trending Market Intelligence /marketintelligence/en/news-insights/trending/EPiWY48j2PKXymzaGa3DmA2 content esgSubNav
In This List

BR Malls sells stake in Brazilian mall for 166M reais

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


BR Malls sells stake in Brazilian mall for 166M reais

BR Malls Participações SA divested its 50% interest in Natal Shopping, based in Brazil's Natal city, for 166.3 million Brazilian reais.

The deal, expected to wrap up March 6, 2018, represents a post-tax cap rate of 8.7%.

It is BR Malls' fourth mall divestment in 2017 and aligns with its portfolio recycling strategy. The company intends to reinvest the proceeds in investments, according to a release.

As of Dec. 20, US$1 was equivalent to about 3.29 Brazilian reais.