Company Profile

We are the largest company in Brazil's shopping mall sector in terms of total gross leasable area, owned gross leasable area and number of malls.We are also the country's largest suppliers of mall management services, as well as leasing and merchandising services.

 

We ended 2011 with 45 malls in our portfolio, comprising 1,433.5 thousand m² of total GLA and 798.2 thousand m² of owned GLA, with more than 8,000 stores leased and tenant sales of R$16.1 billion. Our average share of our malls is 55.7% in terms of GLA. Our top 19 malls in terms of NOI account for 80.0% of total NOI and our average share of these malls is 76.3%.

Our portfolio is strategically diversified according to the income levels and geographic position. Our highest concentration of NOI comes from the middle-income group. Brazil's emerging middle class has grown rapidly in recent years and should continue to accompany the strong growth of the country's economy.

 

 

Services

BRMALLS ended 2011 providing leasing services to 37 malls in our portfolio and management services to 34, while 32 are serviced by the CSC (shared service center) out of our total of 45 malls. BRMALLS manages and/or leases all of its top 19 malls.