Brazilian Land (“BL”) is a real estate development company based in Sao Paulo Brazil. BL has identified a gap in the market to develop Power Centers as they known in the US or Retail Parks as they are known in Europe, throughout Brazil.
WHAT IS A POWER CENTER/RETAIL PARK
It is a development of free standing or attached “big boxes”, typically constructed of warehouse type construction, which are rented or sold to such tenants/occupiers as hypermarket chains, DIY stores, white goods and domestic appliance retailers, electronics, furniture, etc..
There will typically be lots of surface car parking (typically a Power Center site will be covered 25% by the building footprint and the rest by parking and circulation space. An example of a Power Centre is attached
CURRENT COMPETITORS TO POWER CENTERS
Typically the occupiers/tenants that would usually lease or own such space occupy standalone units with their own independent car parking. As of today, there are neither any Power Centers in Brazil nor any developers building Power Centers.