MRV’s Luggo expands its focus with malls

The two parties are interested in expanding the agreement to other ventures.

MRV & Co’s rental company will build and manage an 18-storey building at the parking lot of Galleria Shopping in Campinas

03/10/2021

A company specialised in income, with a residential rental, from the mining group of the MRV&Co construction company, Luggo is developing a new business front: a partnership with shopping centre companies. The first deal was closed with Iguatemi Empresa de Shopping Centers for the construction and management by Luggo of an 18-storey building at the parking lot of Galleria Shopping in Campinas. The two parties are interested in expanding the agreement to other ventures.

For Luggo, partnerships like this make it possible to speed up its expansion in locations with strong potential for residential leasing, as they offer residents the options of commerce, services and entertainment in the complex’s shopping centre. Iguatemi finds in this type of association a destination for part of the remaining spaces it has on the land of the developments and generating a natural flow of circulation of people to its shopping centres.

Source: Valor Econômico

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