[DEMO] Sonae Sierra invests €16 million in LouresShopping

Demonstration content. Text adapted from the Gaia Urban Observatory, with place names swapped. It does not describe real facts or data about the municipality of Loures.

LouresShopping is undergoing “a profound transformation,” explains Ricardo Vilaça Pereira, Asset Manager at Sonae Sierra, in statements to Jornal de Negócios. From the facades to the parking lots, including the interior corridors and food court, Sonae Sierra, the real estate arm of the Sonae universe, will invest €16 million in the expansion and complete renovation of this shopping center.

Of the 139 existing stores, more than 20 will feature new commercial concepts, which will strengthen and diversify the shopping center's offering. One of the main new features will be the arrival of Primark, the Irish affordable fashion chain. The new store will take on the role of anchor in the “new” LouresShopping, which is committed to attracting brands with strong consumer appeal.

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Image credits: © Facebook Loures Shopping (seen on Viva Porto)