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    Press Release Park Shopping So Caetano Opening

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    Multiplan RI
    Multiplan has opened ParkShoppingSãoCaetano, its first of five new shopping centers, in São Caetano, São Paulo. Built on 57,800 square meters of land for R$260 million, ParkShoppingSãoCaetano has 218 stores across two floors and 2,000 parking spaces. The modern architecture prioritizes integration with the surrounding neighborhood. A second expansion phase and four office buildings are also planned. The estimated third year net operating income is R$47.1 million with an expected yield of 21.1%.

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    Press Release Park Shopping So Caetano Opening

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    Multiplan RI
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    Multiplan has opened ParkShoppingSãoCaetano, its first of five new shopping centers, in São Caetano, São Paulo. Built on 57,800 square meters of land for R$260 million, ParkShoppingSãoCaetano has 218 stores across two floors and 2,000 parking spaces. The modern architecture prioritizes integration with the surrounding neighborhood. A second expansion phase and four office buildings are also planned. The estimated third year net operating income is R$47.1 million with an expected yield of 21.1%.

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    Multiplan has opened ParkShoppingSãoCaetano, its first of five new shopping centers, in São Caetano, São Paulo. Built on 57,800 square meters of land for R$260 million, ParkShoppingSãoCaetano has 218 stores across two floors and 2,000 parking spaces. The modern architecture prioritizes integration with the surrounding neighborhood. A second expansion phase and four office buildings are also planned. The estimated third year net operating income is R$47.1 million with an expected yield of 21.1%.

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    3 views2 pages

    Press Release Park Shopping So Caetano Opening

    Uploaded by

    Multiplan RI
    Multiplan has opened ParkShoppingSãoCaetano, its first of five new shopping centers, in São Caetano, São Paulo. Built on 57,800 square meters of land for R$260 million, ParkShoppingSãoCaetano has 218 stores across two floors and 2,000 parking spaces. The modern architecture prioritizes integration with the surrounding neighborhood. A second expansion phase and four office buildings are also planned. The estimated third year net operating income is R$47.1 million with an expected yield of 21.1%.

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    PRESS RELEASE

    MULTIPLAN OPENS THE FIRST OF FIVE SHOPPING CENTERS, PARKSHOPPINGSOCAETANO


    Rio de Janeiro, November 9th, 2011 MULTIPLAN EMPREENDIMENTOS IMOBILIRIOS S.A. (BM&FBOVESPA: MULT3), in line with its growth strategy, announces the inauguration of its new shopping center ParkShoppingSoCaetano, in the city of So Caetano, in the greater So Paulo. Built in an area of 57.8 thousand square meters and an investment of R$260 million, ParkShoppingSoCaetano has 218 stores, of which 15 are anchors and megastores distributed in two floors, and with 2,000 parking spots. A project by Paulo Baruki, the modern architecture of the mall privileges the integration with the surrounding area and uses plenty of glass panels which favor natural lighting. This helps to save power and provides a more natural and pleasant environment. ParkShoppingSoCaetano was built in a planned neighborhood called Espao Ceramica which includes residential and condo offices buildings and services in the surrounding area. In this context and with Multiplans strategy of developing mixed use projects, ParkShoppingSoCaetano envisages a second phase expansion with 13,411 m , and the construction of four office condominiums. The estimated third year Net Operating Income (NOI) is R$47.1 million, and an expected yield of 21.1%. Armando dAlmeida Neto CFO and IRO

    Disclaimer: 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. 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 should not rely exclusively on the information contained herein to make investments.

    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

    E - m a il: i r@mul t i p l a n.co m.b r

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