from today's GlobeSt:
$965M Delivers Brazil Centers to Brookfield
By Debra Hazel
"RIO DE JANEIRO-In one of the largest real estate transactions in Brazil, Brascan Brazil Real Estate Partners, a retail property fund managed by Brookfield Asset Management, has agreed to purchase a portfolio of five upscale shopping centers in Brazil from the Malzoni Investment Group for approximately US$965 million.
The centers are: the upscale Patio Higienopolis in Sao Paulo; Paulista in Sao Paulo, generally ranked as one of the top 10 centers in the country in terms of sales per square meter; West Plaza in Sao Paulo, one of the busiest centers in the country, with 30 million visitors annually; Botafogo Praia, a vertical center located in one of the most affluent areas in Rio de Janeiro; and Vila Olimpia, opening in Sao Paulo in April 2009. Three of the centers also will undergo expansions by 2009." ...
for the complete story see:
http://www.globest.com/news/1053_1053/gsrglobal/166693-1.h
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