- Business
- Iguatemi S.A. (IGTI11.SA) operates as one of Brazil's largest full-service companies in the shopping center sector, focusing on the development, planning, management, and commercial exploitation of upscale shopping malls, premium outlets, leisure and entertainment facilities, and mixed-use real estate complexes including commercial towers; core revenue streams encompass rents from leasable spaces, service provision such as administration and parking operations, property sales, promotional space leasing, and merchandising studies and projects. The company manages a portfolio of approximately 17 assets, including flagship properties like Iguatemi São Paulo, JK Iguatemi, Pátio Higienópolis, Pátio Paulista, Iguatemi Campinas, Iguatemi Brasília, Praia de Belas, and RIOSUL Shopping Center, alongside outlets such as I Fashion Outlet Novo Hamburgo and I Fashion Outlet Santa Catarina, with operations concentrated in key consumption regions across the South, Southeast, and Central-West of Brazil.[image from tool but no image][ from portfolio] Founded in 1946 and headquartered in São Paulo, Brazil, Iguatemi is controlled by the Jereissati Group, listed on B3 since its pioneering IPO in 2007 as the first full-service shopping center firm, and rebranded from Jereissati Participações S.A. in November 2021. Recent developments include strategic acquisitions such as participations in BRASC Shopping Centers, BRASC Higi Shopping Centers, and related entities in early 2025 to bolster portfolio quality; sales of stakes in assets involving partners RBR and Funsepi to optimize balance sheet with BRL 654 million in circulating assets; ongoing M&A negotiations including with Brookfield and BB Premium Malls Fundo for mall transactions announced in late 2024; H&M's first Brazil store opening at Iguatemi São Paulo in H1 2025 with expansion plans; and new store signings adding 8,000 square meters of gross leasable area in Rio de Janeiro, Porto Alegre, and Sorocaba by H1 2026, alongside marketplace revitalization via Iguatemi 365 and media product growth driving 15.9% increases in temporary rents.