BRMALLS Increases Its Ownership Interest in Shopping Center Sao Luis
RIO DE JANEIRO, Brazil, May 6 /PRNewswire-FirstCall/ — BRMALLS
Participacoes S.A. (Bovespa: BRML3), the largest integrated shopping mall
company in Brazil, announces the acquisition, through one of its
subsidiaries, of an indirect interest of 10.0% in Shopping Center Sao Luis.
Following the aforementioned acquisition, BRMALLS holds 15.0% of the
Gross Leasable Area (GLA) of Shopping Center Sao Luis.
Shopping Center Sao Luis is located in the city of Sao Luis, state of
Maranhao. The mall has 34,000 m(2) of GLA and 115 stores.
After the above mentioned acquisition, BRMALLS increased its owned GLA
from 376.8 thousand m(2) to 380.2 thousand m(2), holding ownership interest
in 31 Shopping Malls, and maintaining a total GLA of 909.2 thousand m(2).
For further information please access: http://www.brmalls.com.br/ir
About BRMALLS
BRMALLS Participacoes S.A is the largest integrated shopping mall
company in Brazil, with a portfolio of 31 malls, comprising 909.2 thousand
m(2) of gross leasable area (GLA) and 380.2 thousand m(2) of owned GLA.
BRMALLS is the only shopping mall company in Brazil with a nationwide
presence and caters to all income segments.
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Source: Real Estate Newswire