Votorantim Shopping (VSHO11) has agreed to sell 20% stakes in its Shopping Valinhos and Shopping Hortolândia properties for a total of BRL 37 million.
The transaction involves the sale of ideal fractions in the two assets, which are located in the state of São Paulo.
The move by the Brazilian real estate investment fund (FII) reflects a broader trend of portfolio rationalization within the sector.
By divesting minority positions, Votorantim Shopping is likely seeking to streamline its asset base and improve capital efficiency.
The sale proceeds will provide the fund with liquidity that can be redeployed or used to strengthen its balance sheet.
This development follows similar activity in the Brazilian retail real estate market.