BR Expands Reach

BR Expands Reach

Brazil M&A

BR Properties has acquired a portfolio of commercial properties, comprised of 29 retail stores and 4 office buildings, for BRL477.2m. Banco Ourinvest, a Brazil-based commercial bank, is the seller. “With this acquisition, BR Properties marks its entry into the segment of street and shopping mall retail stores, in line with its original business plan,” says the buyer. The portfolio has a total of 122,146 sqm of gross leasable area, and is 99.56% leased. The retail stores are leased prim

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