Acquisitions in São Paulo add to Riosul and total about R $ 4 billion; The 3 projects are part of the group of the 8 largest in the company’s revenue generation
It announced it in April the conclusion of the purchase of 29% of Shopping Pátio Higienópolis and 11.5% of Patio Paulista, in São Paulo. The operations add to the purchase of Riosul, in Rio, finalized in 2024, and end the company’s portfolio expansion program that totaled acquisitions of about R $ 4 billion.
The deal was attended by investors such as BB Asset Management, BBIG11, XP, Capitania Investments, Funcef, Braz and Combrashop. In December 2024, Iguatemi Participações in São Paulo malls for R $ 2.58 billion. The company will be responsible for the administration of the 2 developments. Read the statement to the market, released on April 15 (PDF – 482 KB).
Now, the 3 shopping malls (patio Higienópolis, Patio Paulista and Riosul) join the group of the 8 largest in Iguatemi revenue generation, with annual revenues close to R $ 200 million. They are also among the 5 most productive in the portfolio, behind only Iguatemi São Paulo and JK Iguatemi.
To preserve the financial structure, Iguatemi also announced divestments of almost $ 1 billion and said it does not intend to raise the leverage. The company said the negotiations were the result of an 18 -month work.
Through his profile at Linkedin, the vice president of the Board of Directors, said on Monday (28.br.2025) that the company intends to apply to new malls “Standards of Excellence” Operational, design, events, content and curatorship of stores.
