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

BR Malls sells stake in Brazilian mall for 166M reais

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


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.