Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Aliansce Shopping Centers SA    ALSC3   BRALSCACNOR0

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Aliansce Shopping Centers SA : Notice to the Market - Aliansce announces the agreement for the acquisition of 40% of Shopping Parangaba

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/09/2013 | 12:55am CEST

Aliansce Shopping Centers (ALSC3) announces the agreement for the acquisition of 40% of Shopping Parangaba in the city of Fortaleza, CE

Rio de Janeiro, April 8, 2013 - Aliansce Shopping Centers S.A. (Bovespa: ALSC3) announces the agreement for the acquisition of 40% of Shopping Parangaba, located in the city of Fortaleza, CE. The mall has 31,873 sqm of GLA and will open in 4Q13. With this acquisition, the Company will add to its portfolio 12,749 sqm of own GLA. Aliansce's owned GLA will grow to a total of 450.781 sqm, including 3 greenfield projects, all with expected opening for 2013.

The acquisition price is R$118.0 million, which includes debt assumption in the amount of R$37.6 million. The payment will be done according the following schedule:

  • 50% of the amount, discounting the assumption of the outstanding debt balance, at the signing date. Considering the current balance, the Company would pay R$29.8 million and would assume debt of approximately R$29.2 million;
  • 40% in monthly installments until the opening, discounting the assumption of the remaining balance;
  • 10% in up to 30 days after signing of the final acceptance of construction works.

This acquisition is subject to the fulfillment of conditions established by contract. We estimate an IRR for the Company of 16.0%, real and unleveraged, and a third-year stable cap rate of 10.4%.

Shopping Parangaba is located in west zone of Fortaleza, a region with easy access to the whole city. Besides the easy access to important roadways, the mall is located besides bus, metro, and light-rail stations. Fortaleza will also be a host city for the 2014 World Cup, which will bring relevant infrastructure investments to the region.

The mall will open in 4Q13, with an initial GLA of 31.873 sqm, 1.600 parking spaces and over 200 stores. Eight months before the scheduled opening, leased area constitutes 82.3% of the total GLA. All of the anchor stores have already been leased, including important retailers, such as C&A, Renner, Riachuelo, Magazine Luiza and an UCI movie theater.

Aliansce will be responsible for managing and leasing of the project. The Company already manages three malls in the northeast of the country and is developing the fourth in Maceió. With this acquisition, Aliansce reinforces its strategy of investing in one of the regions with the highest growth in the country.

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
[email protected]
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.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALIANSCE SHOPPING CENTERS
10/18 ALIANSCE SHOPPING CENTERS : Share Buyback Program
10/06 ALIANSCE SHOPPING CENTERS : Consolidated Form CVM 358 – September/2017
10/03 ALIANSCE SHOPPING CENTERS : appoints Leandro Lopes as Chief Operating…
07/18 ALIANSCE SHOPPING CENTERS : Beginning of the succession process of its Chief Ope..
07/10 ALIANSCE SHOPPING CENTERS : Consolidated Form CVM 358 – June/2017
07/10 ALIANSCE SHOPPING CENTERS : Trading of Securities by the Company - June/2017
06/22 ALIANSCE SHOPPING CENTERS : 2017 Corporate Events Calendar
06/12 ALIANSCE SHOPPING CENTERS : Consolidated Form CVM 358 – May/2017
06/12 ALIANSCE SHOPPING CENTERS : Trading of Securities by the Company - May/2017
05/11 ALIANSCE SHOPPING CENTERS : entered into an agreement to purchase 100…
More news
News from SeekingAlpha
08/10 Aliansce Shopping Centers SA reports Q2 results
05/11 Aliansce Shopping Centers SA reports Q1 results
Financials ( BRL)
Sales 2017 580 M
EBIT 2017 319 M
Net income 2017 92,3 M
Debt 2017 1 467 M
Yield 2017 0,96%
P/E ratio 2017 34,59
P/E ratio 2018 26,97
EV / Sales 2017 9,00x
EV / Sales 2018 8,27x
Capitalization 3 751 M
Chart ALIANSCE SHOPPING CENTERS
Duration : Period :
Aliansce Shopping Centers  Technical Analysis Chart | ALSC3 | BRALSCACNOR0 | 4-Traders
Technical analysis trends ALIANSCE SHOPPING CENTERS
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 17,0  BRL
Spread / Average Target -8,3%
EPS Revisions
Managers
NameTitle
Renato Feitosa Rique Chief Executive Officer & Director
Délcio Lage Mendes Chairman & Chief Operating Officer
Renato Ribeiro de Andrade Botelho Chief Financial & Investor Relations Officer
Carlos Alberto Vieira Independent Director
Peter Ballon Director
Sector and Competitors
1st jan.Capitalization (M$)
ALIANSCE SHOPPING CENTERS SA28.24%1 197
UNIBAIL-RODAMCO-8.29%24 593
EMAAR MALLS PJSC-11.45%8 115
RED STAR MACALLINE GROUP CORP LTD25.47%4 924
MULTIPLAN EMPREENDIMENT. IMOBILIARIOS SA30.44%4 533
AEON MALL CO., LTD.22.13%4 011