Footfall across the portfolio increased by 1% year-on-year, while tenant sales rose by more than 6%, indicating stable consumer demand despite a challenging retail environment.
“The positive key figures show that we are managing a very high-performing and stable portfolio in Germany. We will continue to keep all centers on a successful trajectory in line with the owners’ business objectives, manage them in a value-creating manner and further unlock their potential. The positive development of the locations once again confirms that the acquisition of the management division was the right step in implementing our expansion strategy and establishing a leading market position.”
Christine Hager, Director Property Management Germany and member of the management board at Sonae Sierra
Of the total leasing volume, around 35,000 sqm related to 172 new leases, while approximately 73,400 sqm resulted from 188 renewals. With these figures, the portfolio ranks among the stronger-performing third-party managed center portfolios in Germany.
Following the acquisition of REM, the management arm of Unibail-Rodamco-Westfield, in October 2025, Sonae Sierra became the second-largest manager of third-party-owned shopping centers in Germany. The company now oversees 19 centers nationwide, totaling around 1 million sq m of gross leasable area and attracting more than 130 million visitors annually.
“Our locations are attractive to retailers and in strong demand. Our innovative leasing concepts, combined with experience and creativity in developing tailored solutions for tenants and owners, have led to these leasing results. We will continue to enhance the quality of stay in the centers through strong tenant and usage concepts, thereby creating added value for tenants, owners and customers.”
Dirk von der Ahé, Head of Leasing Germany at Sonae Sierra
