Contact Information: Contact: Antonio Quirino BRMALLS Investor Relations Work: +55 21 3138 9992 Cell: +55 21 8152 2140 BB: +55 21 9461 1404 Email: antonio.quirino@brmalls.com.br Website: www.brmalls.com.br/ir
BRMALLS Concludes the Acquisition of 100% of Shopping Metro Santa Cruz
RIO DE JANEIRO, BRAZIL--(Marketwire - October 9, 2009) - BR MALLS PARTICIPAÇÕES S.A.
(BOVESPA: BRML3), a publicly-held company with head offices at Avenida
Borges de Medeiros, 633, 1 degrees andar, in the city and state of Rio de
Janeiro, inscribed in the corporate roll of taxpayers (CNPJ) under no.
06.977.745/0001-91 ("BRMALLS"), hereby announces that on this date it
acquired 100% of the company holding the exploration rights of the Shopping
Metrô Santa Cruz mall and the exploration rights of the Shopping Metrô
Santa Cruz parking lot, through the acquisition of 95% of its shares,
previously announced on August 20, 2009, together with the acquisition, at
the same time, of the remaining 5%. The transaction totaled
R$198,000,000.00 (one hundred and ninety-eight million Brazilian Reais).
As of this date, the revenue from 100% of Shopping Metrô Santa Cruz and
from the Metrô Santa Cruz parking operation will be recognized by BRMALLS.
Shopping Metrô Santa Cruz inaugurated in 2001 and is located in the Vila
Mariana district of the south side of São Paulo city. The mall has a gross
leasable area ("GLA") of 19,270 m2, 127 stores and 1,057 parking spaces,
and an estimated 23 million visitors per year. In addition to providing
direct access to the subway station, the mall is linked to the adjacent bus
terminal and has access to Avenida Domingos de Moraes.
Following the acquisition, BRMALLS' total and own GLA increased from 1.006
million m2 to 1.025 million m2 and from 439.2 thousand m2 to 458.5 thousand
m2, respectively. It currently retains stakes in 35 malls.