HSI Malls completes asset acquisition

FII HSI Malls informed the market through a material fact, last Thursday (13), the closing of the purchase of 100% of the shares of REC 2017 Empreendimentos e Participações I SA I, referring to 51% of Shopping Paralela, located in Salvador (BA), plus 100% of the asset's expansion area.

According to the statement, the expansion area has Unime, a faculty of the Cogna group, as a lessee under a BTS (Built to Suit) lease agreement.

With the acquisition worth R$432 million, the FII adds another 37,804 sq metres of gross leasable area (GLA), totalling 6 assets and 166,000 sq metres in GLA in the states of Alagoas, Bahia, Acre and Sao Paulo.

Also, according to the material fact, the funds for payment of the acquisition come from a securitization transaction of receivables, structured so that two parts are settled on this date, and three more parts were assumed by the Fund totalling an amount of R$ 484 million.