FII HGBS11 signs memorandum to acquire a 20% stake in ParkShopping São Caetano for R$ 237 million

The stabilized cap rate of the transaction was approximately 7.96%

Gustavo Tanganelli, partner at Hedge Investments

By: SiiLA News

11/19/2025

Last Friday (14), Hedge Investments announced through a material fact that its investment fund, Hedge Brasil Shopping (HGBS11), signed a memorandum of understanding (MOU) to acquire a 20% stake in ParkShopping São Caetano for R$ 237 million. The asset is currently fully owned by Multiplan.

The statement indicates that payment will be made in three installments: 50% upon closing of the contract and two equal installments of 25% each. The installments will be adjusted by the IPCA inflation index, and this adjustment becomes effective as of the signing of the MOU.

For the transaction to be completed, two conditions must be met: the final review of the definitive contractual documents and approval by the Administrative Council for Economic Defense (CADE).

The stabilized cap rate of the transaction was approximately 7.96%.

ParkShopping São Caetano

By SiiLA

With a total area of 57.8 thousand m² and a GLA of 39.2 thousand m², this Class B development offers 2,450 uncovered parking spaces. The asset currently has an occupancy rate of 96.7%.

The mall features 252 stores, including 236 satellite stores, 10 anchor stores, and 4 megastores. Among its main tenants are Zara, Livraria da Vila, Riachuelo, Fast Shop, and C&A. In addition, it includes 7 movie theaters, a food court, and a gaming area.

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