Veirano and Machado Meyer advises on the acquisition of Madureira Shopping by Brasil Plural
Veirano Advogados advised Malls Brasil Plural FII; Machado Meyer Advogados advised Brazil Retail Fundo de Investimento em Participações Multiestratégia and its investors
Brazil Retail Fundo de Investimento em Participações Multiestratégia and its quotaholders (Brookfield Asset Management) sold, to a fund managed by Brasil Plural (Malls Brasil Plural Fundo de Investimento Imobiliário), shares representing 100% of the capital stock of Brasc Mad Shopping Centers S.A, which, through its subsidiary COMBRACENTER SHOPPING CENTERS LTDA., owns the properties that comprise the Madureira Shopping.
The closing of the transaction is subject to the fulfillment of certain conditions precedent standard for this type of transaction.
The transaction was valued at R$285 million and is the first step in Brookfield’s divestiture of the shopping center business in Brazil.
Veirano Advogados advised Malls Brasil Plural FII and had partners (in the top image from left to right) Raphael Moreira Espírito Santo, Paula Surerus, Felipe Demori Claudino. Associates Maria Cecilia Vieira, Bruno Caliman, Paulo Amaral and Gustavo Paiva.
Machado Meyer advised Brazil Retail Fundo de Investimento em Participações Multiestratégia and its shareholders (Brookfield Asset Management) and was headed by partner Paulo Henrique Carvalho Pinto; Guilherme Malouf, Maria Flavia Seabra (in the bottom image from left to right); and lawyers Enrico Lemas Benedet and Raphaella Goncalves Oliveira Alves.
