BRMalls wants to sell non-core malls.

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24 October 2017 à 10h09

Updated on 10 May 2019 à 17h37

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1 minute

Publication: 24 October 2017 à 10h09, Updated on 10 May 2019 à 17h37

Reading time: 1 minute

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Publication

24 October 2017 à 10h09

Updated on 10 May 2019 à 17h37

Reading time

1 minute

Publication: 24 October 2017 à 10h09, Updated on 10 May 2019 à 17h37

Reading time: 1 minute

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The Brazilian property developer BRMalls has identified 10 non-strategic shopping malls for sale, below analyst predictions of 16 units. Assets may be sold individually and talks are in progress for assets located in Rio de Janeiro and Salvador. In the past, BR Malls has beencriticised for buying unprofitable malls, owning more than 50. This is now reduced to investment in 44 units. In May 2017, newly appointed C.E.O. Ruy Kameyama said it would restart purchasing well-located assets and...

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