Jerusalem / Brasília - Gazit-Globe, the largest real estate development company of Israel said Sunday it sold part of its stake in Brazilian BR Malls for $ 52.6 million and used the proceeds to buy new assets in São Paulo.
The Gazit-Globe reported that its stake in BR Malls is now less than 5% of the company being valued at about $ 23 million. As part of its expansion in Brazil, Gazit-Globe bought a corporate building and parking on the property in Sao Paulo for $ 47 million.
In a statement, the company said that it is the office building and garage at the Top Center Shopping.
The chief executive of Gazit-Globe, Rachel Lavine, said the company will continue to explore possibilities for sale or purchase of additional shares, after assessing that there was an "impressive profit" with investment in BR Malls.
Subsidiary of Gazit-Globe, the Gazit Brazil will own and operate nine active with the completion of this transaction, one of which still under development, with a total value of approximately R $ 1.4 billion (US $ 440 million).
Nenhum comentário:
Postar um comentário