Center Norte carries out expansion worth R$ 120 million
- The total amount will be split between the two properties, with R$100 million allocated to the Center Norte expansion project and R$20 million to the Lar Center.
The contribution is part of planning the neighbourhood "Cidade Center Norte", led by the Baumgart group, which owns the project. Anyone walking or driving past the shopping centre parking lot can see the work in progress.
Center Norte will get a 10% increase in GLA (Gross Leasable Area) and 30 more stores, as well as parking lots and open areas.The Lar Center, aimed at household items, furniture, decoration and design, should receive reinforcement in gastronomy with the arrival of brands such as Pobre Juan and Paris 6. The works are expected to be finished by September next year.
Shopping Center Norte, delivered in 1984, was the first in the north of the city. It currently has 66,095 sq metres of GLA and more than 300 stores, with tenants such as Renner, C&A, Centauro and others. According to the GROCS platform, it is ranked B, and today, its occupancy rate is above 95%.Lar Center, a class B project delivered in 1987, has 51,168 sq metres of GLA and over 100 stores.
Did you know that SiiLA also has a complete solution to get data and analysis from shopping centres throughout Brazil? Learn more about GROCS.
