Sole Financial Advisor
May 2, 2016

Overview


  • CBRE Capital Advisors and CBRE Capital Markets acted as sole financial advisor on the sale of Walmart Chile's shopping center portfolio to Confuturo and CorpSeguros at a value of USD $646 million. 
    • The transaction represents one of the largest brokered transactions ever in the Latin America region
    • The portfolio consists of 10 shopping centers operated under the Espacio Urbano brand and the sale contemplates the simultaneous leaseback of the Lider and Express de Lider supermarkets within the shopping centers on long term leases
    • The portfolio has a gross leasable area of approximately 250,000 square meters, occupancy rate of over 95% and received over 70 million annual visitors
  • Walmart Chile is the local subsidiary of Wal-Mart Stores Inc., the parent of Lider and Express de Lider and the main supermarket operator in the country. Confuturo and CorpSeguros is the second largest insurance group by assets in Chile.
  • CBRE combined expertise from CBRE Capital Markets Chile, CBRE Capital Advisors Latin America and CBRE Capital Advisors.


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