Sonae Retail Properties, (Sonae RP), was created in 2009 with the objective of optimising the management of retail real estate portfolio, in line with Sonae’s main strategic guidelines, in support of the growth of our retail businesses. This work is carried out by a dynamic team that thoroughly seeks to develop organisational competencies and productivity gains as much as excellence in the management and valuation of our portfolio. Sonae RP has already developed solid competencies in the market and is respected by all major national and international investors.
Sonae RP’s main activities include:
Asset Management and valuation of real estate portfolio:
At the end of 2011, Sonae RP’s real estate assets gross book value was circa 1.7 billion euros, comprising a land bank, office buildings, warehouses and retail stores. Of the total number of stores, 129 are operated under the brand Continente and represent 20% of the total sales area of modern food retail in Portugal;
Property Management:
Sonae RP manages over 100 small commercial centres, all integrating a Continente store as a main anchor. The management model is based on:
i) the commercial deployment of the retail spaces and the management of the lease agreements in centres owned by Sonae RP;
ii) the management of the centres whose ownership is shared with third parties, performed in a close relationship with tenants and owners, always seeking the best interest of the common objectives. To learn more about our commercial areas click here;
Management of Real Estate Funds (via its subsidiary Sonaegest):
i) Fundo Imosede, a close-ended real estate fund, which comprises a portfolio of assets (industrial and logistics) located in Maia;
ii) Fundo Imosonae Dois, a special close-ended real estate fund investing mainly in commercial assets leased to Sonae’s Retail brands located in national territory;
iii) Fundo WTC, a special close-ended real estate fund, which owns a hotel and an office building, located in Porto.
As at 31 December 2011, the net global value of the three Funds was 429.8 million euros.
Contacts:
If you wish to contact Sonae RP, please e-mail us to sonaerp@sonae.pt or call us on +351 222 454 222.