[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"documento:FPNG11:3485":3,"seo:\u002Fdetalhes\u002FFPNG11\u002Fdocumentos\u002F3485":16,"fii-documento:FPNG11":94},{"id":4,"descricao":5,"assunto":6,"tipo":7,"situacao":8,"texto":9,"link_pdf":10,"estruturado":11,"link_original":12,"data_referencia":13,"data_entrega":14,"versao":15},3485,"(FPNG) Laudo de Avaliação (Conclusão de Negócio) - 31\u002F12\u002F2024","","Laudo de Avaliação (Conclusão de Negócio)","(Ativo)","\u003Ch2>\u003Cstrong>Laudo de Avaliação\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cstrong>Shopping DiamondMall Avenida Olegário Maciel, 1600 – Santo Agostinho Belo Horizonte \u002F MG.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>FUNDO DE INVESTIMENTO IMOBILIÁRIO PEDRA NEGRA RENDA IMOBILIÁRIA (CNPJ\u002FMF Nº 17.161.979\u002F0001-82) REPRESENTADO PELA BR CAPITAL\u003C\u002Fp>\u003Cp>Ref.: 24_41500_7\u003C\u002Fp>\u003Cp>\u003Cstrong>Dezembro de 2024\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Av. Pres. Juscelino Kubitschek, n° 1830 12° Andar – Torre 4 Itaim Bibi, São Paulo\u003C\u002Fp>\u003Cp>contato@binswanger.com.br +55 11 2986.1101 www.binswangerbrazil.com.br\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0002-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Cp>São Paulo, 06 de dezembro de 2024\u003C\u002Fp>\u003Ch5>\u003Cstrong>BR CAPITAL\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>A\u002FC \u003Cstrong>Jacqueline de França Carmo\u003C\u002Fstrong> \u003Cem>Contabilidade\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cstrong>\u003Cem>REF: Shopping Center localizado na Avenida Olegário Maciel, 1600 – Santo Agostinho – Belo Horizonte \u002F MG\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Atendendo à solicitação da BR Capital, a BINSWANGER BRAZIL efetuou a avaliação do imóvel em referência, determinando seu \u003Cstrong>Valor de Mercado para Venda\u003C\u002Fstrong> na data-base novembro de 2024.\u003C\u002Fp>\u003Cp>No relatório anexo descrevemos a propriedade em estudo, bem como a metodologia utilizada para o cálculo dos valores.\u003C\u002Fp>\u003Cp>Consideramos que, mediante a entrega deste relatório, os serviços objeto de nossa proposta encontram-se totalmente concluídos.\u003C\u002Fp>\u003Cp>Agradecemos a oportunidade de elaborarmos este trabalho e colocamo-nos à disposição para dirimir quaisquer eventuais dúvidas.\u003C\u002Fp>\u003Cp>Atenciosamente,\u003C\u002Fp>\u003Cp>ISABELA DORA COSTA Assinado de forma digital por ISABELA DORA COSTA MONASTERSKY:14400445895 MONASTERSKY:14400445895 Dados: 2025.01.20 15:04:11 -03'00'\u003C\u002Fp>\u003Cp>Isabela Dora Costa Monastersky - MRICS BINSWANGER BRAZIL\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0002-12.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0003-00.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>SUMÁ\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>RIO .......................................................................................................... 5\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>1.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>INTRODUÇÃO ............................................................................................. 6\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>1.1.\u003C\u002Ftd>\u003Ctd>Objeto e Escopo da Avaliação .................................................................................................. 6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>1.2.\u003C\u002Ftd>\u003Ctd>Considerações Iniciais .............................................................................................................. 6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>1.3.\u003C\u002Ftd>\u003Ctd>Condições Limitantes ............................................................................................................... 6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>1.4.\u003C\u002Ftd>\u003Ctd>Eventos Subsequentes ............................................................................................................. 7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>2.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>DOCUMENTAÇÃO ....................................................................................... 8\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>3.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>CARACTERIZAÇÃO DAREGIÃO ........................................................................ 9\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3.1.\u003C\u002Ftd>\u003Ctd>Localização ............................................................................................................................... 9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>3.2.\u003C\u002Ftd>\u003Ctd>Entorno .................................................................................................................................. 10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>4.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>CARACTERIZAÇÃO DOIMÓVEL .......................................................................12\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4.1.\u003C\u002Ftd>\u003Ctd>Quadro de Áreas .................................................................................................................... 12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4.2.\u003C\u002Ftd>\u003Ctd>Descrição do Imóvel ............................................................................................................... 18\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>4.3.\u003C\u002Ftd>\u003Ctd>Histórico de Propriedade ....................................................................................................... 28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>5.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>MERCADOIMOBILIÁRIO NAREGIÃO ...............................................................29\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5.1.\u003C\u002Ftd>\u003Ctd>Panorama de Mercado .......................................................................................................... 30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5.2.\u003C\u002Ftd>\u003Ctd>Shoppings Centers ................................................................................................................. 36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>5.3.\u003C\u002Ftd>\u003Ctd>Concorrência .......................................................................................................................... 45\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>6.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>ANÁLISE DE OPERAÇÃO ........................................................................46\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6.1.\u003C\u002Ftd>\u003Ctd>Aluguel Mínimo ...................................................................................................................... 46\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6.2.\u003C\u002Ftd>\u003Ctd>Aluguéis Complementares ..................................................................................................... 49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6.3.\u003C\u002Ftd>\u003Ctd>Vacância ................................................................................................................................. 51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6.4.\u003C\u002Ftd>\u003Ctd>Receita de Estacionamento ................................................................................................... 51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6.5.\u003C\u002Ftd>\u003Ctd>Despesas ................................................................................................................................ 52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6.6.\u003C\u002Ftd>\u003Ctd>Resultado Operacional Líquido .............................................................................................. 53\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>6.7.\u003C\u002Ftd>\u003Ctd>Resultado Líquido .................................................................................................................. 54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>7.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>METODOLOGIAEMPREGADA ........................................................................55\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>8.\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>CÁLCULO DOVALOR DOIMÓVEL ....................................................................56\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.1.\u003C\u002Ftd>\u003Ctd>Áreas Adotadas - ABL ............................................................................................................. 56\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.2.\u003C\u002Ftd>\u003Ctd>Aluguel Mínimo e Percentual \u002F Complementar ..................................................................... 