Shopping centres have a wave of acquisitions, with 15 assets and R$ 3.5 billion in business

A survey carried out by Valor shows that, since the third quarter of 2021, 15 projects have been sold or are in the process of negotiation.

Some companies aim to reduce leverage, and others see opportunities

06/02/2022

Large and medium-sized shopping centers in the country have been changing owners in recent months, in a movement much more related to the need for groups to reduce leverage, and the emergence of opportunity assets in recent months, than the current recovery of the sector. It is a common scenario in post-economic crises and high-interest periods signaling that, when market conditions improve, new larger negotiations can be “unlocked”, say companies and associations heard.

A survey carried out by Valor shows that, since the third quarter of 2021, 15 projects have been sold or are in the process of negotiation. Based on the values announced by the companies in the transactions and verified with sources close to the agreements, there are just over R$ 3.5 billion in assets changing ownership (including debt). The amounts are around R$ 2.9 billion in transactions from October onwards when discounting outstanding debts.

Read the full story (in Portuguese).

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