Christmas came early for Brookfield. The multinational real estate company has sold the Pátio Higienópolis and Pátio Paulista shopping malls for R$2.5 billion. The buyers include Iguatemi, a shopping mall owner and operator, and four investment funds. 

According to the memorandum of understanding, 70% of the R$2.5 billion will be paid upfront, with the remaining 30% split into two annual installments.

The announcement was made via a memorandum issued by Iguatemi, revealing the deal involves both Iguatemi and the BB Premium Malls fund (BBIG11). Additionally, funds from Capitânia, XP Investimentos, and BTG Pactual are participating, though their identities have not been fully disclosed. 

In another statement, BB Premium Malls confirmed that BBIG11 will contribute R$800 million, securing ownership stakes of 16.5% in Shopping Pátio Higienópolis and 16.7% in Pátio Paulista. 

When contacted by REsource, Iguatemi stated it would not provide further details beyond the public disclosures. BB Premium Malls, Capitânia, XP, and BTG did not respond by the time of publication.