Allos Asset Swap Boosts Mall Portfolio Value Per Square Meter
- Manager says acquired assets show sales per square meter 20% higher than divested malls
Allos announced this week the signing of a series of MOUs (Memorandums of Understanding) for transactions involving five shopping malls. The asset manager plans to divest its stake in Shopping Curitiba while increasing its ownership in Amazonas Shopping and swapping part of its stake in Shopping Taboão for interests in Shopping Campo Grande and Shopping Villagio Caxias do Sul.
According to a material fact filing released by the company, the performance of the acquired malls exceeds by 20% the average sales value per square meter of the assets being divested.
Allos sold its 49% stake in Shopping Curitiba for BRL 193.7 million to Grupo Soifer, which will pay 50% of the amount in cash upon closing, and to Pátria Malls (PMLL11), which will settle 28% either in cash or through the subscription of its own fund units. The payment structure will be defined by the fund at a later stage.
...
Stakes before and after the transactions
Subscriber? Sign In
