BR Malls signs an agreement for the sale of Campinas Shopping
- The transaction is still subject to approval by the Administrative Council for Defense and Economics – CADE.
By: SiiLA News
BR Malls released a press release to the market on Thursday (22), informing that it has signed an agreement for the sale of Campinas Shopping, in Campinas (SP), to the Vinci Shopping Centers FII, XP Malls FII funds and Malls Brasil Plural FII for R$411.4 million.
In the statement, BR Malls highlights that the agreement reinforces the company's objective of seeking ways to create value for its shareholders. The transaction is still subject to approval by the Administrative Council for Defense and Economics – CADE.
According to the SiiLA database, available on the Market Analytics platform, Campinas Shopping was delivered in 1994 with a total private area of 34,566 sq metres. The property is classified as a class B and has occupants such as Renner, Centauro and other major brands.
