Last Thursday (12), the real estate investment fund BB Premium Malls (BBIG11) announced, through a material fact filing, the signing of a Memorandum of Understanding (MOU) for the sale of a 9% stake in Shopping Pátio Paulista, in São Paulo, for a total amount of R$ 226.9 million.

The buyers will be Iguatemi and the Shopping Pátio Paulista FII (SPP FII), with the acquisition split equally: 4.5% each.

SPP FII’s portion will be paid in full in cash at closing, while Iguatemi will pay in three installments: 70% upfront, 15% in 12 months, and the remaining 15% in 24 months, with future installments adjusted according to the DI rate variation.

If the transaction is completed, its stabilized cap rate, calculated by SiiLA’s research team, would be approximately 6.7%. REsource contacted the parties involved in the transaction for further information but has not yet received a response.