In early 2007, we teamed up with our good friend and F15 partner, James Morse, to start looking at the Brazilian property market. We were initially attracted to this market by the growth and increased economic stability witnessed in Brazil in recent years, resulting in an emerging middle class with expendable incomes.

After several months of research, we became convinced that the retail sector offered us the best opportunity.

Following this decision, James relocated to São Paulo on a permanent basis and we created a strong relationship with a local partner Claudio Politi. Claudio has over 25 years of experience of planning and developing retail projects in Brazil and his skill and reputation has enabled us to effectively enter the market.

We purchased our first asset, the Bonsucesso Shopping Mall in São Paulo,in March 2008 we have extended this from 17,000 sq m to 25,000 sqm.

The scale of this opportunity is such that we anticipate having a long-term presence in Brazil.

Find out more about our
projects in Portugal by visiting our website
Visit the Squarestone Brazil website.