According to Sonae Sierra, in the scope of this acquisition, Ocidental will hold a majority stake in the assets, and Sonae Sierra will be responsible for the management of the two shopping centers.
Fernando Guedes de Oliveira, CEO of Sonae Sierra, said in a statement that "we are very pleased with this partnership, which we hope will not be exhausted in this business and may continue if future opportunities arise, and in the interest of both parties. Sonae Sierra will maintain a proactive management of the two shopping centers, enhancing value creation and contributing to the partnership's goals.”
On the one hand, Nelson Machado, CEO Bancassurance, Life and Pensions Executive Committee of Ageas Portugal, points out that "it targets the property acquisition with the aim of having a diversified asset, which fits into our strategy of acquisitions. This is an investment, with the guidance of AG Real Estate, which allows Ocidental to obtain a majority position on these two assets, being its management to the responsibility of our partner Sonae Sierra”.
With more than 28,250 m², MaiaShopping has a total of 90 stores, while GuimarãeShopping has 100 stores distributed in 28,819 m².