In December 2017, Multiplan began work on ParkJacarepaguá, the company's 20th mall, which is being built in the West Zone of Rio de Janeiro. The project will contain approximately 39,000 m² of GLA, with the inauguration scheduled for May 2020.
The project will serve a population of approximately 600,000 inhabitants, with a huge demand for services, commerce and leisure. The mall is being built on a plot of approximately 95,000 m² and will feature unique and innovative architecture. The environments were designed from the most modern sustainable technologies, aiming at condominial efficiency through reduction of the operating and maintenance costs.
Multiplan will own a 91.0% interest in ParkJacarepaguá's revenues and bear 100% of the project's construction costs. The expectation is that the mall will generate approximately 3,000 jobs.
The project will have all the convenience and functionality characteristics of Multiplan's multi-use developments. There will be 232 shops, including 15 anchor stores and mega stores, a supermarket, a multi-purpose event center, a permanent ice-skating rink, seven stadium movie theaters, a Hotzone theme park, 10 restaurants, as well as a large food court with 34 operations and 2,100 parking spaces, of which 700 are covered.