Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
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May<br />
• <strong>Sonae</strong> <strong>Sierra</strong> distinguished at the European Risk Management Awards <strong>2009</strong>, an initiative of the British<br />
magazine "Strategic Risk", which rewards the best and most innovative actions in the risk management<br />
area. This distinction, in the "Best Risk Training Programme" category, acknowledges <strong>Sonae</strong> <strong>Sierra</strong>'s bet<br />
on the development of a Safety & Health culture across the whole company and its shopping centres,<br />
namely through the PERSONÆ Project. This distinction is the result of a rigorous selection process<br />
carried out by the jury panel of "Strategic Risk", composed by 20 of the most important and prominent<br />
scholars and professional of the risk management area in some of the most important multinational<br />
companies. <strong>Sonae</strong> <strong>Sierra</strong> was also nominated in the "Best Risk Communication of the Year" and "Best<br />
Lost Control Strategy of the Year" categories.<br />
• <strong>Sonae</strong> <strong>Sierra</strong> and Foncière Euris announced that the LOOP5 centre in Weiterstadt, Germany, will open<br />
on October 9, <strong>2009</strong>. The large-scale themed centre, whose motto is the world of aviation has a gross<br />
lettable area (GLA) of 56,500 m2 with an attractive tenant mix comprising 177 shops and restaurants<br />
made up of leading international and national brands as well as local tenants. Owned and developed by<br />
<strong>Sonae</strong> <strong>Sierra</strong> (50%) and Foncière Euris (50%) the LOOP5 shopping centre represents an investment of<br />
€ 265 million and will create 1,000 jobs.<br />
June<br />
• <strong>Sonae</strong> <strong>Sierra</strong> presented the expansion project for GuimarãeShopping, in Guimarães, Portugal. To<br />
celebrate its 14th birthday, GuimarãeShopping will benefit from an expansion, representing an<br />
investment of 15.2 million euros. After the expansion, the centre will have an extra 4,000 m2 of Gross<br />
Lettable Area (GLA), for a new total of 31,500 m2 and will feature a total of 113 shops and 16<br />
restaurants, with 14 new shops and 6 new restaurants, including a new FNAC, which up until now didn't<br />
have any stores in the city.<br />
• <strong>Sonae</strong> <strong>Sierra</strong> designated as the manager of a third-party centre in Portugal. Inaugurated on the 5 th of<br />
June and located in Tavira, the "Tavira Gran Plaza" centre has a Gross Lettable Area (GLA) of 26,732<br />
m2 and 110 shops, representing an investment of 55 million by its promoter. <strong>Sonae</strong> <strong>Sierra</strong> will leverage<br />
its centre management know-how in a geographical area where it has no competing property of its own.<br />
July<br />
• <strong>Sonae</strong> <strong>Sierra</strong>, an international specialist in shopping centres, won the “Promoter of the Year” prize for<br />
the second consecutive year. Part of the “Prémios Construir 2008”, the prizes are issued by the “Jornal<br />
Construir”, a specialized publication for the real estate sector and distinguish the best players in areas<br />
like Architecture, Engineering, Constructions and Real Estate.<br />
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