< Go back

14 Oct 2011

Subscription to Retail Brazil II is finalized

We have just closed the subscription to Retail Brazil II at DKK 13,106,900.

We have just closed the subscription to Retail Brazil II at DKK 13,106,900. The result was very satisfactory and we would like to thank our existing and new investors. The goal of the investment is the popular Brazilian shopping center "North Shopping Maracanau" which, after a planned expansion, will have 26,871 square meters, with
13 anchor tenants, 160 shops, food court, cinemas and 468 parking spaces. The current customer number will then reach about 900.000 customers per month,
which corresponds to the most visited centers in Denmark.

Retail Brazil II has the option to acquire 50%of the Center in Maracanau, and join with the current owner of the chain "North Retail", which operates a total of five successful shopping centers in Sao Paulo and Fortaleza.