Patria Malls (PMLL11) has completed the sale of its 40% stake in Shopping Park Sul, located in Volta Redonda, Rio de Janeiro, for BRL 160.8 million.
The transaction marks a strategic shift for the Brazilian real estate investment fund, which is actively reshaping its asset base.
According to Infomoney, the deal also involves an increased exposure to Shopping Taboão, signaling a consolidation of assets in key retail hubs.
The divestment allows Patria Malls to recycle capital from a minority holding into other opportunities within its portfolio.
By exiting the Volta Redonda asset, the fund reduces its footprint in that specific market while bolstering its position in Shopping Taboão.
This move aligns with broader trends among Brazilian real estate funds to optimize asset quality and geographic concentration.