Scribd
Upload
9 views2 pages

Multiplan Expands RibeirãoShopping by 20.6k m²

Multiplan announces three expansions totaling 20.6 thousand square meters of additional leasable area at Ribeirão Shopping in Brazil. Expansion VI will add 4.1 thousand square meters by November 2012. Expansion VII will contribute another 6.3 thousand square meters and be completed by May 2013. The largest expansion, Expansion VIII, will increase the leasable area by 10.2 thousand square meters and be finished by November 2013. Once complete, the total leasable area at Ribeirão Shopping will increase 44.1% to 67.2 thousand square meters. The expansions are expected to generate R$16.3 million in net operating income in the third year.

Uploaded by

Multiplan RI
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
9 views2 pages

Multiplan Expands RibeirãoShopping by 20.6k m²

Multiplan announces three expansions totaling 20.6 thousand square meters of additional leasable area at Ribeirão Shopping in Brazil. Expansion VI will add 4.1 thousand square meters by November 2012. Expansion VII will contribute another 6.3 thousand square meters and be completed by May 2013. The largest expansion, Expansion VIII, will increase the leasable area by 10.2 thousand square meters and be finished by November 2013. Once complete, the total leasable area at Ribeirão Shopping will increase 44.1% to 67.2 thousand square meters. The expansions are expected to generate R$16.3 million in net operating income in the third year.

Uploaded by

Multiplan RI
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PRESS RELEASE

MULTIPLAN ANNOUNCES THREE EXPANSIONS IN RIBEIROSHOPPING WITH A TOTAL OF 20.6 THOUSAND M OF GLA
Rio de Janeiro, July 5, 2012 MULTIPLAN EMPREENDIMENTOS IMOBILIRIOS S.A. (BM&FBOVESPA:MULT3), in line with its growth strategy announces three new expansions in RibeiroShopping, in addition to the renovation already underway, including the construction of a deck parking with 1,200 spots. The first expansion expansion VI will add 4.1 thousand m of GLA to the shopping center and will use the area of an anchor store that was relocated and includes 41 new satellite stores. This expansion should be delivered by November 2012. Expansion VII will contribute with another 6.3 thousand m of GLA and 23 stores and a fitness center to the shopping center. This new area should be delivered in May 2013. Finally, expansion VIII will increase GLA by 10.2 thousand m, will have 65 stores and delivery is scheduled for November 2013. The three expansions altogether will contribute with 20.6 thousand m2 of total GLA and will increase the leasable area at RibeiroShopping to 67.2 thousand m2, an increase of 44.1% over the current area. If Multiplans interest of 76.2% is considered, the expansions should generate a third year NOI of R$16.3 million, with a yield of 10.3%, and an IRR of 14.7%, real and unleveraged. RibeiroShopping in the last decade presented an average annual sales growth of 15.4%.
Project Exp. VI Exp. VII Exp. VIII Total

Expansions VI, VII, VIII

Schedule
Inauguration Nov/12 May/13 Nov/13 GLA 100% 4,1k m 6,3k m 10,2k m 20.6k m

Summary
Owned GLA CAPEX (R$) Key Money (R$) NOI 3rd year (R$) 15.7k m 171.3 M 13.2 M 16.3 M 10.3% 14.7%

NOI yield Internal rate of return

Armando dAlmeida Neto CFO and IRO

RibeiroShopping Expansion VIII illustration faade

1/2

RibeiroShopping Expansion VIII illustration internal view

RibeiroShopping Expansion VII illustration faade


Disclaimer: This document may contain prospective statements, which are subject to risks and uncertainties as they were based on expectations of the Companys management and on the information available. These prospects include statements concerning our managements current intentions or expectations. Readers/investors should be aware that many factors may mean that our future results differ from the forward-looking statements in this document. The Company has no obligation to update said statements. The words wish, "expect, "plan, and similar words are intended to identify statements. Forward-looking statements refer to future events which may or may not occur. Our future financial situation, operating results, market share and competitive positioning may differ substantially from those expressed or suggested by said forward-looking statements. Many factors and values that can establish these results are outside the Companys control or expectation. The reader/investor is encouraged not to completely rely on the information above. This document also contains information on future projects which could differ materially due to market conditions, changes in law or government policies, changes in operational conditions and costs, changes in project schedules, operating performance, demand by tenants and consumers, commercial negotiations or other technical and economic factors.

IR Multiplan
Tel: 55 21 3031-5200 Fax: 55 21 3031-5322

Address: Av. das Amricas, 4.200 Bloco 2 - Sala 501 Duplex Barra da Tijuca - Rio de Janeiro CEP: 22640-102 W e b s i t e : w w w . m u l t i p l an . co m. b r/ i r
2/2

E - m a il: i r@mul t i p l a [Link] m.b r

You might also like