Sonae Sierra has received the Retail Rising Stars award at the International Retail Property Market (MAPIC) Awards 2013, that distinguish retail companies that developed iconic shopping centers in BRIC (Brazil, Russia, India and China).
The award acknowledges Sonae Sierra's developer work in Brazil, a country where the company manages 12 shopping centres for a total of 502,000 m² of GLA and 2,487 shops. Over the past two years, Sonae Sierra Brasil has inaugurated three shopping centers in this market, in a total investment of €351 million, and enabled the creation of 11,000 jobs.
According to Fernando Guedes de Oliveira, Sonae Sierra's CEO, "this distinction confirms our international reputation and is an acknowledgment of our development capacity and the quality of our portfolio in Brazil, a strategic market in which we intend to continue investing."
The 2013 MAPIC Awards received 100 applications from 24 countries, and 27 finalists were selected.
Source: Sonae Sierra