61\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.3.\u003C\u002Ftd>\u003Ctd>Cessão De Direito de Uso (CDU) e Taxa de Transferência ..................................................... 61\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.4.\u003C\u002Ftd>\u003Ctd>Mall E Merchandising ............................................................................................................ 61\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.5.\u003C\u002Ftd>\u003Ctd>Multas Contratuais \u002F Recuperações ...................................................................................... 62\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.6.\u003C\u002Ftd>\u003Ctd>Crescimentos Previstos .......................................................................................................... 62\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.7.\u003C\u002Ftd>\u003Ctd>Receita de Estacionamento Líquida ....................................................................................... 63\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.8.\u003C\u002Ftd>\u003Ctd>Vacância ................................................................................................................................. 63\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.9.\u003C\u002Ftd>\u003Ctd>Inadimplência ........................................................................................................................ 64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.10\u003C\u002Ftd>\u003Ctd>. Despesas Gerais ..................................................................................................................... 64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.11\u003C\u002Ftd>\u003Ctd>. Turnover ................................................................................................................................ 64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.12\u003C\u002Ftd>\u003Ctd>. Investimentos \u002F FRA ............................................................................................................... 64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.13\u003C\u002Ftd>\u003Ctd>\u003Cbr>. Arrendamento ....................................................................................................................... 65\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0004-00.png\">\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>8.14. Cálculo do Valor do Imóvel .................................................................................................... 65\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>8.15. Fluxo de Caixa da Projeção das Receitas, Despesas e Investimentos – Operação Shopping\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>DiamondMall ..................................................................................................................................... 66\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8.16. Fluxo de Caixa da Projeção das Receitas, Despesas e Investimentos – Participação FII Pedra\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Negra (24,95%) .................................................................................................................................. 67\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>9.\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>CONCLUSÃO DAAVALIAÇÃO .........................................................................68\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>APÊNDICEA – AVALIAÇÃO– SHOPPINGCENTER ........................................................69\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>ANEXOA – DOCUMENTAÇÃO DOIMÓVEL.................................................................72\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>\u003Cstrong>SUMÁRIO\u003C\u002Fstrong>\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>INTERESSADO\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>BR Capital\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>PROPRIETÁRIO\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>24,95% FII Pedra Negr\u003Cbr>75,05% Grupo Multipl\u003C\u002Ftd>\u003Ctd>a\u003Cbr>an\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>OCUPAÇÃO\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Imóvel Ocupado\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>OBJETIVO\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Valor de Mercado de\u003C\u002Ftd>\u003Ctd>Venda e Liquidação Forçada\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>FINALIDADE\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Determinação de Valo\u003C\u002Ftd>\u003Ctd>r de Ativos\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>IDENTIFICAÇÃO\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Shopping DiamondM\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>all\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>TIPOLOGIA\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Shopping\u003C\u002Fstrong> \u003Cstrong>Center\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>OBJETO\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Endereço\u003C\u002Ftd>\u003Ctd>Avenida Olegário Maciel, 1600\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Bairro\u003C\u002Ftd>\u003Ctd>Santo Agostinho\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Cidade\u002FUF\u003C\u002Ftd>\u003Ctd>Belo Horizonte \u002F MG\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Área de Terreno\u003C\u002Ftd>\u003Ctd>13.352,00 m²\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Área Construída\u003C\u002Ftd>\u003Ctd>74.304,28 m²\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Área Bruta Locável\u003C\u002Ftd>\u003Ctd>24.048,68 m²\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Vagas Garagem\u003C\u002Ftd>\u003Ctd>1.066\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Idade do Imóvel\u003C\u002Ftd>\u003Ctd>26 anos\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>DATA VISTORIA\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>28\u002F11\u002F2024\u003C\u002Ftd>\u003Ctd>\u003Cstrong>DATA BASE\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Novembro\u002F2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>DATA DA ÚLTIMA AVALIAÇÃO\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Novembro\u002F2023\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>ACOMPANHANTE\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Dione Teixeira\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>\u003Cem>O relatório baseou-se no demonstrativo de resultados até 31 de agosto de 2024.\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch4>\u003Cstrong>CONCLUSÃO DE VALOR\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>VALOR VENDA\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>TOTAL\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>100%\u003C\u002Fth>\u003Cth>(Renda - Fluxo\u003Cbr>de Caixa)\u003C\u002Fth>\u003Cth>\u003Cstrong>R$ 1.180.590.000\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Um Bilhão,\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Quinhentos E\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Cento E Oitenta Milhões,\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Noventa Mil Reais\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>PARTICIPAÇÃO FII\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>PEDRA NEGRA\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>24,95%\u003C\u002Ftd>\u003Ctd>(Renda - Fluxo\u003Cbr>de Caixa)\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 223.083.000\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Duzentos E Vi\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Três Mil Reais\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>nte E Três Milhões, Oitenta E\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>ESPECIFICAÇÃO DA AVALIAÇÃO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>METODOLOGIA\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>GRAU DE FUNDAMENTAÇÃO\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>GRAU DE PRECISÃO\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Renda:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Grau I\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>n\u002Fa\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0006-00.png\">\u003C\u002Fp>\u003Ch3>\u003Cstrong>1. INTRODUÇÃO\u003C\u002Fstrong>\u003C\u002Fh3>\u003Ch4>\u003Cstrong>1.1. OBJETO E ESCOPO DA AVALIAÇÃO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>BR Capital\u003C\u002Fstrong> solicitou à Binswanger a avaliação de um Shopping Center, determinando seu Valor Justo para Venda (Fair Value), na data-base novembro de 2024, visando a suportar decisões gerenciais.\u003C\u002Fp>\u003Ch4>\u003Cstrong>1.2. CONSIDERAÇÕES INICIAIS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Visando a atender ao objetivo solicitado, \u003Cstrong>realizamos vistoria do imóvel\u003C\u002Fstrong>, pesquisa do mercado imobiliário local e cálculo dos valores. Utilizamos, também, informações gerenciais verbais ou escritas, recebidas através da contratante.