Grupo Cornélio Brennand has sold Boulevard Shopping Camaçari to Versen

The shopping mall Boulevard Shopping Camaçari has been acquired by Versen.

Inaugurated in November 2015, Boulevard Shopping Camaçari is located in the Reserva Camassarys neighborhood in Camaçari, BA, a city with 309,000 inhabitants and an area of influence of over 500,000 people. The city is situated 50 km from Salvador and has the highest GDP per capita in the northeast. As the only shopping center in the city, it reaches an area of influence of 8,500 km², with several newly launched establishments nearby that will boost customer flow. The mall has a built area of 31,387 m² on a 70,015 m² plot, with 19,832 m² of gross leasable area (GLA) across two floors. It features a total of 69 operational stores, including seven anchor stores, one semi-anchor store, two megastores and 59 satellite stores, totaling 16,492 m² of leased GLA, equivalent to an 83.2% occupancy rate as of May 2022. The parking lot, managed by Indigo, offers 943 parking spaces.

Grupo Cornélio Brennand, established in 1917, has a rich history of over 100 years marked by continuous expansion and innovation. The company operates in key sectors of the Brazilian economy, including cement, flat glass production, renewable energy and real estate development. Known for its commitment to dynamism, integrity and excellence, the group has played a significant role in bringing internationally recognized technologies to Brazil. Its strategic focus on sustainable growth and social responsibility has made it a competitive and influential player in these industries, contributing to Brazil’s economic development and infrastructure modernization.

Versen owns and operates real estate assets in Brazil, such as shopping malls, warehouses and commercial buildings.

Oaklins Fortezza Partners, based in Brazil, acted as the exclusive financial advisor to the sellers in this transaction.