Multiplan plans the Morumbi Shopping expansion for 2022, says president

According to the company's director, October should be the first month to record total sales higher than 2019.

10/29/2021

Multiplan shopping centre administrator plans to build a new expansion of MorumbiShopping, in São Paulo, in 2022, according to the company's president, José Isaac Peres, in a conference call with analysts on Thursday (28). The company already has two expansions in progress, DiamondMall, in Belo Horizonte, and ParkShoppingBarigüi, in Curitiba, which required investments of R$ 11.9 million in the third quarter.

In addition, on November 18, Multiplan is going to open a new shopping centre in the western region of Rio de Janeiro, which already has 95% of its stores. The company also has an ongoing real estate development in Porto Alegre, called Golden Lake, near Barra Shopping Sul. The project comprises seven condominiums, with an expected general sales value (PSV) of R$ 4 billion and a total estimated investment of R$2.5 billion.

Source: Valor Econômico

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