As disclosed and verified by REsource, Brookfield’s stakes are around 50.1% in Higienópolis and 55.9% in Paulista. These assets have appreciated due to their location and high-income visitor traffic, making them “crown jewels” in the mall market.

Pátio Paulista, spanning 41,000 m², houses stores such as Adidas, Calvin Klein, Camicado, Riachuelo, Chanel, and Decolar, among others. It also offers services including cinema, a food court, gym, currency exchange, clinics, beauty salons, and more. Its location at Rua Treze de Maio/Avenida Paulista is one of the key factors making it attractive to investors. The property underwent an expansion in 2017.

Pátio Higienópolis is located near Avenida Angélica in the Higienópolis neighborhood. It features stores like Chanel, BOSS, Diesel, MAC, as well as a theater, cinema, and food court.

The acquisition is seen as a natural move for Iguatemi, which has a strong presence in the high-end sector and already manages Pátio Higienópolis, where it holds an 11.5% stake. This positioning is reinforced by the BB Premium Malls (BBIG11) fund, created to facilitate shopping mall acquisitions in partnership with Iguatemi. The fund raised R$990 million in the first half of 2024 and recently led the purchase of RioSul, another mall sold by Brookfield in Rio de Janeiro.