multiplan opens expansion viii in ribeir
TRANSCRIPT
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8/13/2019 Multiplan opens Expansion VIII in Ribeir
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Armando dAlmeidaNeto
CFO and IRO
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PRESS RELEASE
Rio de Janeiro, December 4th, 2013 MULTIPLAN EMPREENDIMENTOS
IMOBILIRIOS S.A. (BM&FBOVESPA:MULT3), informs that it inaugurated, today, the
eighth expansion of RibeiroShopping, located in the city of Ribeiro Preto, state of
So Paulo.
Expansion VIII adds 9.4 thousand m of Gross Leasable Area (GLA), contributing with
60 new stores and exclusive brands to the mall. There will be more than 30 new brands
in the city, with the best in fashion, services, culture, technology and entertainment. Of
the four anchor stores two are new in town and the other two are expansions of existing
ones which have been integrated to the mall. With expansion VIII, RibeiroShopping
now have 380 stores, of which 20 anchors and mega stores, 69.4 thousand m in GLA,
and 91.3 thousand m in Gross Commercial Area (GCA).
Multiplan delivered the first phase of its expansion master plan in November 2012,
when delivering the sixth expansion to the shopping center, with 41 new stores, in
addition to a modern deck parking with 1,250 covered parking spots. In August this
year the seventh expansion was delivered, adding 6.4 thousand m of GLA and a
spacious convention center with 3.5 thousand m, a gym, a VIP space, three
restaurants and a suspended garden with a panoramic view.
In addition to the expansions, the shopping center went through a complete overhaul
internally and externally, and included also landscaping and faades along with the
replacement of floors and replacing elevators. The master plan for the development of
RibeiroShopping envisages still the construction of high end residential buildings, a
new office tower, a residential building with services, and a high end hotel.
MULTIPLAN OPENS EXPANSION VIII IN RIBEIROSHOPPINGThird expansion in 12 months adds 9.4 thousand m of GLA, with 60 new stores
Inauguration date 04/12/2013
Total Gross Leasable Area 9,400 m
Multiplans interest 85.3%
Inauguration dates
Expansion VI
Expansion VII
Expansion VIII
Nov-2012
Aug-2013
Dec-2013
Total Gross Leasable Area 19,300 m
Multiplans Interest 85.3%
CAPEX * (R$) 245.9 M
Key Money * (R$) 11.4 M
NOI 3 year * (R$) 18.6 M
Expansion VIII
Expansions VI + VII + VIII
* Multiplans interest
Photos on the next page
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 financialsituation, operating results, market share and competitive positioning may differ substantially from those expressed or suggested by said forward-lookingstatements. Many factors and values that can establish these results are outside the companys control or expectation. The reader/investor should not relyexclusively on the information contained herein to make investments.
RibeiroShopping Expansion VIII - Faade
RibeiroShopping was inaugurated by Multiplan in 1981, and contributed strongly to the growth and economic development of
Ribeiro Preto, and is one of the most important retail centers in the region. With this eighth expansion, the shopping center
becomes the largest retailing center in Multiplans portfolio, in terms of GLA
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8/13/2019 Multiplan opens Expansion VIII in Ribeir
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IR MultiplanTel: 55 21 3031-5200Fax: 55 21 3031-5322
Address:Av. das Amricas, 4.200Bloco 2 -Sala 501 DuplexBarra da Tijuca -Rio d e JaneiroCEP: 22640-102
E -ma i l : i r @ m u l t i p l a n . c o m . b r W e b s i t e : w w w . m u l t i p l a n . c o m . b r / i r 2/2
RibeiroShopping Expansion VIIIOpening event
RibeiroShopping Expansion VIIIDay before opening day