Rio Grande do Sul

Technical Details

  • Inauguration: November 2017
  • Multiplan’s Stake: 80%
  • Gross Leasable Area: 48.000 m²
  • Number of Stores: 275
  • Parking: 2,600 spots (1.000 covered)

About The Mall

Multiplan´s 19th Shopping Center will have 48.0 thousand m² in GLA, and 258 stores

Rio de Janeiro, July 16th, 2014 – MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A. (BM&FBOVESPA: MULT3), informs that it has begun preleasing stores in ParkShoppingCanoas, its 19th shopping center, located in the city of Canoas, state of Rio Grande do Sul.

ParkShoppingCanoas will have 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 275 stores. The development will offer a hypermarket, a skating rink, a gym, an indoor amusement park, five movie theaters stadium type, six gourmet restaurants with a veranda overlooking the municipal park Getúlio Vargas, and a food court with 28 operations. Furthermore, the mall will have 2,600 parking spots, of which approximately 1,000 will be covered. The development also offers the potential for future developments of mixed use projects.

Multiplan´s interest in the shopping center will be of 80.0%, and the inauguration is scheduled for april 2017. The company´s stake in the project´s development costs (CAPEX) will be 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.