Brookfield Brazil Retail Fund is a specialty real estate fund focused on the acquisition of commercial retail shopping centers in Brazil, where Brookfield has 100 years of operating experience. The Fund's portfolio, initially seeded with three retail shopping centers profiled on the right under related links, has grown to 14 malls including two properties under development.
The Fund is well positioned within this sector. Retail shopping centers are benefiting from favorable macro economic conditions, growing purchasing power and consumer demand among key demographic groups. In addition, the country is under represented in shopping centers relative to North America or other European markets, which provides significant opportunities for growth.
Rio Sul Shopping Center
529,000 square foot premium mall serving an upscale residential area of Rio de Janeiro, with significant expansion potential.
Shopping Pátio Higienópolis
367,000 square foot high-quality mall located in one of the wealthiest areas of São Paulo and is considered one of the five best shopping centers in Brazil.
Shopping Pátio Paulista
294,000 square foot mall with additional 152,000 square feet under development, located in one of São Paulo’s densest areas in an important corridor of commercial and residential activity.