The agreement was signed between JHSF Malls and the XP Malls real estate fund (XPML11) in October 2018. At the time, JHSF sold to XP Malls five minority stakes in mall assets for approximately R$650 million. In addition to 30% of CJ Shops, the company sold 16.99% of Shopping Cidade Jardim, 32% of Catarina Fashion Outlet, 49% of SPE (specific purpose company) with a stake in Shopping Bela Vista and 49.99% of the SPE with investment in Shopping Ponta Negra.

The 2018 agreement also included the acquisition by JHSF of approximately R$ 110 million in XP Malls shares.

CJ Shops is located in the Jardins district of São Paulo. Inaugurated at the end of last year, the development has approximately 6,000 square metres of GLA (gross leasable area) and is divided into 68 stores.