Multiplan Empreendimentos Imobiliários S.A. (B3: MULT3) announces the sales and occupancy rate performance of its shopping centers for 4Q17 and 2017.
Sales increase in every quarter of 2017, leading to a 6.8% annual growth
Tenants’ sales scored R$14.7 billion, a 6.8% increase over 2016. This was once again the all-time highest sales productivity for Multiplan’s shopping centers. The quarter’s sales totaled R$4.6 billion, a 4.9% growth over the same period of the previous year, maintaining the Company’s track record of growing tenants’ sales in all 43 quarters since the IPO, in 2007.
As a consequence, satellite stores recorded sales of R$27,440/sq.m. in 2017 (equivalent to 799 USD/sq.f.¹), the highest ever recorded. For the first time, a total of six shopping centers surpassed the R$1.0 billion annual sales mark: BarraShopping, MorumbiShopping, ParkShopping, BH Shopping, ShoppingAnáliaFranco and ParkShoppingBarigüi. These malls recorded R$8.6...