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XP MALLS announces sale of a portion of Caxias Shopping
- Caxias Shopping is one of the 17 developments in XPML11
By: SiiLA News
12/18/2023 Last Wednesday (14), XP Asset's shopping mall fund, the investment arm of XP Investimentos, XP MALLS (XPML11), announced the sale of 17.5% of Caxias Shopping, located in Duque de Caxias, Rio de Janeiro, for R$ 70 million.
Previously, XP MALLS held 35% of the shopping center, equivalent to about 9,661 m² of the total 27,605 m². With this sale, the fund now owns 17.5%, corresponding to 4,830 m² of the development.
XP Fund had acquired the 35% stake in the asset in 2017 from ALLOS, which still holds the remaining 65%. The transactions took place in two phases, one for R$ 35.5 million and the other for R$ 37.07 million, totaling approximately R$ 72.5 million.
Caxias Shopping, according to SiiLA data, is classified as a Class B development and has an occupancy rate of 97.90%, surpassing the national average for other assets in the same category, which is 88.67%.
XP MALLS
XP MALLS (XPML11) has 17 assets in its portfolio, with a vacancy rate of 4.1%, according to FII Data Professional. According to the latest management report, the fund has a market value of R$ 3.4 billion and 30,000 shares. Among the shopping centers that make up the fund are:
- Catarina Fashion Outlet
- Shopping Cidade Jardim
- Internacional Shopping
- Shopping Cidade São Paulo
- Plaza Sul Shopping
- Santana Parque Shopping
- CJ Shops Jardins
- Campinas Shopping
- DownTown
- Via Parque Shopping
- Caxias Shopping
- Shopping Bela Vista
- Shopping da Bahia
- Natal Shopping
- Shopping Estação BH
- Shopping Ponta Negra
- Praia de Belas Shopping Center
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