Vinci Shopping Centers (VISC11) has signed a memorandum of understanding to sell stakes in nine shopping centers from its portfolio for approximately BRL 573 million.
The transaction marks a significant step in the fund's strategy to optimize its asset base and return capital to investors.
Votorantim Shopping (VSHO11) recently agreed to sell 20% stakes in its Shopping Valinhos and Shopping Hortolândia properties for BRL 37 million.
The deal involves the sale of participations in nine properties, reflecting a broader trend among Brazilian real estate investment funds (FIIs) to unlock value through partial divestments.
This move allows the fund to reduce leverage or distribute proceeds while retaining exposure to the retail sector.
The development follows similar actions by peers in the Brazilian market.
Votorantim Shopping (VSHO11) recently agreed to sell 20% stakes in its Shopping Valinhos and Shopping Hortolândia properties for BRL 37 million.