SAO PAULO, Brazil, Nov. 28 /PRNewswire/ -- General Shopping Brasil S.A. announces that today, through its controlled company Brassul Shopping Administradora e Incorporadora Ltda., it acquired 100% of Sale Empreendimentos e Participacoes Ltda., owner of 84.39% of Shopping do Vale's gross leasable area (GLA), for R$ 18.7 million.
Shopping do Vale has 16,486.74 m2 of GLA and is located in Cachoeirinha, in the state of Rio Grande do Sul.
With the acquisition of Shopping do Vale, General Shopping Brasil's portfolio was increased to 11 shopping centers, totaling an owned GLA of 161,343 m2.