Sonae Sierra, Norges Bank buy Spain mall portfolio valued at about EUR 1.5 billion

• Sonae subsidiary Sonae Sierra partnered with Norges Bank Investment Management to buy eight Spanish shopping centers valued at about EUR 1.5 billion.
• NBIM will take 92% for about EUR 1.4 billion; Sonae Sierra will buy 8% for EUR 120 million.
• Sonae Sierra will manage the portfolio; it will also buy the platform managing the centers plus third-party assets, adding over 750,000 sq m in Spain.
• Closing is expected before the end of Q1 2027, subject to customary conditions and regulatory approvals.

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