brMalls concludes sale of Campinas Shopping

The amount paid for the transaction was R$411.4 million in cash.

Campinas Shopping

By: SiiLA News

12/12/2022

Recently, the shopping center manager brMalls announced that it had completed the sale of its entire stake in Campinas Shopping, located in Campinas (SP). This means that the company has transferred the asset to other owners.

Three funds are now sharing the real estate: Vinci Shopping Centers FII (55%), XP Malls FII (25%), and Malls Brasil Plural FII (20%). The sale agreement was announced back in September here at SiiLA REsource.

The amount paid for the transaction was R$411.4 million in cash. Delivered in 1994, Campinas Shopping has 34,566 sq meters of Gross Leasable Area, with an occupancy rate exceeding 94%.

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