Sonae Sierra signs a property management service agreement for Le Isole in Italy (PT/IT)

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.

Le Isole

Le Isole shopping center.

Inaugurated in 2006 Le Isole tenant mix includes Ipercoop (with a GLA of 13,350 m²), Lindt, Carpisa, Limoni, Yamamay, Benetton, OVS Industry and Sisley. Sonae Sierra aims at further improving the tenant mix of the shopping center, which serves a catchment area of 148,000 inhabitants. Le Isole is located in a strategic position, very close to A-26 motorway and about 40 km from Switzerland.

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

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