Iguatemi S.A.

Iguatemi is the third largest Brazilian firm working within the fields of creation, planning, development, and administration of shopping centers after BR Malls and Multiplan. Iguatemi has shareholdings in 16 shopping malls, 1 premium outlet and 3 office towers that account for 657.000 m² of gross leasable area (GLA). Such space is used by 3.004 stores that welcome approximately 10 million customers per month.[1]

Iguatemi Empresa de Shopping Centers S.A.
TypeSociedade Anônima
B3: IGTA3
Ibovespa Component
IndustryShopping malls
Founded(1979)
HeadquartersSão Paulo, Brazil
Key people
Carlos Jereissati (CEO)
Revenue US$ 185.9 million (2018)
. US$ 67.0 million (2018)
Websitewww.iguatemi.com.br

The firm is controlled by Grupo Jereissati in the businesses of shopping centers and outlets.[2]

History

In May 1979 Iguatemi Empresa de Shopping Centers SA was established. In the same year, Iguatemi purchased the construction firm Construtora Alfredo Matias SA, one of the owners of Iguatemi São Paulo, Brazil's oldest mall. In May 1980, the company Iguatemi opened the shopping mall Iguatemi Campinas in the countryside of São Paulo. Three years later, in 1983, the firm opened Iguatemi Porto Alegre.

Iguatemi's expansion had a boost in the 1990s with the openings of the shopping centers Praia de Belas in 1991; Shopping Market Place in São Paulo in 1995, which represents the firm's second mall in São Paulo; Iguatemi Rio in 1996, the firm's first mall in Rio de Janeiro which was sold to Ancar Ivanhoé in 2012; Iguatemi Caxias do Sul in 1996, the firm's third enterprise in the state of Rio Grande do Sul; and finally Iguatemi São Carlos in 1997.[3] Iguatemi Florianópolis was opened in 2007, the same year in which the firm held its IPOat Bolsa de Valores de São Paulo (BOVESPA). In the following years, the firm opened Iguatemi Alphaville (2011), JK Iguatemi (2012), Iguatemi Ribeirão Preto (2013), Iguatemi Esplanada (2013), and Iguatemi Rio Preto (2014).[4] JK Iguatemi, opened in June 2012, was a partnership of Iguatemi Empresa de Shopping Centers and WTorre Empreendimentos Imobiliários JK Iguatemi welcomed the first stores of GAP, Miu Miu, Hermès and Sephora in Brazil.[5][6][7] In March 2014, WTorre sold its sharehold in the enterprise to Iguatemi Empresa de Shopping Centers and Fundo TIAA-CREF. Nowadays, Iguatemi holds 64% of JK Iguatemi and Fundo TIAA-CRE 36% of it.[8][9]

In 2013, Iguatemi started its operations in the business of premium outlets by purchasing 41% of Platinum Outlet in Novo Hamburgo. Furthermore, the company announced the construction of two outlets, the first one in Nova Lima (MG) and the second one in Tijucas (SC).[10] Also in 2013, Iguatemi became responsible for the administration of the shopping center Pátio Higienópolis in the city of São Paulo. In 2014, Iguatemi was elected for the seventh time in a row one of Brazil's most valuable brands. The study was conducted by Brand Analytics and Iguatemi was selected as the 22nd most valuable Brazilian brand.[11]

Shopping centers owned by the firm

São Paulo
  • Iguatemi São Paulo - São Paulo
  • Market Place - São Paulo
  • JK Iguatemi - São Paulo
  • Iguatemi Alphaville - Barueri
  • Iguatemi Campinas - Campinas
  • Iguatemi São Carlos - São Carlos
  • Iguatemi Rio Preto - São José do Rio Preto
  • Iguatemi Ribeirão Preto - Ribeirão Preto
  • Iguatemi Esplanada - Sorocaba
  • Galleria Shopping - Campinas

Distrito Federal
  • Iguatemi Brasília - Brasília

Rio Grande do Sul
  • Iguatemi Porto Alegre - Porto Alegre
  • Praia de Belas Shopping - Porto Alegre
  • I Fashion Outlet Novo Hamburgo - Novo Hamburgo

Santa Catarina
  • I Fashion Outlet Santa Catarina - Tijucas

Shopping malls run by Iguatemi
  • Pátio Higienópolis

References
  1. "Iguatemi investe em expansão dos shoppings" (in Portuguese). Valor. October 4, 2013. Retrieved 2014-06-09.
  2. "Acionistas da Jereissati aprovam conversão de ações PN em ON" (in Portuguese). Valor. Retrieved 2014-06-09.
  3. "Jeressati agita mercado" (in Portuguese). Isto e Dinheiro. Archived from the original on 2014-06-06.
  4. "'O Brasil agora tem um mercado para os outlets', diz diretor do Iguatemi" (in Portuguese). O Estado de S.Paulo. 2014-04-14. Retrieved 2014-06-09.
  5. "Temas criativos mudam cenário" (in Portuguese). Valor Economico. 2013-11-28. Retrieved 2014-06-09.
  6. "Por que comprar 50% do JK Iguatemi pode ser vantajoso" (in Portuguese). Exame Negócios. November 5, 2013. Retrieved 2014-06-09.
  7. "Shoppings de luxo de São Paulo oferecem mimos para atrair endinheirados" (in Portuguese). UOL. August 2, 2012. Retrieved 2014-06-09.
  8. "Cade aprova saída do Grupo WTorre do JK Iguatemi" (in Portuguese). Exame Noticias. 2014-03-21. Retrieved 2014-06-09.
  9. "Iguatemi eleva fatia no JK Iguatemi para 64%" (in Portuguese). Folha de S. Paulo. 2014-02-18. Retrieved 2014-06-09.
  10. "Modelo de Outlet atrai o mercado de luxo" (in Portuguese). Epoca Negocios. Retrieved 2014-06-09.
  11. "As 50 marcas mais valiosas do Brasil em 2014" (in Portuguese). Exame. 2014-04-25. Retrieved 2017-06-09.


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