South American Business Information

Sonae to open one shopping center per year.

South American Business Information | October 1, 2002 | Copyright

Brazil, Oct 1, 2002 (Gazeta Mercantil/SABI via COMTEX)

After inaugurating the Parque Dom Pedro shopping in Campinas (Sao Paulo state), the Portuguese real estate company Sonae Imobiliaria aims to open at least one shopping center per year in Brazil. The company is already investing R$60mil to erect the Boa Vista Shopping (Sao Paulo city), which will be completed in 2004. The new shopping, targeted at the middle and lower classes, will have 170 stores, among which C&A, Marisa Familia…

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