\u003C\u002Fp>\u003Cp>Todas as dependências as quais foram possíveis o acesso, foram visitadas, entretanto, a inspeção e o levantamento foram predominantemente visuais.\u003C\u002Fp>\u003Ch4>\u003Cstrong>1.3. CONDIÇÕES LIMITANTES\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cul>\u003Cli>\u003Cp>✓ Efetuamos análises e procedimentos por nós considerados adequados, contudo a Binswanger Brazil não se responsabiliza por informações fornecidas por terceiros e não será responsável, sob qualquer hipótese, por quaisquer danos ou perdas resultantes da omissão de informações por parte do contratante ou de terceiros consultados durante o desenvolvimento desta avaliação;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Os dados obtidos no mercado imobiliário local foram fornecidos por corretores, imobiliárias e profissionais habilitados, portanto, são premissas aceitas como corretas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Os profissionais envolvidos neste trabalho não têm interesses financeiros nos bens aqui avaliados, caracterizando a sua independência;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Os honorários cobrados não têm qualquer relação com os valores aqui avaliados;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Esta avaliação considera a propriedade livre e desembaraçada de quaisquer ônus, reclamações e outros comprometimentos legais, e a inexistência de quaisquer problemas relacionados a passivos ambientais, bem como processos de desapropriação ou melhoramentos viários que venham a atingir a área;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ O objetivo deste trabalho não inclui investigação em documentos e registros da propriedade e não é responsabilidade da Binswanger Brazil, identificar ou corrigir eventuais deficiências na\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0007-00.png\">\u003C\u002Fp>\u003Cp>propriedade aqui avaliada, incluindo físicos, financeiros e ou legais. Assumimos que as medidas do imóvel, bem como seus respectivos títulos estejam corretos e registrados em cartório e que a documentação enviada para consulta seja a vigente;\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>✓ Não foram consultados órgãos públicos nos âmbitos Municipal, Estadual ou Federal, quanto à situação legal e fiscal do imóvel perante eles;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Não foram efetuadas medições de campo ou pesquisas de passivos ambientais no solo;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Não foram analisadas as condições estruturais do imóvel, apenas identificamos e apontamos (se houver) avarias aparentes;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Não foram avaliados máquinas e equipamentos, móveis e utensílios, cultivos, semoventes ou quaisquer outros bens móveis que possam existir na propriedade;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Os valores encontrados estão fixados em moeda corrente Real (R$) e para a data base de seus cálculos;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ Essa avaliação não deve ser utilizada para qualquer outra finalidade que não a mencionada no “Sumário Executivo” deste relatório;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ O presente relatório analisa o imóvel e sua operação, neste sentido não foi verificada a estrutura de endividamento do empreendimento em questão.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ch4>\u003Cstrong>1.4. EVENTOS SUBSEQUENTES\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Essa avaliação não reflete qualquer evento que possa ocorrer entre a data-base e a data deste relatório. A BINSWANGER BRAZIL não é obrigada a atualizar os valores deste relatório após a data de emissão.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0008-00.png\">\u003C\u002Fp>\u003Ch3>\u003Cstrong>2. DOCUMENTAÇÃO\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>Esta avaliação foi embasada nos seguintes documentos recebidos do contratante:\u003C\u002Fp>\u003Ch6>\u003Cstrong>Contrato de Arrendamento\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Outorgante:\u003C\u002Fth>\u003Cth>Clube Atlético Mineiro\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Outorgado:\u003C\u002Ftd>\u003Ctd>Consórcio MTS\u002FIBR: Multishopping Empreendimentos Imobiliários AS e IBR\u003Cbr>Administração, Participação e Comércio AS\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Data de Início:\u003C\u002Ftd>\u003Ctd>28 de julho de 1992\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Prazo:\u003C\u002Ftd>\u003Ctd>30 de novembro de 2030\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>▪ Maior entre:\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>o Aluguel Mínimo: R$ 115.203,52 (valor de 20 de janeiro 2020)\u003Cbr>o Aluguel Percentual: 15% dos aluguéis de lojas “stands” ou áreas do\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Arrendamento:\u003C\u002Ftd>\u003Ctd>centro de compras;\u003Cbr>▪ 10% da receita bruta decorrente da exploração do Shopping a título de\u003Cbr>“cessão de direitos de uso”;\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>▪ 15% dos aluguéis recebidos em decorrência da sublocação do\u003Cbr>estacionamento.\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch6>\u003Cstrong>Outros documentos:\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>Plantas Comerciais data-base outubro\u002F2024 Resumo de Receitas e Despesas com data-base outubro\u002F2024 Demonstrativo de Vacância data-base outubro\u002F2024 Demonstrativo de Inadimplência data-base outubro\u002F2024 Resumo de Locações data-base outubro\u002F2024 Contratos do piso L4 – data-base novembro\u002F2024\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0009-00.png\">\u003C\u002Fp>\u003Cp>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cstrong>3. CARACTERIZAÇÃO DA REGIÃO\u003C\u002Fstrong>\u003C\u002Fh3>\u003Ch4>\u003Cstrong>3.1. LOCALIZAÇÃO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O mapa a seguir ilustra a localização do imóvel na região:\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0009-04.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Mapa de Localização do Imóvel\u003C\u002Fem>\u003C\u002Fp>\u003Cp>Como pontos de referência, podemos citar que o imóvel está a cerca de:\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>✓ 800m do Mercado Central de Belo Horizonte;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ 1,4 km da Praça da Liberdade; e\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ 1,6 km da Avenida do Contorno.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0010-00.png\">\u003C\u002Fp>\u003Cp>EB BINSWANGER\u003Cbr>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>3.2. ENTORNO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0010-02.png\">\u003C\u002Fp>\u003Cp>pr a. Pa pele eo EEN ET ES RS ECO) DATA\u003Cbr>4 Mo on Darío qu Dado ER ed EM RE SR Ea\u003Cbr>DDRÃE ae APetasDN Da drPYMPEIAq Eaea SS TR: Gar Aça\u003Cbr>ey, CERPas qua cia PaoEpa orneÀ ARTA É” PBMLErasCAMEma evm\u003Cbr>SS aa O LM ACOSTA2375 O S ali E = 5xs CRS\u003Cbr>TENGOSta) AGRVi DTTia e OA VOAEm <= CirNO AoaanVIMdon E: ÉMSraladoad EsPA17+ DAE5 Biloy\u003Cbr>DAR De 2 a a = queno dg and DGE o ad\u003Cbr>Ed Ê ds fa SM Bo re e MASI\u003Cbr>Eos 8: Sonia do aj E ÇE o : r ai tr\u003Cbr>E Re = 2 g: 4 Px [PR Tas Ee = Er To\u003Cbr>ed+ Visira Norgiip COPpm ae DS Ee Soa OA FeME do PRE q\u003Cbr>Pipe O a jads E tia e ÀÀ pa E a rs bin Sig É\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cem>Imagem Satélite\u003C\u002Fem>\u003C\u002Fp>\u003Ch4>\u003Cstrong>3.2.1. Descrição da região, entorno e acessos\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Uso Predominante Local:\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>Misto\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Densidade de Ocupação:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Horizontal \u002F Vertical - Alta\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Padrão Econômico:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Médio-Alto \u002F Alto\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Nível de Acesso:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Ótimo\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Intensidade do Tráfego:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Intenso\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Área de Preservação:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Não\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Polos Valorizantes:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Próximo de polo comercial \u002F hotel \u002F transporte público \u002F escolas \u002F clubes\u003Cbr>esportivos \u002F hospitais\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Polos Desvalorizantes:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Não observado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vocação:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Comercial \u002F Prestação de Serviços\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Valorização