, PortugalGLA 114,856 m2

326 Shops

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Our Services

Sustainability is the cornerstone of our approach and

we actively work with clients to develop sustainable

and socially responsible shopping centres and mixed-

use projects that positively impact on society and

the environment, secure asset resilience, optimal

performance and cost savings.

Sustainability Services

Sonae Sierra’s Sustainability services cover the entire lifecycle of a project, offering a comprehensive range of solutions to the challenges of the assets business while ensuring future growth, superior performance and recognition.

We provide a wide range of high quality services, from sustainability regulatory zand risk assessments, to resource optimization, ESG strategy and building certification.

Le TerrazzeLa Spezia, ItalyGLA 38,483 m2

102 Shops

Our Services

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Our Services

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NorteShoppingPorto, PortugalGLA 69,648 m2

241 Shops

PORTUGAL, LISBON +351 21 751 5000PORTUGAL, PORTO +351 22 940 1700

COLOMBIA, CALI +57 2 324 7222GERMANY, DÜSSELDORF +49 211 4361 6201

GREECE, ATHENS +30 210 725 6360ITALY, MILAN +39 026 236 9001

LUXEMBOURG, LUXEMBOURG +352 26 00 5213MOROCCO, CASABLANCA +212 (0) 522 981 771

ROMANIA, BUCHAREST +40 21 36 10 947SPAIN, MADRID +34 91 575 8986

THE NETHERLANDS, AMSTERDAM +31 23568 5080

The paper used for this brochure is made from 100% genuine de-inked post consumer waste and is FSC® certified.