Portuguese shopping centre specialist Sonae Sierra saw net profit surge 116% to EUR 14.9 mln in Q3 2010 compared to the same period last year. The increase was mainly driven by a 42% rise in direct results following additions to the portfolio. These included LOOP5 in Germany and Manauara Shopping
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
