Retail Brazil II
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During spring 2011, Retail Brazil II A/S - listed in VP Securities - completed two capital raises. The share capital of approximately DKK 52 million was transferred to its Brazilian subsidiary and it is now available in cash.
High demand, lower unemployment and stronger purchasing power from the middle class make investments in the retail sector very attractive. Our investment strategy is the acquisition of retail properties/centers and office properties primarily in Northeastern Brazil.
There is very low idling in existing shopping centers in Brazil and a large establishment desire in retail chains, which are experiencing double digit annual growth rates. Purchases will be conducted in major cities in growth, with a catchment area of at least 200,000 inhabitants. The strategy is to keep the acquired properties in 5-8 years. Office properties cannot exceed 20%.