BTG Pactual and Aliansce founder to invest in shopping malls in Portugal

The merger of brMalls with Aliansce was recently approved, forming the largest conglomerate of shopping malls in Latin America when the business combination is completed.

Alongside the founder of Aliansce, BTG plans to launch a fund through which the initial projection is to raise R$ 400 million

By: SiiLA News

12/06/2022

Last week, the Neofeed portal reported that the bank BTG Pactual and Renato Rique, founder of Aliansce, are interested in investing in Portuguese shopping malls.

Alongside the founder of Aliansce, BTG plans to launch a fund through which the initial projection is to raise R$ 400 million. The partnership initially provides for investment in small and medium-sized shopping malls in smaller cities in the country. BTG and Rique forecast a total investment of R$ 700 million in the first phase.

The merger of brMalls with Aliansce was recently approved, forming the largest conglomerate of shopping malls in Latin America when the business combination is completed. In Portugal, the assets targeted by the partnership's investments are at 98% occupancy, according to Rique. In the executive's view, optimizing spaces and bringing more profitability is still possible.

BTG has been present in Portugal since 2020 and already has more than R$ 15 billion in assets under management. The bank also revealed to Neofeed plans to open an office in Madrid, Spain. The projection is that the Spanish operation will start in the first quarter of next year.

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