Imobiliária:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Estável\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0011-00.png\">\u003C\u002Fp>\u003Cp>EB\u003Cbr>EB BINSWANGER\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>3.2.2. Melhoramentos Urbanos e Serviços Comunitários\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>A seguir apresentamos infraestrutura urbana em um alcance de aproximadamente 1km do avaliado:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>Abastecimento de água\u003C\u002Fth>\u003Cth>\u003Cbr>Energia elétrica\u003C\u002Fth>\u003Cth>\u003Cbr>Escolas\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Cisterna \u002F Poço Artesiano\u003C\u002Ftd>\u003Ctd>\u003Cbr>Iluminação pública\u003C\u002Ftd>\u003Ctd>\u003Cbr>Correio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Esgoto pluvial\u003C\u002Ftd>\u003Ctd>\u003Cbr>Telefone\u003C\u002Ftd>\u003Ctd>\u003Cbr>Posto policial\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Esgoto sanitário\u003C\u002Ftd>\u003Ctd>\u003Cbr>Fibra ótica\u003C\u002Ftd>\u003Ctd>\u003Cbr>Serviços médicos\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Fossa\u003C\u002Ftd>\u003Ctd>\u003Cbr>Arborização\u003C\u002Ftd>\u003Ctd>\u003Cbr>Recreação e lazer\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Gás canalizado\u003C\u002Ftd>\u003Ctd>\u003Cbr>Transporte público\u003C\u002Ftd>\u003Ctd>\u003Cbr>Comércio local\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Coleta de lixo\u003C\u002Ftd>\u003Ctd>Aeroporto\u003C\u002Ftd>\u003Ctd>\u003Cbr>Agências Bancárias\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Pavimentação\u003C\u002Ftd>\u003Ctd>Rodoviária\u003C\u002Ftd>\u003Ctd>\u003Cbr>Shopping Center\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>FOTOS DE ACESSOS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0011-05.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0011-06.png\">\u003C\u002Fp>\u003Cp>Rua Gonçalves Dias\u003C\u002Fp>\u003Cp>Av. Olegário Maciel\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0011-09.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0011-10.png\">\u003C\u002Fp>\u003Cp>Rua Bernardo Guimarães\u003C\u002Fp>\u003Cp>Av Olegário Maciel\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0012-00.png\">\u003C\u002Fp>\u003Ch3>\u003Cstrong>4. CARACTERIZAÇÃO DO IMÓVEL\u003C\u002Fstrong>\u003C\u002Fh3>\u003Ch4>\u003Cstrong>4.1. QUADRO DE ÁREAS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O quadro de áreas a seguir foi extraído de documentação fornecida pelo cliente:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Documentos\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Área de terreno\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Área construída\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Área Bruta Locável\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Vagas de Garagem\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Rent Roll\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>24.048,68\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ficha Técnica (nov\u002F2023)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>13.352,00\u003C\u002Ftd>\u003Ctd>74.304,00\u003C\u002Ftd>\u003Ctd>19.194,11\u003C\u002Ftd>\u003Ctd>1.066\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>ABRASCE\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>13.352,00\u003C\u002Ftd>\u003Ctd>74.304,28\u003C\u002Ftd>\u003Ctd>21.351,00\u003C\u002Ftd>\u003Ctd>1.289\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Adotada em cálculo\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>13.352,00\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>74.304,00\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>24.048,68\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1.066\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>\u003Cem>n\u002Fi - não informado | n\u002Fa – não aplicável\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Para efeito de cálculo, foi considerada a área bruta locável (ABL), conforme demostrado abaixo:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Âncoras\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>4.578,16\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-25\u002FGD-25\u002FGD-26\u003C\u002Ftd>\u003Ctd>Cinemark\u003C\u002Ftd>\u003Ctd>2.169,92\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>M-01\u002F38\u003C\u002Ftd>\u003Ctd>Empório Verdemar\u003C\u002Ftd>\u003Ctd>1.225,44\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-01A\u002FGD-07\u003C\u002Ftd>\u003Ctd>Renner\u003C\u002Ftd>\u003Ctd>1.182,80\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mega Lojas\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>671,15\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-22\u003C\u002Ftd>\u003Ctd>Fast Shop\u003C\u002Ftd>\u003Ctd>671,15\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Satélites\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>13.584,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-47\u003C\u002Ftd>\u003Ctd>Pobre Juan\u003C\u002Ftd>\u003Ctd>494,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-16\u002F17\u002F18\u002F19\u002F19-A\u002F20\u002F21\u002F22\u002F23\u003C\u002Ftd>\u003Ctd>Outback Steakhouse\u003C\u002Ftd>\u003Ctd>461,23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-13\u002F14\u002F15\u003C\u002Ftd>\u003Ctd>Drogaria Araújo\u003C\u002Ftd>\u003Ctd>444,66\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-08\u003C\u002Ftd>\u003Ctd>Camicado\u003C\u002Ftd>\u003Ctd>348,62\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-13\u003C\u002Ftd>\u003Ctd>Leitura\u003C\u002Ftd>\u003Ctd>281,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-05\u002F06\u003C\u002Ftd>\u003Ctd>La Ville\u003C\u002Ftd>\u003Ctd>280,63\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-01\u003C\u002Ftd>\u003Ctd>Marie Cuisine\u003C\u002Ftd>\u003Ctd>278,45\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-01\u002F02\u003C\u002Ftd>\u003Ctd>Iplace\u003C\u002Ftd>\u003Ctd>271,92\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-25\u002F26\u002F27\u003C\u002Ftd>\u003Ctd>Cabaña Porteña\u003C\u002Ftd>\u003Ctd>244,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-21A\u002F22\u002F22B\u003C\u002Ftd>\u003Ctd>Adidas\u003C\u002Ftd>\u003Ctd>221,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-21\u003C\u002Ftd>\u003Ctd>Brooksfield\u003C\u002Ftd>\u003Ctd>205,60\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-22A\u003C\u002Ftd>\u003Ctd>New Balance\u003C\u002Ftd>\u003Ctd>181,03\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-11\u003C\u002Ftd>\u003Ctd>Shoulder\u003C\u002Ftd>\u003Ctd>167,56\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-30\u003C\u002Ftd>\u003Ctd>Pecorino\u003C\u002Ftd>\u003Ctd>166,35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-10\u003C\u002Ftd>\u003Ctd>Estripulia\u003C\u002Ftd>\u003Ctd>164,62\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-04\u003C\u002Ftd>\u003Ctd>Track & Field\u003C\u002Ftd>\u003Ctd>164,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-48\u003C\u002Ftd>\u003Ctd>Caravela\u003C\u002Ftd>\u003Ctd>157,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-31\u002F32\u002F33\u003C\u002Ftd>\u003Ctd>Hugo Boss\u003C\u002Ftd>\u003Ctd>152,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-09\u003C\u002Ftd>\u003Ctd>Via Veneto\u003C\u002Ftd>\u003Ctd>151,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-54\u002F55\u002F56\u003C\u002Ftd>\u003Ctd>Cacau Show\u003C\u002Ftd>\u003Ctd>140,95\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-14\u002F15\u003C\u002Ftd>\u003Ctd>Diesel\u003C\u002Ftd>\u003Ctd>140,00\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0013-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>BG-24\u002F24A\u003C\u002Ftd>\u003Ctd>Kimmiso\u003C\u002Ftd>\u003Ctd>134,33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-11\u002F12\u003C\u002Ftd>\u003Ctd>M. Martan\u003C\u002Ftd>\u003Ctd>134,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-16\u002F17\u003C\u002Ftd>\u003Ctd>Ave Rara\u003C\u002Ftd>\u003Ctd>134,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-20\u002F21\u003C\u002Ftd>\u003Ctd>Planeta Imaginário\u003C\u002Ftd>\u003Ctd>134,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-18\u002F19\u003C\u002Ftd>\u003Ctd>Souq\u003C\u002Ftd>\u003Ctd>132,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-19\u002F20\u003C\u002Ftd>\u003Ctd>Casa Almeida\u003C\u002Ftd>\u003Ctd>132,51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-10\u003C\u002Ftd>\u003Ctd>Richards\u003C\u002Ftd>\u003Ctd>129,51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-23\u002F24\u003C\u002Ftd>\u003Ctd>Pb Kids\u003C\u002Ftd>\u003Ctd>127,18\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-42\u002F43\u003C\u002Ftd>\u003Ctd>Mc Donald'S\u003C\u002Ftd>\u003Ctd>125,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-14\u002F15\u003C\u002Ftd>\u003Ctd>Osklen\u003C\u002Ftd>\u003Ctd>121,74\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-33\u002F34\u003C\u002Ftd>\u003Ctd>Lm Studio\u003C\u002Ftd>\u003Ctd>116,82\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-38\u003C\u002Ftd>\u003Ctd>Dona