12 Jun 2012
Exact visits new pipeline projects
Bahia and Pernambuco are likely to be the next areas covered by Exact’s investments
Kurt Kahla, CEO of Exact Brazil, has recently visited four exciting pipeline projects within the shopping center segment in the Northeast region of Brazil. The Greenfield projects are located in the states of Bahia and Pernambuco, in cities with a high retail potential headed by populations of 500.000 inhabitants on average. There is an extensive interest for the acquisition of such shops, due to the fact that these would be the first covered malls ever to be constructed in the respective cities. With funding from the Brazilian Development Bank BNDES, the investments would have interest rates below the market levels and, thereby, increase the attractiveness of return on equity.