Recently, XP Malls announced that it has concluded the sale of 10% of its participation in the Catarina Fashion Outlet, located in the city of São Roque (SP).

The total value of the transaction was R$ 97.5 million. However, R$ 32.2 million was paid upfront last week, while R$ 23.05 million will be paid in six months.

However, there will still be a third and fourth installment of R$ 13.8 million, to be paid in 12 and 18 months, and R$ 9.22 million will be paid in 24 months.

Catarina Fashion Outlet is a class A asset, delivered in 2014, with 29,529 m² of GLA (Gross Leasable Area).

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