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General Shopping Increases Ownership Interest in Outlet Premium Sao Paulo

Posted by Megan Stanton on Jun 11th, 2010 and filed under Featured News, Shopping. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

general shoppingGENERAL SHOPPING BRASIL S/A, a publicly-held company headquartered in the city of Sao Paulo, State of Sao Paulo, at Avenida Angelica, 2466, suite 221, enrolled with the General Taxpayer’s Register (CNPJ/MF) under number 08.764.621/0001-53, pursuant to Instruction CVM no. 358/02, as amended, informs its shareholders and the market at large that it acquired on this date through its controlled company BR OUTLET ADMINISTRADORA E INCORPORADORA LTDA for R$ 15,145,363.28 (fifteen million, a hundred and forty-five thousand, three hundred and sixty-three real and twenty-eight cents) a 20% interest in OUTLET PREMIUM SAO PAULO.

OUTLET PREMIUM SAO PAULO is a project developed and managed by GENERAL SHOPPING BRASIL S/A and is strategically located on Rodovia dos Bandeirantes, km 72, in the State of Sao Paulo, with total gross leasable area (GLA) of 17,716 square meters, in which GENERAL SHOPPING BRASIL S/A now owns a 50% interest and owned GLA of 8,858 square meters.
With this increase in ownership interest, GENERAL SHOPPING BRASIL S/A’s owned GLA has been increased to 190,100 square meters, ensuring a majority ownership interest in all of the 13 shopping malls in operation of its portfolio.

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