Sonae Sierra, the shopping center specialist, just closed a property management service agreement for Le Isole shopping center, located in Gravellona Toce, Italy. Through this contract, Sonae Sierra will provide property management services to the center that comprises 26,000 m² of Gross Leasable Area and includes 55 shops.
The shopping center represents a significant meeting place for the catchment area where customers can find shopping, leisure and entertainment occasions, also thanks to the 150 seat food court and the Strona river park nearby. The shopping center also offers a parking place able to host up to 1,500 cars.
Fernando Guedes Oliveira, CEO of Sonae Sierra, commented: "As an international shopping center specialist, we are further strengthening our presence in Italy also as knowledge provider to third parties. Thanks to its rich tenant mix and the Strona river park nearby, Le Isole already plays a key role within the territory of Gravellona Toce, a role that Sonae Sierra intends to strength even more through the application of our international experience".
Source: Sonae Sierra