Conceição\u003C\u002Ftd>\u003Ctd>110,44\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-12\u002F13\u003C\u002Ftd>\u003Ctd>Reserva\u003C\u002Ftd>\u003Ctd>110,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-03\u002F04\u003C\u002Ftd>\u003Ctd>Vivo\u003C\u002Ftd>\u003Ctd>108,66\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-11\u003C\u002Ftd>\u003Ctd>Beleza Na Web\u003C\u002Ftd>\u003Ctd>108,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-85\u002F86\u003C\u002Ftd>\u003Ctd>Aramis\u003C\u002Ftd>\u003Ctd>107,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-09\u002F10\u003C\u002Ftd>\u003Ctd>Claro\u003C\u002Ftd>\u003Ctd>106,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-82\u002F83\u003C\u002Ftd>\u003Ctd>H. Stern\u003C\u002Ftd>\u003Ctd>106,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-29\u003C\u002Ftd>\u003Ctd>Eddie Fine Burger\u003C\u002Ftd>\u003Ctd>106,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-40\u002F41\u003C\u002Ftd>\u003Ctd>Arezzo\u003C\u002Ftd>\u003Ctd>104,98\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-61\u002F62\u002F63\u003C\u002Ftd>\u003Ctd>Bel Cosméticos\u003C\u002Ftd>\u003Ctd>104,97\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-63\u002F64\u003C\u002Ftd>\u003Ctd>Vivara\u003C\u002Ftd>\u003Ctd>104,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-06\u002F07\u003C\u002Ftd>\u003Ctd>Lizie\u003C\u002Ftd>\u003Ctd>99,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-30\u002F31\u002F32\u003C\u002Ftd>\u003Ctd>K9\u003C\u002Ftd>\u003Ctd>97,33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-74\u002F75\u003C\u002Ftd>\u003Ctd>Brooksfield Donna\u003C\u002Ftd>\u003Ctd>94,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-29\u002F36\u003C\u002Ftd>\u003Ctd>Mob\u003C\u002Ftd>\u003Ctd>92,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-02\u002F03\u003C\u002Ftd>\u003Ctd>Luxe\u003C\u002Ftd>\u003Ctd>91,75\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-66\u002F67\u003C\u002Ftd>\u003Ctd>Água De Coco\u003C\u002Ftd>\u003Ctd>90,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-44\u002F44A\u002F45\u003C\u002Ftd>\u003Ctd>Tim\u003C\u002Ftd>\u003Ctd>90,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-49\u002F50\u003C\u002Ftd>\u003Ctd>Colcci\u003C\u002Ftd>\u003Ctd>86,94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-03\u003C\u002Ftd>\u003Ctd>LoftyStyle\u003C\u002Ftd>\u003Ctd>85,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-30\u002FA\u003C\u002Ftd>\u003Ctd>Oficina Reserva\u003C\u002Ftd>\u003Ctd>85,36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-76\u003C\u002Ftd>\u003Ctd>Maria Filó\u003C\u002Ftd>\u003Ctd>83,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-32\u002F33\u003C\u002Ftd>\u003Ctd>Schutz\u003C\u002Ftd>\u003Ctd>81,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-69\u002F70\u003C\u002Ftd>\u003Ctd>Luiza Barcelos\u003C\u002Ftd>\u003Ctd>80,55\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-42\u002F43\u003C\u002Ftd>\u003Ctd>Lacoste\u003C\u002Ftd>\u003Ctd>80,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-16\u003C\u002Ftd>\u003Ctd>Vix\u003C\u002Ftd>\u003Ctd>79,57\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-51\u002F52\u002F53\u003C\u002Ftd>\u003Ctd>Forum\u003C\u002Ftd>\u003Ctd>77,89\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-27\u003C\u002Ftd>\u003Ctd>Kipling\u003C\u002Ftd>\u003Ctd>76,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-57\u002F57A\u003C\u002Ftd>\u003Ctd>Columbia\u003C\u002Ftd>\u003Ctd>74,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-44\u002F45\u003C\u002Ftd>\u003Ctd>Monte Carlo\u003C\u002Ftd>\u003Ctd>72,64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-46\u002F47\u003C\u002Ftd>\u003Ctd>Roscoe\u003C\u002Ftd>\u003Ctd>69,35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-48\u002F49\u003C\u002Ftd>\u003Ctd>Vivara Life\u003C\u002Ftd>\u003Ctd>68,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-39\u003C\u002Ftd>\u003Ctd>Klus\u003C\u002Ftd>\u003Ctd>68,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-38\u003C\u002Ftd>\u003Ctd>O Boticário\u003C\u002Ftd>\u003Ctd>66,53\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-18\u003C\u002Ftd>\u003Ctd>Paola Da Vinci\u003C\u002Ftd>\u003Ctd>66,27\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0014-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>OM-17\u003C\u002Ftd>\u003Ctd>Jef\u003C\u002Ftd>\u003Ctd>66,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-28\u002F29\u003C\u002Ftd>\u003Ctd>Bagaggio\u003C\u002Ftd>\u003Ctd>65,01\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-37\u002F38\u003C\u002Ftd>\u003Ctd>Óticas Carol\u003C\u002Ftd>\u003Ctd>62,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-67\u002F68\u003C\u002Ftd>\u003Ctd>Spiga\u003C\u002Ftd>\u003Ctd>61,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-31\u003C\u002Ftd>\u003Ctd>ArmyBr\u003C\u002Ftd>\u003Ctd>61,60\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-73\u003C\u002Ftd>\u003Ctd>Brooksfield Jr.\u003C\u002Ftd>\u003Ctd>61,13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-61\u002F62A\u003C\u002Ftd>\u003Ctd>Dengo\u003C\u002Ftd>\u003Ctd>59,56\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-77\u003C\u002Ftd>\u003Ctd>Intimissimi\u003C\u002Ftd>\u003Ctd>59,11\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-72\u003C\u002Ftd>\u003Ctd>Manoel Bernardes\u003C\u002Ftd>\u003Ctd>58,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-52\u002F53\u003C\u002Ftd>\u003Ctd>Optical Express\u003C\u002Ftd>\u003Ctd>57,55\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-23\u003C\u002Ftd>\u003Ctd>Usaflex\u003C\u002Ftd>\u003Ctd>56,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-43\u003C\u002Ftd>\u003Ctd>Swarovski\u003C\u002Ftd>\u003Ctd>56,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-28\u003C\u002Ftd>\u003Ctd>Bacio Di Latte\u003C\u002Ftd>\u003Ctd>55,60\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-05\u003C\u002Ftd>\u003Ctd>Decolar\u003C\u002Ftd>\u003Ctd>55,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-08\u003C\u002Ftd>\u003Ctd>Havaianas\u003C\u002Ftd>\u003Ctd>54,86\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-87\u003C\u002Ftd>\u003Ctd>L'Occitane En Provence\u003C\u002Ftd>\u003Ctd>52,69\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-07\u003C\u002Ftd>\u003Ctd>Rivers\u003C\u002Ftd>\u003Ctd>52,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-06\u003C\u002Ftd>\u003Ctd>Cute Case Store\u003C\u002Ftd>\u003Ctd>51,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-81\u003C\u002Ftd>\u003Ctd>The North Face\u003C\u002Ftd>\u003Ctd>51,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-80\u003C\u002Ftd>\u003Ctd>Cia Marítima\u003C\u002Ftd>\u003Ctd>51,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-79\u003C\u002Ftd>\u003Ctd>Pandora\u003C\u002Ftd>\u003Ctd>51,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-36\u003C\u002Ftd>\u003Ctd>Samsonite\u003C\u002Ftd>\u003Ctd>51,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-35\u003C\u002Ftd>\u003Ctd>Calzedonia\u003C\u002Ftd>\u003Ctd>51,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-09\u003C\u002Ftd>\u003Ctd>Democrata\u003C\u002Ftd>\u003Ctd>51,14\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-04\u003C\u002Ftd>\u003Ctd>Luz Da Lua\u003C\u002Ftd>\u003Ctd>51,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-08\u003C\u002Ftd>\u003Ctd>Granado Pharmácias\u003C\u002Ftd>\u003Ctd>51,07\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-41\u003C\u002Ftd>\u003Ctd>Assacabrasa\u003C\u002Ftd>\u003Ctd>50,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-41\u002FA\u003C\u002Ftd>\u003Ctd>KFC\u003C\u002Ftd>\u003Ctd>50,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-01\u003C\u002Ftd>\u003Ctd>Dudalina\u003C\u002Ftd>\u003Ctd>50,43\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-34\u003C\u002Ftd>\u003Ctd>Lindt\u003C\u002Ftd>\u003Ctd>48,98\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-12\u003C\u002Ftd>\u003Ctd>Lupo\u003C\u002Ftd>\u003Ctd>48,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-84\u003C\u002Ftd>\u003Ctd>Victor Hugo\u003C\u002Ftd>\u003Ctd>47,81\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-44\u002FB\u003C\u002Ftd>\u003Ctd>Samsung\u003C\u002Ftd>\u003Ctd>47,80\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-39\u003C\u002Ftd>\u003Ctd>Empório Vila Árabe\u003C\u002Ftd>\u003Ctd>47,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-88\u003C\u002Ftd>\u003Ctd>Galeria Tricot\u003C\u002Ftd>\u003Ctd>47,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-45\u003C\u002Ftd>\u003Ctd>Sunika\u003C\u002Ftd>\u003Ctd>47,28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-71\u003C\u002Ftd>\u003Ctd>Grand Cru\u003C\u002Ftd>\u003Ctd>46,77\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-58\u003C\u002Ftd>\u003Ctd>Danki\u003C\u002Ftd>\u003Ctd>46,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-59\u003C\u002Ftd>\u003Ctd>Adcos\u003C\u002Ftd>\u003Ctd>46,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-60\u003C\u002Ftd>\u003Ctd>Grandvision ByFotótica\u003C\u002Ftd>\u003Ctd>46,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-75\u003C\u002Ftd>\u003Ctd>Divino Fogão\u003C\u002Ftd>\u003Ctd>45,86\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-60\u003C\u002Ftd>\u003Ctd>Centro