Multiplan

News

19.05.2015

Morumbi Corporate reaches 90% of leased area

On May 18th, Multiplan informs its investors and the market that it has leased new areas in Morumbi Coporate, reaching 90% of its total Gross Leasable Area (GLA). Morumbi Corporate, a project in which Multiplan holds 100% interest, is composed of two AAA office towers, with LEED Gold sustainable certification, totaling 74.2 thousand m² of GLA. The project integrates the complex created around MorumbiShopping in São Paulo, which includes Morumbi Office Tower, Centro Profissional MorumbiShopping and Morumbi Business Center.

About Multiplan – With 40 years of history, the company is a pioneer in the shopping center industry in Brazil. It develops, operates and owns one of the best portfolios in the country with 18 own units - BarraShopping, New York City Center, ParkShoppingCampoGrande and VillageMall in Rio de Janeiro (RJ); BH Shopping, DiamondMall and Pátio Savassi in Belo Horizonte (MG); MorumbiShopping, ShoppingAnáliaFranco and ShoppingVilaOlímpia in São Paulo (SP); JundiaíShopping in Jundiaí (SP); ParkShoppingSãoCaetano in São Caetano do Sul (SP); RibeirãoShopping and Shopping Santa Úrsula in Ribeirão Preto (SP); ParkShopping in Brasilia (DF); ParkShoppingBarigüi in Curitiba (PR); BarraShoppingSul in Porto Alegre (RS); and Parque Shopping Maceio in Maceió (AL). The portfolio in operation amounts to a GLA of 767,554 square meters, more than 5,400 stores and annual customer traffic estimated at 180 million. Multiplan owns an average participation of 73.8% in its malls. It is the only company in the construction and shopping mall industry to have investment grade at Standard & Poor's rating agency.