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4-Traders Homepage  >  Shares  >  BOLSA DE VALORES DE SAO PAULO  >  Aliansce Shopping Centers SA    ALSC3   BRALSCACNOR0

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Aliansce Shopping Centers SA : Notice to the Market - Aliansce opens Shopping Parangaba

11/26/2013 | 03:54pm US/Eastern

NOTICE TO THE MARKET

Aliansce Shopping Centers (ALSC3) opens Shopping Parangaba

Rio de Janeiro, November 26, 2013 - Aliansce Shopping Centers S.A. (Bovespa: ALSC3) announces the opening today of Shopping Parangaba, located in the city of Fortaleza, in the state of Ceará. Aliansce owns 40% of the property. The mall has 32,328 sqm of GLA, and the Company increases its owned GLA by 12,931 sqm, reaching 440.8 thousand sqm.

The asset's opening marks Aliansce's entrance in yet another state capital in the Northeast, in a city with approximately 2.6 million people (source: IBGE 2013). Located in the western part of the city with quick access to our clients, the mall is uniquely positioned beside a bus terminal connected to the mall, as well as future subway stations and light-rail vehicles.

Aliansce's total investment is approximately R$ 123.5 million. NOI at share expected for the 3rd year is R$12.4 million with a cap rate of 10.1%. We expect a real and unleveraged IRR for the project of 15.9% per year. Aliansce is responsible for the management and leasing of the mall.

Shopping Parangaba opened with 92.1% of its total GLA already leased and with over 100 stores in operation. Until Christmas the mall will have in operation over 120 stores of its thorough tenant mix, which includes anchor stores such as C&A, Americanas, Renner, Riachuelo, a UCI multiplex with six screens, and 29 fast food operations.


To access the full Notice to the Market, please, click here.

For additional information, please contact the Investor Relations department:

Investor Relations
Phone: +55 (21) 2176-7272
Fax: +55 (21) 2176-7229
ri@aliansce.com.br
www.aliansce.com.br/ir

About Aliansce S.A.
Aliansce Shopping Centers S.A. (Bovespa: ALSC3) is one of the leading shopping center developers and manages the second largest number of shopping centers in Brazil among the publicly held companies in the sector. The Company's core business is investing in shopping centers and providing the following services: (i) management of shopping centers; (ii) lease of commercial spaces in shopping centers; and (iii) planning, developing and implementing shopping centers. The Company is a full service company operating in all of the development stages of a shopping center, such as planning and preparation of the feasibility study, development of the project, commercialization and management of the shopping center.

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