The project involves 20 towers in 7 malls in the BR Malls portfolio. According to the notice to the market, the partnership will generate new revenues and also contribute to the increase and qualification of the flow of people in the BR Malls shopping centres.
The first projects should be launched in 2023, with the first delivery scheduled for 2026. Also, according to BR Malls, the estimated revenue from the exchange is R$ 325 million (in 100% interest), with a guaranteed minimum value.
Operating for 12 years, Vitacon accumulated more than 90 projects delivered and underdevelopment in the capital of São Paulo, focusing on projects that unite technology, services, sustainability, urban mobility and shared economy.