Sonae Sierra posted a net profit of €96.3m in 2014, up from €3.6m the previous year. The shopping center developer reported a 3.3-percent like-for-like increase in sales by tenants in its European portfolio in 2014. The portfolio’s occupancy rate hit 95.5 percent, slightly higher than the 94.4-percent rate posted in 2013.
The company is continuing to expand on those markets where it is already present as well as on new ones.
