Connect DIRECTLY to Brazilian Sellers, Buyers, Agents & Developers
Select Language:

Westfield make £286mn investment in Brazil

Date added: 10th August, 2011 at 10:24
(view all articles from August, 2011)

Categories: Economy

The Westfield Group, a global mall chain, has made a 740 million reais (£286 million) investment in Brazil.

It has bought a 50 per cent stake in Almeida Junior Shopping Centers, which will be rebranded as Westfield Almeida Junior Shopping Centers.

Five malls in southern Brazil will be owned and managed by the new partnership, while two more are currently in development and the firm is already in charge of three facilities in Santa Catarina state.

Commercial property in Florianopolis is to be leased by the group by 2012, with Westfield noting this area is home to a people with higher incomes.

It was also highlighted that Brazil's economy is growing quickly and retail sales are up, with a 110 million individuals now identified as middle class or wealthier.

Indeed, the country's statistics office recently revealed that shopping transactions increased by 0.6 per cent in May.

"The underlying characteristics of the Brazilian market combined with a strong and diversified local retailer base and growing consumer spending makes Brazil a strategic long term growth opportunity for the Group," Steve Lowry, co-chief executive officer of Westfield said.

PropertyinBrasil.com for Brazilian Property Investments - Connecting you DIRECTLY to the Property Seller; Brazilian Developer | Owner or the Selling Agent!!

Transfer Money to Brazilian Real | Send Money to Brazil

Related Articles

Brazilian government looks to improve real estate funds

The Brazilian government is taking steps to make investing in real estate in Rio de Janeiro and other parts of the country more attractive....

Date added: 8th August, 2011 at 10:21
(view all articles from August, 2011)

read more >

Kirin makes £1.5bn investment in Brazil

Japanese beer company Kirin has made an investment in Brazil of 3.95 billion reais (£1.5 billion) to acquire local company Aleadri-Schinni in order to secure a majority stake in drinks producer Schincariol Group....

Date added: 2nd August, 2011 at 10:16
(view all articles from August, 2011)

read more >

Brazilian property 'a good investment opportunity'

The Brazilian property market is presenting good opportunities for investment, it has been argued....

Date added: 28th July, 2011 at 10:43
(view all articles from July, 2011)

read more >
View News By Category: Apartments (7)Economy (488)Florianopolis (18)Fortaleza (43)Hotels (51)Islands (8)Joao Pessoa (6)Land (1)Natal (49)Natural Resources (208)Olympics 2016 (39)Property News (248)Rio (64)Salvador (60)Social and Affordable Housing in Brazil (26)Tourism (166)Villas (36)World Cup 2014 (35)
Archived News: August 2011 (13)July 2011 (26)June 2011 (28)May 2011 (26)April 2011 (24)March 2011 (26)February 2011 (26)January 2011 (26)November 2010 (22)October 2010 (26)September 2010 (26)August 2010 (26)July 2010 (26)June 2010 (29)May 2010 (26)April 2010 (26)March 2010 (27)February 2010 (26)January 2010 (27)December 2009 (25)November 2009 (27)October 2009 (26)September 2009 (26)August 2009 (26)July 2009 (26)June 2009 (25)May 2009 (26)April 2009 (26)March 2009 (26)February 2009 (26)January 2009 (26)December 2008 (26)November 2008 (27)October 2008 (24)September 2008 (29)August 2008 (26)July 2008 (39)June 2008 (31)May 2008 (28)April 2008 (29)March 2008 (3)