Company profile and timeline

History

Founded in 1975 by José Isaac Peres, Multiplan is a full-service company that plans, develops, owns and manages one of the country’s largest and highest-quality commercial property portfolios.

Our portfolio’s holdings are located in the main regions of Brazil, strategically positioned in the growth vectors of large urban centers, boosting the development of their surroundings and contributing directly to the improvement of the population’s quality of life. The Company is also a pioneer in the execution of mixed-use projects, comprised of residential and commercial real estate and hotels in the vicinity of its malls, which generates synergies and flows of people to the properties while also helping raise the overall valuation of the regions.

Our Malls

The Multiplan shopping center concept, shaped over more than four decades of history, brings together commerce, leisure, entertainment and services and aims to provide visitors a comfortable and pleasant environment, with the projects becoming much more than a shopping mall. Knowing that society is always evolving, the Company seeks to improve its assets year after year, anticipating trends, investing in innovation and offering more convenience, leisure and efficiency to its clients and tenants.

Our numbers

At the end of June 2019, Multiplan owned 19 shopping centers with a total GLA of 832,614 sq.m. (650,726 sq.m of own GLA) which generated sales of R$15.8 billion in the last 12 months. Over 5,400 stores make up an estimated annual traffic of 180 million visitors. In addition, Multiplan also owned – with an average interest of 92.4% – two corporate office complexes with total GLA of 87,558 sq.m., which together with the shopping center GLA totaled 920,171 sq.m.

1975 to 1985

Multiplan is born in 1975!

In this period, the company opens its first five shopping centers. The first, BH Shopping, in Belo Horizonte, was built in front of the highway cloverleaf that gave rise to the Multiplan brand logo. Next is RibeirãoShopping, in Ribeirão Preto; BarraShopping, in Rio de Janeiro; MorumbiShopping, in São Paulo; and ParkShopping in Brasilia. Multiplan also launches its luxury residential condominium Chácara Santa Elena in São Paulo, its first real estate development.

Inside the Mall

At that time, shopping centers were synonymous with consumption. They had organized environments, lower ceilings and smaller shop windows, and were designed to have little or no interaction with the external environment. The malls had many anchor stores and departments. Food was tantamount to fast food, and leisure entertainment meant movies.

  • ABL
  • 120
*data from jan/2019

1986 to 1995

Period of consolidation of the existing malls, in addition to other business experiences!

During this time, Multiplan completes 15 expansions in its operating shopping centers and opened its first international venture, CascaiShopping, in Portugal, which would later be sold to its Portuguese partner. Multiplan innovates with the inauguration of the BarraShopping Medical Center, the first medical center inside a shopping mall. In the real estate segment, the Company delivers the Barra Golden Green residential condominium (Rio de Janeiro) and the Morumbi OfficeTower (São Paulo).

Inside the Mall:

In these years, the malls are now meeting the demand for convenience, reducing the exclusive focus on consumption. The environments gain more natural light, with the opening of ceiling skylights, and with a greater variety of shops and activities. The tenants’ mix begins to be affected by changes in consumer habits. Gourmet areas are created featuring fashionable restaurants, as are new leisure and entertainment options.

  • ABL
  • 180
*data from jan/2019

1996 to 2005

Resuming new project development!

Four malls are born, increasing from five to nine the number of assets in Multiplan’s portfolio: DiamondMall (Belo Horizonte), New York City Center (Rio de Janeiro), ShoppingAnáliaFranco (São Paulo) and ParkShoppingBarigüi (Curitiba), besides eight expansions completed in the period.
In the real estate segment, we deliver the Centro Empresarial BarraShopping (“BarraShopping Business Center”) in Rio de Janeiro, the II Villaggio, a luxury residential condominium in Miami, and two residential buildings in the Peninsula region of Barra da Tijuca, Rio de Janeiro.

Inside the Mall:

During this period, consumers start pursuing convenience, speed and wellness, and the malls adapt to optimize clients’ time, offering even more services, such as workout academies, supermarkets and corporate offices attached to malls. The store spaces themselves become more segmented, expediting the search for specific products and services.

  • ABL
  • 351
*data from jan/2019

2006 to 2015

IPO and accelerating growth!

The period marks the beginning of the trading of Multiplan’s stock, in 2007. With the proceeds from the IPO, Multiplan accelerates its development and inaugurates seven new shopping centers, located in Porto Alegre, São Paulo, São Caetano, Jundiaí, Rio de Janeiro, and Maceió. The Company acquires two assets, Shopping Pátio Savassi, in Belo Horizonte, and Shopping Santa Úrsula, in Ribeirão Preto. In the real estate segment, five commercial and residential towers are delivered, all linked to the Company’s shopping centers in Porto Alegre, São Paulo and Brasília. In 2015, Multiplan’s stock was included in the Bovespa Index, the main Brazilian stock index.

Inside the Mall:

In this period, visitors are now valuing the new experiences offered by malls, and stores are more than just a point-of-sale, becoming branding exposure spaces. They offer the public sensory experiences, practical classes and new interactions. The malls gain more greenery, parks and open-sky areas for events, as well as customized environments for specific audiences such as families and teenagers.

  • ABL
  • 858
  • Sales in Shopping Malls
  • R$13.3 B
  • Net Revenue
  • R$1,085.4 M
*data from jan/2019

2016 until today

Planning the next cycle of growth, and beginning the Omni era!

Multiplan opens ParkShoppingCanoas in Rio Grande do Sul and increases its stake in BarraShopping, MorumbiShopping and ParkShoppingBarigüi. Construction work on ParkJacarepaguá in Rio de Janeiro begins in 2018, the company’s 20th shopping center.

Inside the Mall:

With the emergence of new technologies and the change in consumer habits, malls begin to adapt to the digital era. The Omnichannel concept arises, linking the online to the physical retail activity, thus enhancing the consumer experience.

With cleaner architecture and a growing concern about the use of sustainable materials — adapting them to different types of projects and tenants — the locales are more welcoming. They feature additional green areas and spaces reserved for social interactions, supplanting the existing public environments for those that are safer and increasingly offer greater convenience.

  • ABL
  • 922
  • Sales in Shopping Malls
  • R$15.5 B
  • Net Revenue
  • R$1,250.9 M
*data from jan/2019

1975 to 1985

1986 to 1995

1996 to 2005

2006 to 2015

2016 until today