Sonae Sierra has recently taken over the management of two shopping centers in Spain and Germany, Los Conquistadores in Badajoz, Spain, and Post Galerie in Karlsruhe, Germany, increasing its international portfolio under management.
Located in the center of the German city of Karlsruhe - one of the cities with greater purchasing power in Germany - the Post Galerie has a GLA of 26,000 m², 58 shops, and covers a market of 1.3 million potential consumers. In Germany, Sonae Sierra already owns and manages the Alexa in Berlin, and the Münster Arkaden in Münster, and is scheduled to inaugurate next Autumn the Loop5 in Weiterstadt.
Inaugurated in 1999, the Los Conquistadores in Badajoz has a GLA of 9,700 m² and 24 shops, besides a children's play park, five restaurants, eight cinemas and one supermarket. This center is now the fourth managed for different owners by Sonae Sierra in Spain.
For Pedro Caupers, Sonae Sierra's Board Member responsible for Shopping Centre Management, "the management of these two centers strengthens our presence in the Spanish and German markets, and is proof of the international acknowledgement of our ability to manage shopping centers."
In terms of property and management, Sonae Sierra currently owns twelve shopping centers in Spain: GranCasa in Zaragoza, Max Center in Bilbao, Valle Real in Santander, La Farga in Barcelona, Parque Principado in Oviedo, Dos Mares in San Javier in Murcia, Avenida M-40 in Leganés (Madrid), Luz del Tajo in Toledo, Zubiarte in Bilbao, Plaza Éboli in Pinto (Madrid), El Rosal in Ponferrada (León) and Plaza Mayor in Malaga.
Source: Sonae Sierra