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    Parque Shopping Macei INGLS

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    Multiplan RI
    Multiplan announces the beginning of leasing for its new shopping center, Parque Shopping Maceió, located in Maceió, Brazil. The 36,092 square meter mall is scheduled to open in the second quarter of 2013 and will feature 200 stores, a movie theater, and 2,000 parking spaces. Multiplan owns 50% of the new shopping center and estimates that the third year net operating income from its interest will be 13.2 million Brazilian reals with a yield of 15.7%.

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    Parque Shopping Macei INGLS

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    Multiplan RI
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    Multiplan announces the beginning of leasing for its new shopping center, Parque Shopping Maceió, located in Maceió, Brazil. The 36,092 square meter mall is scheduled to open in the second quarter of 2013 and will feature 200 stores, a movie theater, and 2,000 parking spaces. Multiplan owns 50% of the new shopping center and estimates that the third year net operating income from its interest will be 13.2 million Brazilian reals with a yield of 15.7%.

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    110923ParqueShoppingMaceiINGLS

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    Multiplan announces the beginning of leasing for its new shopping center, Parque Shopping Maceió, located in Maceió, Brazil. The 36,092 square meter mall is scheduled to open in the second quarter of 2013 and will feature 200 stores, a movie theater, and 2,000 parking spaces. Multiplan owns 50% of the new shopping center and estimates that the third year net operating income from its interest will be 13.2 million Brazilian reals with a yield of 15.7%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    7 views1 page

    Parque Shopping Macei INGLS

    Uploaded by

    Multiplan RI
    Multiplan announces the beginning of leasing for its new shopping center, Parque Shopping Maceió, located in Maceió, Brazil. The 36,092 square meter mall is scheduled to open in the second quarter of 2013 and will feature 200 stores, a movie theater, and 2,000 parking spaces. Multiplan owns 50% of the new shopping center and estimates that the third year net operating income from its interest will be 13.2 million Brazilian reals with a yield of 15.7%.

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    PRESS RELEASE

    MULTIPLAN ANNOUNCES BEGINNING OF LEASING OF PARQUE SHOPPING MACEI


    Rio de Janeiro, September 27th, 2011 Multiplan Empreendimentos Imobilirios S.A. (BM&FBOVESPA:MULT3), announces the launching of the leasing phase in Parque Shopping Macei. The mall sets the presence of Multiplan in the Northeast of Brazil in Macei, a city with about 1.2 million inhabitants in its metropolitan area. The opening of Parque Shopping Macei is scheduled for 2Q13.
    Artist rendering Parque Shopping Macei

    The shopping center will have a total of 36,092 m of Gross Leasable Area (GLA), 200 stores, a movie theater, leisure and entertainment facilities and approximately 2.000 parking spaces. Multiplan will have a 50% interest in the mall. The expected third year net operating income (NOI), considering only Multiplans Interest in the mall, is of R$13.2 million and the yield is 15.7%. The company estimates a project IRR of 19.0%, real and unleveraged. Armando dAlmeida Neto CFO and IRO

    Preliminary view Parque Shopping Macei

    Disclaimer: This release is only an indication of the Companys intention to develop the above mentioned shopping center. Readers/investors should be aware that many factors may lead our future results to materially differ from the forward-looking statements. Forward-looking statements refer to future events which may or may not occur. The following rationale was used to calculate the projects feasibility: the cost of the project (CAPEX) is based on the estimated construction cost of satellite, anchor and fast-food stores, restaurants, restrooms, parking lot and common areas. These estimates were evaluated by the companys technical department. For the purpose of evaluating the projects CAPEX, these costs are not reduced by Key Money. Operating revenue was estimated based on the different rents per m for satellite stores, anchor stores, leisure operations, restaurants and fast-food stores and parking fees. Figures are subject to review and should provide a preliminary view of the project only.

    IR Multiplan
    Tel: 55 21 3031-5200 Fax: 55 21 3031-5322

    Address: Av. das Amricas, 4.200 Bloco 2 - Sala 501 Duplex Barra da Tijuca - Rio de Janeiro CEP: 22640-102 W e b s i t e : w w w . m u l t i p l an . co m. b r/ i r

    E - m a il: i r@mul t i p l a n.co m.b r

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