The investment in CascaiShopping was of €14 million, as a result of the need for a deep intervention to grant the shopping with a more contemporary image in line with a new lifestyle, preserving its original identity. It has 198 stores and an occupancy rate of 99.5%, relying on the new Flying Tiger and Rima stationery.
In Vasco da Gama, the works involved an investment of €12 million in improving the quality of the experience of visiting the shopping. Here it was applied a new concept of architecture and design inspired by the travels of large cruise ships. The 2nd floor food court now features a lounge terrace and more seats. The 3rd floor terrace has also been renovated, as well as other common areas and a car park. In the process, 18 new stores opened, the shopping has now 165 stores and a 100% occupation rate.
Fernando Guedes de Oliveira, CEO of Sonae Sierra, said in a statement that "investment in renovation projects in the shopping centers we run is a proof of the commitment we make in the growing valuation of our portfolio". He believes that this is a way to "meet the most current trends in order to keep the centers attractive, differentiators and modern for visitors and shopkeepers, increasing the quality of assets and the experience of visiting."