The globally operating, vertically integrated real estate firm reported an adjusted net result of €109.8 million, up 12.9 percent year on year, with assets under management reaching €6.9 billion at year-end.
Operationally, Sonae Sierra managed more than 560 assets across a total gross leasable area of 3.3 million sqm in 2025. Tenant sales in its European shopping center portfolio grew 4.6 percent, with occupancy holding steady at 99 percent.
A defining transaction of the year was the acquisition of Unibail-Rodamco-Westfield’s real estate management (REM) business in Germany. The deal significantly expanded Sonae Sierra’s property management platform in one of Europe’s most important institutional retail real estate markets, growing its German asset count from six to 18.
“2025 was one of the best years in Sonae Sierra’s history. The results show that our strategy is delivering: we are expanding, investing deliberately, and continuing to develop Sonae Sierra into a fully integrated real estate platform,” said Fernando Guedes de Oliveira, CEO of Sonae Sierra. “Going forward, we will continue to deliver strategic and operational excellence for institutional investors in Europe. Built on the solid foundation we have created, and driven by our ambitions, we are well positioned to keep creating value across all areas of our business.”
Sustainability remains a core pillar of the company’s value creation strategy, reflected in how Sierra plans and operates its assets, from urban integration and design through to operational efficiency and community impact. On-site energy generation is a key driver of this approach: 67 percent of managed investment properties are currently equipped with solar installations, which avoided 630 tonnes of CO2 emissions in 2025. This forms part of a broader decarbonization strategy that has cut Scope 1 and 2 greenhouse gas emissions per sqm by 49 percent compared to 2019, with a net-zero target set for 2040. During the reporting period, two shopping centers achieved BREEAM In-Use “Outstanding” ratings, the highest available placing them among the most sustainable assets of their kind globally.
(dp)
