Radar > 236170

Tenco Shopping Centers keen to acquire finished buildings from indebted owners

A Tenco Shopping Centers quer comprar empreendimentos prontos de proprietários com dívidas

Intel ID : 236170
Synopsis

Tenco Shopping Centers, a management company of shopping malls based in Belo Horizonte, Minas Gerais, wants to acquire finished buildings from indebted owners, as published by Gazeta de Rondônia on 1 May 2016, citing its president, Eduardo Gribel.

According to the news, the group changed its expansion strategy to take advantage of the low market, the company will acquire buildings from indebted owners instead of building new malls. Eduardo Gribel acquired recently a mall in Jaraguá do Sul, Santa Catarina, and could be negotiating six other properties, two in the Southeast and four in the Northeast of Brazil. (see related transaction)

"This is a good time for acquisitions. There are many mall owners who developed projects three or four years, without foreseeing this tight situation due to economic crisis", said Eduardo Gribel.
(content in portuguese)

A Tenco Shopping Centers, empresa com sede em Belo Horizonte no estado de Minas Gerais e que atua com administração de shopping centers, quer comprar empreendimentos prontos de proprietários com dívidas, segundo publicou a Gazeta de Rondônia no dia 01 de maio de 2016, citando ao Presidente da companhia, Eduardo Gribel.

Segundo a notícia, o grupo mudou a estratégia de expansão para aproveitar o mercado em baixa e em vez de apenas construir novos shoppings, a empresa passa a comprar empreendimentos prontos de proprietários com dívidas. O empresário, que atualmente adquiriu um shopping em Jaraguá do Sul, em Santa Catarina, já estaria negociando a compra de outros seis empreendimentos, dois no Sudeste e quatro no Nordeste (ver transação relacionada).

"O momento muito propício para aquisições. Há muitos proprietários de shopping que desenvolveram projetos há três, quatro anos, sem prever que ficariam em uma situação apertada diante da crise econômica", diz Eduardo Gribel.

Intel ID 236170
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - Tenco Shopping Centers
(31 Dec 2020)
Revenue: EUR 10,32m
Net Debt: EUR 165,90m
Exchange Rate:
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Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Services and Distribution / Distribution and Retail
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

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