Sonae Sierra to Invest in Expansion of Colombo and NorteShopping

22 May 2019Richard D. K. Turner

Sonae Sierra will invest a total of 228 million euros in the expansion of two of its shopping centres, Colombo and NorteShopping. The company plans an investment of 151 million euros the construction of a third office building and the expansion of the shopping area of ​​the Centro Colombo in Lisbon, together with another €77 million modernising Porto’s NorteShopping.

The new office tower at the Colombo shopping centre will have nine floors and 33,000 square meters, while the shopping area will increase by 10,500 m2 (GLA).

The €77 million investment in NorteShopping will increase its gross leasable area by 13,000 m2, create adding another 1,000 parking spaces. Work is expected to continue until the end of 2020.

Original Story: Idealista

Photo: Wikimedia Commons