Visão\u003C\u002Ftd>\u003Ctd>45,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-46\u003C\u002Ftd>\u003Ctd>Ludique Et Badin\u003C\u002Ftd>\u003Ctd>45,20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-47\u003C\u002Ftd>\u003Ctd>Brasil Em Gotas\u003C\u002Ftd>\u003Ctd>45,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-48\u003C\u002Ftd>\u003Ctd>Hope\u003C\u002Ftd>\u003Ctd>45,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-28\u003C\u002Ftd>\u003Ctd>Wamp\u003C\u002Ftd>\u003Ctd>44,30\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0015-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>OM-65\u003C\u002Ftd>\u003Ctd>Sunglass Hut\u003C\u002Ftd>\u003Ctd>42,83\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-62\u003C\u002Ftd>\u003Ctd>BodyFor Sure\u003C\u002Ftd>\u003Ctd>42,42\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-57\u003C\u002Ftd>\u003Ctd>Vx Case\u003C\u002Ftd>\u003Ctd>42,28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-35A\u002F36\u003C\u002Ftd>\u003Ctd>Uv.Line\u003C\u002Ftd>\u003Ctd>41,20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-42\u003C\u002Ftd>\u003Ctd>Les Nereides\u003C\u002Ftd>\u003Ctd>41,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-30\u003C\u002Ftd>\u003Ctd>Kopenhagen\u003C\u002Ftd>\u003Ctd>39,85\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-39\u003C\u002Ftd>\u003Ctd>Água Fresca\u003C\u002Ftd>\u003Ctd>37,36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-50\u003C\u002Ftd>\u003Ctd>Deco Skin\u003C\u002Ftd>\u003Ctd>36,75\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-64\u003C\u002Ftd>\u003Ctd>Belvitur\u003C\u002Ftd>\u003Ctd>36,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-56\u003C\u002Ftd>\u003Ctd>Anacapri\u003C\u002Ftd>\u003Ctd>36,49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-65\u003C\u002Ftd>\u003Ctd>Travelex\u003C\u002Ftd>\u003Ctd>36,18\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-78\u003C\u002Ftd>\u003Ctd>Milon\u003C\u002Ftd>\u003Ctd>35,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-06\u002F07\u003C\u002Ftd>\u003Ctd>Gobox\u003C\u002Ftd>\u003Ctd>35,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-55\u003C\u002Ftd>\u003Ctd>Valisére\u003C\u002Ftd>\u003Ctd>35,21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-23A\u003C\u002Ftd>\u003Ctd>Mr. Cheney\u003C\u002Ftd>\u003Ctd>35,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-54\u003C\u002Ftd>\u003Ctd>Live!\u003C\u002Ftd>\u003Ctd>35,02\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-35\u003C\u002Ftd>\u003Ctd>Shorts & Co\u003C\u002Ftd>\u003Ctd>35,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-78\u003C\u002Ftd>\u003Ctd>Pequim 2000\u003C\u002Ftd>\u003Ctd>34,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-34\u003C\u002Ftd>\u003Ctd>Puket\u003C\u002Ftd>\u003Ctd>34,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-51\u003C\u002Ftd>\u003Ctd>Arranjos Express\u003C\u002Ftd>\u003Ctd>33,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-58\u003C\u002Ftd>\u003Ctd>Picchioni Câmbio\u003C\u002Ftd>\u003Ctd>33,67\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-59\u003C\u002Ftd>\u003Ctd>Cvc\u003C\u002Ftd>\u003Ctd>33,67\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-71\u003C\u002Ftd>\u003Ctd>Spoleto\u003C\u002Ftd>\u003Ctd>33,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-66\u003C\u002Ftd>\u003Ctd>Encontro\u003C\u002Ftd>\u003Ctd>33,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-24\u002FA\u003C\u002Ftd>\u003Ctd>Sergio'S\u003C\u002Ftd>\u003Ctd>32,51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-76\u003C\u002Ftd>\u003Ctd>Montana Grill\u003C\u002Ftd>\u003Ctd>32,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-29\u002FA\u003C\u002Ftd>\u003Ctd>Ah! Bon\u003C\u002Ftd>\u003Ctd>31,96\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-70\u003C\u002Ftd>\u003Ctd>Panelinhas Do Brasil\u003C\u002Ftd>\u003Ctd>31,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-37\u003C\u002Ftd>\u003Ctd>Caleidoscópio\u003C\u002Ftd>\u003Ctd>31,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-40\u003C\u002Ftd>\u003Ctd>Espaço Laser\u003C\u002Ftd>\u003Ctd>31,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-01\u002F02\u003C\u002Ftd>\u003Ctd>Lotérica\u003C\u002Ftd>\u003Ctd>30,64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-02\u003C\u002Ftd>\u003Ctd>Mi Garba!\u003C\u002Ftd>\u003Ctd>30,48\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-77\u003C\u002Ftd>\u003Ctd>Cacio & Pepe\u003C\u002Ftd>\u003Ctd>30,30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-03\u002F04\u003C\u002Ftd>\u003Ctd>Lettera\u003C\u002Ftd>\u003Ctd>30,06\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-69\u003C\u002Ftd>\u003Ctd>Pizza Pazza\u003C\u002Ftd>\u003Ctd>30,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-73\u003C\u002Ftd>\u003Ctd>Boali\u003C\u002Ftd>\u003Ctd>29,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-74\u003C\u002Ftd>\u003Ctd>Pizzaria Sion\u003C\u002Ftd>\u003Ctd>29,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-72\u003C\u002Ftd>\u003Ctd>Mania De Grelhados\u003C\u002Ftd>\u003Ctd>29,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-46\u003C\u002Ftd>\u003Ctd>Isla\u003C\u002Ftd>\u003Ctd>27,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-41\u003C\u002Ftd>\u003Ctd>Festivitá\u003C\u002Ftd>\u003Ctd>26,48\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-35\u003C\u002Ftd>\u003Ctd>MilkyMoo\u003C\u002Ftd>\u003Ctd>26,26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-24\u003C\u002Ftd>\u003Ctd>Fom\u003C\u002Ftd>\u003Ctd>22,22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-37\u003C\u002Ftd>\u003Ctd>Lúmini\u003C\u002Ftd>\u003Ctd>20,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-08\u003C\u002Ftd>\u003Ctd>Foto Já\u003C\u002Ftd>\u003Ctd>18,36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-05\u003C\u002Ftd>\u003Ctd>Magic Cap\u003C\u002Ftd>\u003Ctd>17,63\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-27\u003C\u002Ftd>\u003Ctd>L'Occitane Au Brésil\u003C\u002Ftd>\u003Ctd>17,43\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0016-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>ED SINSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>OM-26\u003C\u002Ftd>\u003Ctd>Mc Donald's\u003C\u002Ftd>\u003Ctd>14,88\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>220,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Expansão - Piso L4\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>4.994,07\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-01\u003C\u002Ftd>\u003Ctd>Dolce&Gabbana\u003C\u002Ftd>\u003Ctd>376,85\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-36\u002F37\u003C\u002Ftd>\u003Ctd>Su\u003C\u002Ftd>\u003Ctd>376,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-02\u003C\u002Ftd>\u003Ctd>Giorgio Armani\u003C\u002Ftd>\u003Ctd>311,49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-35\u003C\u002Ftd>\u003Ctd>Zucco Cucina\u003C\u002Ftd>\u003Ctd>307,93\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-09\u003C\u002Ftd>\u003Ctd>Nati Vozza\u003C\u002Ftd>\u003Ctd>275,08\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-19\u002F20\u002F21A\u003C\u002Ftd>\u003Ctd>Alo Yoga\u003C\u002Ftd>\u003Ctd>234,06\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-15A\u003C\u002Ftd>\u003Ctd>Chart\u003C\u002Ftd>\u003Ctd>207,21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-23\u002F24\u003C\u002Ftd>\u003Ctd>Carolina Herrera\u003C\u002Ftd>\u003Ctd>204,82\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-38\u003C\u002Ftd>\u003Ctd>Lagar Tragaluz\u003C\u002Ftd>\u003Ctd>193,70\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-13\u002F14\u003C\u002Ftd>\u003Ctd>Cris Barros\u003C\u002Ftd>\u003Ctd>191,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-12\u003C\u002Ftd>\u003Ctd>Agilitá\u003C\u002Ftd>\u003Ctd>152,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-10\u002F11\u003C\u002Ftd>\u003Ctd>Pat Bo\u003C\u002Ftd>\u003Ctd>147,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-17\u002F18\u003C\u002Ftd>\u003Ctd>Iorane\u003C\u002Ftd>\u003Ctd>125,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-21\u002F22\u003C\u002Ftd>\u003Ctd>ToryBurch\u003C\u002Ftd>\u003Ctd>112,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-15\u003C\u002Ftd>\u003Ctd>One Up\u003C\u002Ftd>\u003Ctd>96,89\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-27\u002F28\u003C\u002Ftd>\u003Ctd>Chanel F&B\u003C\u002Ftd>\u003Ctd>77,14\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-25\u002F26\u003C\u002Ftd>\u003Ctd>Tânia Bulhões Perfumes\u003C\u002Ftd>\u003Ctd>74,19\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-31\u003C\u002Ftd>\u003Ctd>Anselmi\u003C\u002Ftd>\u003Ctd>68,53\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-33\u003C\u002Ftd>\u003Ctd>Fillity\u003C\u002Ftd>\u003Ctd>66,49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-30\u003C\u002Ftd>\u003Ctd>Plural\u003C\u002Ftd>\u003Ctd>60,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-32\u003C\u002Ftd>\u003Ctd>Paula Torres\u003C\u002Ftd>\u003Ctd>48,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-29\u003C\u002Ftd>\u003Ctd>Occhialeria\u003C\u002Ftd>\u003Ctd>33,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-34\u003C\u002Ftd>\u003Ctd>Claudia