ABC Money
Home

Sonae Sierra, ING Real Estate plan to invest 31 mln eur on Colombo mall


Published : Fri, 14 Sep 2007 12:41
By : Agencies
Print this Story

AddThis Social Bookmark Button

LISBON (Thomson Financial) - Sonae Sierra, the real estate unit of Sonae SGPS, said it plans to invest 31 mln eur in renovating its Lisbon flagship, Colombo shopping centre, which it owns in a joint venture with ING Real Estate.

In a statement, the company said the renovation works will be completed by November 2008.

Sonae Sierra said Colombo is worth 816.5 mln eur on the open market. Last year, it attracted 26 mln visitors who spent a total of 451.6 mln eur in its shops.

The shopping centre was opened in 1997, with an initial investment of 380 mln eur.

chico.laxmidas@thomson.com

lm/ejb

COPYRIGHT

Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

Share on


 You Might Like
Sonae Sierra says another mall in Germany to follow 290 mln eur Berlin opening
Sonae Sierra opens 290 mln eur shopping centre in Berlin - report
+
Sonae Sierra property portfolio valued at 6.27 bln eur as of June 2007

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8280.74
-223.32 ( -2.63 %)
NASDAQ
1796.52
-49.20 ( -2.70 %)
FTSE 100
4236.28
+2.01 ( 0.05 %)

SYMBOL ( 2009-07-03 )
LAST
CHANGE
BRITISH AMERICAN TOBACCO ( 12:07pm )
1718.47
+33.47 ( 1.98 %)
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
REED ELSEVIER ( 11:35am )
457.25
+17.25 ( 3.89 %)
CARNIVAL ( 11:35am )
1625.00
+15.00 ( 0.93 %)
IMPERIAL TOBACCO ( 11:38am )
1579.21
+14.21 ( 0.91 %)

SYMBOL ( 2009-07-02 )
LAST
CHANGE
AMERICAN INTERNATIONAL GROUP INC ( 4:15pm )
18.25
+0.17 ( 0.95 %)
GENERAL MOTORS ( 3:39pm )
0.80
+0.05 ( 9.80 %)
CITIGROUP INC ( 4:17pm )
2.88
-0.09 ( -3.06 %)
COCA COLA CO ( 4:16pm )
48.88
-0.30 ( -0.62 %)
INTEL CP ( 4:00pm )
16.72
-0.32 ( -1.90 %)

SYMBOL ( 2009-07-02 )
LAST
CHANGE
ISRAMCO INC ( 4:00pm )
120.25
+5.26 ( 4.57 %)
NOBILITY HOMES INC ( 3:58pm )
11.44
+3.14 ( 38.06 %)
NOVATEL INC ( 3:26pm )
38.80
+2.76 ( 7.65 %)
COMM BANCORP INC ( 9:34am )
40.00
+2.75 ( 6.88 %)
VERTICALNET INC ( 1:22pm )
7.10
+2.14 ( 40.76 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!

 Finance Explained

Money making ideas

Save money
Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.