Notice to the Market
Opening of the Metrô Tucuruvi Mall
São Paulo, April 12, 2013. JHSF Participações S.A. announces the opening of the Metrô Tucuruvi mall, the first mall fully integrated to a subway station and a bus terminal in the North region of São Paulo city, on April 18, 2013.
The mall is located on Avenida Dr. Antonio Maria de Laet, 566, in a privileged area, at the confluence of the Antônio Maria de Laet, Paranabi and Paulo de Faria streets, close to the Avenida Tucuruvi. It will be the single mall within a radius of four kilometers, and will serve primarily the Tuvuruvi, Jardim São Paulo, Horto Florestal, Santana and Serra da Catarareira neighborhoods.
We estimate that 2.0 million people per month will circulate in the mall, which is integrated to the Tucuruvi subway station - the last station of the blue line, where about 1.5 million users circulate per month - and also to a bus terminal.
Phases 1 and 2 of the Metrô Tucuruvi Mall development will have 32,870 sq.m of leasable area and 1,700 parking spots. The mall will feature several options for shopping and leisure, 236 stores, 61 restaurants and 6 modern Cinemark theaters. Leasing has already reached 98% of the available spaces. The design of single corridors with escalators at both ends, eases the access and circulation of consumers, and supports the visibility of all stores.
The mall includes stores with very well established and recognized brands in the beauty, wellness, fashion and entertainment segments, including: Memove, which sells fashion items in a pleasant environment filled with technology; Ikesaki, superstore with the best beauty items; Magazine Luiza; Academia K2; Preçolândia; C&A; Siberian; Vivara; MOfficer; PBKids; Arezzo; Hering Kids; and the Bar do Alemão.
Facts and Numbers
Phases 1 and 2 totaling 32,870 sq.m of leasable area
Potential expansion to 49,065 sq.m of leasable area
Management by JHSF
236 stores in total
6 modern Cinemark theaters
9 anchor stores, including Memove, Ikesaki, Renner, Magazine Luiza, Marisa, C&A, Riachuelo, Casas Bahia and Preçolândia
61 restaurants, including the Bar do Alemão
Parking with a total of 1,700 spots
Direct access to a subway station and a bus terminal
Single corridor that facilitates circulation and visibility of all stores
We expect circulation of 70,000 people per day and 25.2 million people per year
The investment in the development of Phases 1 and 2 of the Metrô Tucuruvi Mall totals R$ 238.4 million (or R$ 187.0 million, net of key money) and our expectation is that the mall generate a recurring NOI (net operating income), of approximately R$ 73.7 million.
This is the first of a sequence of three malls openings planned by JHSF this year: after the Metrô Tucuruvi mall, we expect to inaugurate the Ponta Negra mall, located in Manaus/AM, and the Catarina Fashion Outlet, located in São Roque/SP.
The Metrô Tucuruvi mall is part of a strategic plan to strongly increase the Company's recurring income business, which includes malls and commercial properties. The ongoing projects will help increasing the Company's total revenue to R$ 230 million in 2013 and R$ 430 million by 2015, as presented in the chart below. By 2015, the recurring income business will be the largest of JHSF in terms of cash generation and results.
About JHSF
JHSF is one of the leading companies in real estate in the Brazilian real estate industry, with a significant presence in the development of large scale and mixed use residential and office projects, development and management of shopping malls, and upscale hotel. The company is recognized for its pioneering spirit, quality standards and the ability to identify new business opportunities that generate highly positive impact in the regions where they are deployed.
First company to integrate residential, commercial and leisure development in a single large-scale and mixed use enterprise, JHSF is responsible for Parque Cidade Jardim project. The largest in the history of the real estate market in the São Paulo surroundings since 1985, the project brings together nine residential towers, three office towers and the Shopping Cidade Jardim. The company also is developing mixed-use developments in other states and also was pioneer in the development of the first totally integrated shopping to a subway station in São Paulo, the Shopping Santa Cruz.. More information: www.jhsf.com.br/ri.
JHSF Contact
Eduardo S. Camara
Marc Grossmann
Juliana Freitas
ri@jhsf.com.br
55 11 3702-JHSF (5473)
This statement contains statements and prospective information regarding JHSF. Such statements and prospective information are based on assumptions and future expectations that may not happen and are not a guarantee of the future performance of the company.
Investors should be forwarded that the above statements and prospective information are and will, as applicable, subject to risks, uncertainties and other aspects relative to the operations and business environment of JHSF and its subsidiary and/or associated companies, for which reason the actual results of the companies may be considerably different from the future results expressed or implied in this material.
Although JHSF believes that the assumptions and expectations employed in the disclosure of the statements and prospective information are reasonable and based on data presently available to company management, JHSF cannot guarantee the results or future events. JHSF is formally exempted from updating any of the statements and prospective information contained herein.
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