Arbex\u003C\u002Ftd>\u003Ctd>32,98\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga - Expansão\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1.218,96\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>24.048,68\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0017-00.png\">\u003C\u002Fp>\u003Cp>BRAZIL\u003Cbr>ns BINSWANGER\u003Cbr>\u003C\u002Fp>\u003Ch5>Distribuição das lojas por classificação:\u003C\u002Fh5>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Classificação\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Nº de Lojas\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Âncora\u003C\u002Ftd>\u003Ctd>4.578,16\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mega Loja\u003C\u002Ftd>\u003Ctd>671,15\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Satélite\u003C\u002Ftd>\u003Ctd>17.360,01\u003C\u002Ftd>\u003Ctd>160\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga\u003C\u002Ftd>\u003Ctd>1.439,36\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Expansão\u003C\u002Ftd>\u003Ctd>3.775,11\u003C\u002Ftd>\u003Ctd>23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Total\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>24.048,68\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>195\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0017-03.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0017-04.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0018-00.png\">\u003C\u002Fp>\u003Cp>EB\u003Cbr>EB BINSWANGER\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>4.2. DESCRIÇÃO DO IMÓVEL\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O Shopping DiamondMall, inaugurado em 1996, pertence ao Grupo Multiplan, conforme informações divulgadas em seu site oficial. Localizado em uma área privilegiada de Belo Horizonte, o empreendimento destaca-se por sua infraestrutura e variedade, oferecendo 195 lojas, cinema, e praça de alimentação. Entre as principais lojas, destacam-se as âncoras Cinemark, Empório Verdemar e Renner, além de marcas consagradas como The North Face, Pandora, Brooksfield, Vivara, Lacoste, Track & Field e Fast Shop.\u003C\u002Fp>\u003Cp>Com a recente inauguração do piso L4 – Rio Grande do Sul, em 7 de novembro de 2024, o shopping expandiu sua Área Bruta Locável (ABL) em 4.994,07 m², incluindo um mix exclusivo de marcas de luxo e alta gastronomia, como Chanel, Dolce&Gabbana, Tragaluz e Zucco Cucina.\u003C\u002Fp>\u003Cp>O DiamondMall proporciona uma experiência de compras e lazer em um ambiente sofisticado, com iluminação natural e espaços amplos. Sua infraestrutura inclui um estacionamento com 1.066 vagas para automóveis (sendo 694 cobertas) e 59 vagas cobertas para motos, além de 3 elevadores sociais, 2 elevadores de carga, 24 escadas rolantes, 5 banheiros femininos, 5 masculinos, espaço família e fraldário.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0018-05.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fachada do Imóvel\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0019-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>CARACTERÍSTICAS DA CONSTRU\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ÇÃO\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Posicionamento no Terreno\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Divisas não delimitadas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Nº de Pavimentos\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>7 Pavimentos: G2 + G1 + L1 + L2 + L3 + L4 + G3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Estrutura\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Concreto pré-moldado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Cobertura\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Laje de concreto \u002F Claraboia\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Estrutura da Cobertura\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Concreto\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Fechamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Alvenaria \u002F Bloco de Concreto \u002F Tijolo maciço, baiano \u002F Telha metálica\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Fachada\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Granito \u002F Alvenaria com pintura\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Esquadrias\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Alumínio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vidros\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Vidro Transparente \u002F Fumê\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Estado de Conservação\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Bom\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vícios de Construção\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Não detectados visualmente\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Condição Geral das Instalações\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Boa\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Idade\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>26 anos – Recém revitalizado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vida Útil Remanescente\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>34 anos\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Composição do Imóvel\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>O imóvel é formado por uma edificação consolidada e subsolo com estacionamento. Sua composição interna é descrita a seguir:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Pavimento\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Uso\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>L4 – RS\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Lojas e Restaurantes\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>L3 – GD\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Cinema e Lojas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>L2 – OM\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Lojas, Acesso C e Espaço Gourmet\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>L1 – BG\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Praça de Alimentação, Acessos e Lojas\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>G1\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Garagem e Alameda de Serviços\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>G2\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Garagem\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>G3\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Estacionamento descoberto\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0020-00.png\">\u003C\u002Fp>\u003Cp>EB\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0020-01.png\">\u003C\u002Fp>\u003Cp>pifdo nt] Em\u003Cbr>SD O et sd) o\u003Cbr>\u003C\u002Fp>\u003Cp>Plata Comercial – Piso L1 - BG\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0020-03.png\">\u003C\u002Fp>\u003Cp>Plata Comercial – Piso L2 - Piso OM\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0021-00.png\">\u003C\u002Fp>\u003Cp>EB sinsmanges\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0021-01.png\">\u003C\u002Fp>\u003Cp>asas eps qo 2 qo\u003Cbr>ESN RE a ao[=] d\u003Cbr>ns dio\u003Cbr>\u003C\u002Fp>\u003Cp>Plata Comercial – Piso L3 - Piso GD\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0021-03.png\">\u003C\u002Fp>\u003Cp>Plata Comercial – Piso L4 – Piso RS\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0022-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Acabamentos Internos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Apresentamos a seguir os principais acabamentos observados:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Abit\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>Acabamentos\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>mene\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Piso\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Parede\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Forro\u002F Teto\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Mall\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Porcelanato \u002F Laminado\u003C\u002Ftd>\u003Ctd>Drywall\u003C\u002Ftd>\u003Ctd>Gesso\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Áreas Técnicas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Piso concreto bruto,\u003Cbr>cimentado e vinílico\u003C\u002Ftd>\u003Ctd>Alvenaria com pintura\u003C\u002Ftd>\u003Ctd>Concreto aparente e\u003Cbr>laje\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Administração\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Porcelanato\u003C\u002Ftd>\u003Ctd>Madeirado\u003C\u002Ftd>\u003Ctd>Gesso\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Especificações Técnicas\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>As informações a seguir foram observadas in loco e fornecidas durante a vistoria.