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Credit Suisse Fund acquires Pernambucanas stores for R$450 million

After Grupo Pão de Açúcar, it is the turn of the Pernambucanas chain to discard part of their points for a real estate fund, in a move to sell assets from retailers to investors that have been gaining strength this year. Last week, Credit Suisse’s CSHG Renda Urbana FII fund closed the purchase of 66 fashion, bed, table and bath stores for R$450.3 million.

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