Meanwhile, in São Paulo, Shopping Pátio Higienópolis also grabbed attention. Last Friday (29), Iguatemi PPPH signed a binding agreement with the RBR Malls REIT for the sale of a 7% stake in the asset, for R$ 169.9 million.

For RBR, the acquisition represents a strategic move. In an interview with REsource, Franklin Tanioka, partner at the firm and part of the Properties team, highlighted:

“The acquisition of a mature and dominant shopping mall with real appreciation potential in the medium and long term perfectly fits the firm’s current investment thesis. It’s an irreplicable development, with one of the highest returns per square meter in Brazil, operated by a top-tier partner (Iguatemi).”

RBR also stressed that the purchase opens room for increasing its stake in future negotiations at the development and that it continues to evaluate acquisitions of other “first-class” assets in the sector.

The sale to RBR Malls comes in parallel with major acquisitions recently made by Iguatemi itself. In recent months, the company disbursed R$ 697.3 million to increase its stakes in two high-end assets: an additional 17.4% of Pátio Higienópolis and 11.5% of Pátio Paulista.

Following these operations and the 7% sale via SPE to the RBR REIT, Iguatemi consolidated a 29% ownership stake in Pátio Higienópolis. Although it may seem contradictory, the sale did not reduce its presence — quite the opposite. Previously, the stake was fragmented between direct and indirect holdings; with the reorganization, the company streamlined its corporate structure and strengthened its strategic position in the asset.

The momentum in the sector didn’t stop there. Also last week, XP Vista Asset Management announced the signing of a Memorandum of Understanding (MOU) with Riza Real Estate to create a new Real Estate Investment Fund.

The agreement provides for the sale of stakes in nine malls from the XP Malls portfolio, in a transaction valued at R$ 1.6 billion. The new fund will be managed by Riza and reinforces the trend of pursuing dominant and resilient retail assets.

👉 Read the full story here: XP Vista signs MOU with Riza Real Estate to launch new real estate fund

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