Portugal's Sonae Sierra was named best shopping centre developer of the year at the Expo Real trade fair in Munich this week. The jury of the European Property Awards 2007 said the company had been elected because of its introduction of innovative concepts in the sector. Other nominees for the award were Germany's ECE, Foruminvest of Belgium, Multi Development (the Netherlands) and Westfield (Australia).
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
