Porto, Portugal, May 26, 2026 (Lusa) - Portugal's Sonae Sierra, a multinational property company, recorded a comparable profit of €109.8 million in 2025, up 12.9% on 2024, the Sonae Group announced on Tuesday.
"At the end of 2025, Sonae Sierra managed assets worth €6.9 billion globally, with a comparable net profit of €109.8 million, an increase of 12.9% compared to 2024," the company said.
In 2025, the group’s shopping centre specialist also reported a 4.6% increase in tenant sales and an occupancy rate of 99.1% in Europe.
Sonae Sierra highlighted that in 2025 it strengthened its positioning as an integrated real estate platform, combining organic growth with strategic expansion.
"This positioning translates into a business model that combines the management and enhancement of shopping centres with investment management, property development, focused on the residential segment, and the provision of services for various asset classes," it said.
Through this approach, Sierra emphasised that it operates across the entire real estate value chain, from the conception of investment strategies to design, development and operational management, which has enabled it to evolve from a focus on shopping centres to an integrated real estate platform.
In its 2025 Economic, Environmental and Social Report (EES Report), Sonae Sierra described 2025 as one of the most successful years in its corporate history, despite a challenging market environment.
The company highlighted the acquisition of Unibail-Rodamco-Westfield’s real estate management business in Germany, which enabled it to expand its scale and strengthen its presence in one of Europe’s largest markets.
With this transaction, Sierra now manages over 560 assets, totalling around 3.3 million square metres of gross lettable area.
Another significant development noted was the launch of an open-ended real estate investment fund targeted at retail investors, established in partnership with 'Crédito Agrícola' banking group, reinforcing Sonae Sierra’s focus on high-quality, long-term investment solutions.
The residential segment is identified as one of the company’s main drivers of future growth: “The Republic 5 project in Lisbon was completed in 2025, with the residential component sold out within a short period and several floors of the office section already occupied, whilst the development of the Pulse Lisboa project, comprising 40 residential units, is progressing rapidly,” it noted.
In expanding its residential pipeline, Sonae Sierra also highlighted the development of its build-to-rent strategy, with a project in Porto, comprising around 200 residential units.
Quoted in a press release, Sonae Sierra’s CEO, Fernando Guedes de Oliveira, said that throughout 2025, the company has strengthened its focus on its core business while expanding its platform across the retail and residential segments, consolidating its position as an integrated real estate platform.
PD/MYAL // ADB.
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