Patria Malls signs deal for 10% stake in São Paulo's Shopping Jardim Sul

The BRL 67 million acquisition marks a strategic pivot for the Brazilian real estate fund, following the recent sale of its stake in a Rio de Janeiro property.

By Handelsavisen Newsroom · Automated 5 August 2026, 19:56 UTC · 1 min read

Patria Malls (PMLL11) has signed an agreement to acquire a 10% stake in Shopping Jardim Sul, a shopping center located in São Paulo.

The transaction is valued at BRL 67 million, according to a report by Infomoney.

8 million. That earlier transaction was described as a strategic shift for the fund, suggesting a rotation of assets within the Brazilian retail real estate sector.

The instrument formalizes the fund's intention to purchase the participation in the asset.

The move signals a continued shift in the portfolio strategy for the Brazilian real estate investment trust.

Patria Malls recently completed the sale of its 40% stake in Shopping Park Sul, located in Volta Redonda, Rio de Janeiro, for BRL 160.8 million.

That earlier transaction was described as a strategic shift for the fund, suggesting a rotation of assets within the Brazilian retail real estate sector.