A Iguatemi (IGTI11), one of the largest companies in the shopping centers of Brazil, announces to the market the launch of the expansion of Iguatemi Brasília with a total investment of R$ 236 million.
With the expansion, another 15,500 square meters of free gross area (GLA) will be added, which combined with the existing areas totals 50,100 square meters. The work is scheduled to begin in the first quarter of 2025.
The mall's expansion will be the first phase of a larger project that will also feature, according to the company, the construction of a boutique office tower, fully connected to the mall. The project adds more than 90 new stores to the development.
Last Wednesday (02), the company held an event for partners and retailers to present the project. In the statement, Iguatemi also informed that on October 9th it will hold an event in São Paulo at JK Iguatemi with the aim of showcasing the project.