Multiplan´s 19th Shopping Center has 48.0 thousand m² in GLA, and 264 stores
ParkShoppingCanoas has, in its first phase, 48.0 thousand m² in Gross Leasable Area (GLA), and an innovative architectural project and a great leisure and services area distributed among 264 stores. The development offers a hypermarket, a skating rink, a gym, an indoor amusement park, seven movie theaters stadium type, eight gourmet restaurants with a veranda overlooking the municipal park Getúlio Vargas, and a food court with 26 operations. Furthermore, the mall has 2,500 parking spots, of which approximately 1,500 covered. The development also offers the potential for future developments of mixed use projects.
Multiplan´s interest in the shopping center is of 80.0% and the company´s stake in the project´s development costs (CAPEX) was of 94.7%.
The area of influence of the shopping center is estimated at 545 thousand inhabitants¹, the city of Canoas and surrounding neighborhoods, of which 85% of the population falls under the A, B and C economic classes. When adding to the area of influence the cities in the Vale do Rio dos Sinos and the closest three Porto Alegre neighborhoods, this number increases to 2.4 million inhabitants.
Integrated to the greater metropolitan area of Porto Alegre, Canoas is strategically located in an area that is the home of strong and dynamic industrial sector, with approximately 1.9 thousand companies, national and international. This industrial cluster houses among others a petrochemical processing plant, footwear industry, steel mills and steel manufacturers, and big logistics providers. The city has the third largest population ¹ in the state of Rio Grande do Sul and presents the second highest GDP ¹, behind only that of the capital city, Porto Alegre.