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>**Tipo **\u003C\u002Fth>\u003Cth>\u003Cstrong>Uso\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Circulação Vertical\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>▪ São 5 elevadores sendo 3 sociais panorâmicos e 2 de carga;\u003Cbr>▪ 4 Lances de escada;\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Sistema de Segurança e\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Controle de Acesso\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>▪ Circuito de TV e catracas de controle de acesso.\u003Cbr>▪ CFTV\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Hidráulica\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>▪ Bombas de água potável e de incêndio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Sistema de Prevenção\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>de Incêndio\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>▪ Hidrantes e extintores;\u003Cbr>▪ Sprinklers.\u003Cbr>▪ Alarme de incêndio e detectores de fumaça.\u003Cbr>▪ Luzes de emergência\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Elétrica\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>▪ Entrada de energia em alta tensão, com transformadores e quadros de energia\u003Cbr>individuais.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Ar-Condicionado\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>▪ Central de água gelada\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Outros\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>▪ Central de gás;\u003Cbr>▪ Claraboias.\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-00.png\">\u003C\u002Fp>\u003Cp>EB\u003Cbr>EB BINSWANGER\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>4.2.1. Reportagem Fotográfica\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-02.png\">\u003C\u002Fp>\u003Cp>mig Ê\u003Cbr>a E Em ea OS ni A +\u003Cbr>ço\u003Cbr>| tiacd UAI ee ZA SERA\u003Cbr>- a Acega = e É\u003Cbr>o\u003Cbr>\u003C\u002Fp>\u003Cp>Mall\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-04.png\">\u003C\u002Fp>\u003Cp>Mall\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-06.png\">\u003C\u002Fp>\u003Cp>Mall\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-08.png\">\u003C\u002Fp>\u003Cp>Praça de alimentação\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-10.png\">\u003C\u002Fp>\u003Cp>Mall\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-12.png\">\u003C\u002Fp>\u003Cp>Mall\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-14.png\">\u003C\u002Fp>\u003Cp>Banheiro Família\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0023-16.png\">\u003C\u002Fp>\u003Cp>Praça de alimentação\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-00.png\">\u003C\u002Fp>\u003Cp>ED, NswaNcER\u003Cbr>ED BRAZIL\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-01.png\">\u003C\u002Fp>\u003Cp>o NI\u003Cbr>E sebo Pa\u003Cbr>mem Kmas: NBANADAS:\u003Cbr>\"SE\u003Cbr>. o = o\u003Cbr>\u003C\u002Fp>\u003Cp>Cabaña Porteña\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-03.png\">\u003C\u002Fp>\u003Cp>Drogaria Araujo\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-05.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-06.png\">\u003C\u002Fp>\u003Cp>Cacau Show\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-08.png\">\u003C\u002Fp>\u003Cp>Mall\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-10.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0024-11.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-00.png\">\u003C\u002Fp>\u003Cp>EB\u003Cbr>EB BINSWANGER\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-01.png\">\u003C\u002Fp>\u003Cp>És\u003Cbr>Ea\u003Cbr>pes A\u003Cbr>- e õ mmfato s m\u003Cbr>\u003C\u002Fp>\u003Cp>Pobre Juan\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-03.png\">\u003C\u002Fp>\u003Cp>Renner\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-05.png\">\u003C\u002Fp>\u003Cp>Fast Shop\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-07.png\">\u003C\u002Fp>\u003Cp>Mall – novo piso\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-09.png\">\u003C\u002Fp>\u003Cp>Marie Cuisine\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-11.png\">\u003C\u002Fp>\u003Cp>Camicado\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-13.png\">\u003C\u002Fp>\u003Cp>Zucco Cucina\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0025-15.png\">\u003C\u002Fp>\u003Cp>Mall – novo piso\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-00.png\">\u003C\u002Fp>\u003Cp>BRAZIL\u003Cbr>EB sinsmanges\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-01.png\">\u003C\u002Fp>\u003Cp>Doca\u003Cbr>A = -\u003Cbr>\u003C\u002Fp>\u003Cp>Dolce&Gabbana\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-03.png\">\u003C\u002Fp>\u003Cp>Mall – novo piso\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-05.png\">\u003C\u002Fp>\u003Cp>Estacionamento Coberto\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-07.png\">\u003C\u002Fp>\u003Cp>Estacionamento descoberto\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-09.png\">\u003C\u002Fp>\u003Cp>Cris Barros\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-11.png\">\u003C\u002Fp>\u003Cp>Chanel\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-13.png\">\u003C\u002Fp>\u003Cp>Estacionamento Coberto\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0026-15.png\">\u003C\u002Fp>\u003Cp>Estacionamento descoberto\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0027-00.png\">\u003C\u002Fp>\u003Cp>EB sinsmanges\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0027-01.png\">\u003C\u002Fp>\u003Cp>e\u003Cbr>\u003C\u002Fp>\u003Cp>Central ar-condicionado\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0027-03.png\">\u003C\u002Fp>\u003Cp>Casa de Bombas\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0027-05.png\">\u003C\u002Fp>\u003Cp>Central Elétrica\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0027-07.png\">\u003C\u002Fp>\u003Cp>Casa de Bombas - Incêndio\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0028-00.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>4.3. HISTÓRICO DE PROPRIEDADE\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O imóvel, na época de propriedade do Clube Atlético Mineiro, foi arrendado em 28 de julho de 1992 para o Consórcio MTS\u002FIBR: Multishopping Empreendimentos Imobiliários SA\u003Csup>1\u003C\u002Fsup> e IBR Administração, Participação e Comércio S.A., sob a premissa de o outorgado planejar e construir um shopping center de três pavimentos em até 24 meses e, então, explorá-lo pelo prazo de 30 anos pagando locação ao proprietário. O aluguel, à época, era correspondente a 15% dos aluguéis de locações recebidos de lojas “stands” ou áreas do centro de compras, tendo como aluguel mínimo Cr$ 100.000.000,00 (cem milhões de cruzeiros).\u003C\u002Fp>\u003Cp>Atualmente, além do aluguel percentual sobre as locações do centro comercial (ou aluguel mínimo), o outorgado também paga 10% sobre as receitas decorrentes de cessão de direitos de uso e 15% sobre as receitas com o aluguel do estacionamento, em razão de aditamento realizado em 20 de janeiro de 2020. O prazo do contrato foi estendido para 34 anos no mesmo aditamento, se encerrando em 06 de novembro de 2030.\u003C\u002Fp>\u003Cp>O imóvel foi de propriedade integral do Clube Atlético Mineiro até 20 de janeiro de 2020, nesta data, 50,10% da propriedade foi comprada pela Multiplan pelo valor de R$ 296,8 milhões\u003Csup>2\u003C\u002Fsup> . Outros 24,95% foram comprados, também pela Multiplan, em 03 de março de 2023, por R$ 170,0 milhões\u003Csup>3\u003C\u002Fsup> . O imóvel hoje, portanto, pertence 75,05% à Multiplan e 24,95% ao Clube Atlético Mineiro.\u003C\u002Fp>\u003Cp>A aquisição da parcela de propriedade do Clube Atlético Mineiro, pelo FII Pedra Negra, passa o direito do arrendamento ao fundo, com este se mantendo em vigor pelo restante prazo de contrato. Ao final do contrato de arrendamento, o fundo participará do resultado da operação normalmente, com o percentual de 24,95% sobre o resultado.\u003C\u002Fp>\u003Cblockquote>\u003Cp>1 Atualmente Multiplan Empreendimentos Imobiliários S.A.\u003C\u002Fp>\u003Cp>2 https:\u002F\u002Fwww.multiplan.com.br\u002Fpt-br\u002Fa-empresa\u002Fnoticias\u002Fmultiplan-anuncia-conclusao-de-aquisicao-departicipacao-no-diamondmall\u003C\u002Fp>\u003Cp>3 https:\u002F\u002Fwww.multiplan.com.br\u002Fpt-br\u002Fa-empresa\u002Fnoticias\u002Fparticipacao-da-multiplan-no-diamondmall-alcancamais-de-75\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0029-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cstrong>5. MERCADO IMOBILIÁRIO NA REGIÃO\u003C\u002Fstrong>\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Dados Gerais do Municípi\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>o\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Referências\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Belo Horizonte \u002F MG\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Capital do Estado\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Brasil (média)\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>**Área Territorial **[2020]\u003C\u002Ftd>\u003Ctd>331,35 km²\u003C\u002Ftd>\u003Ctd>331,35 km²\u003C\u002Ftd>\u003Ctd>1.525,54 km²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>População\u003C\u002Fstrong>[2022]\u003C\u002Ftd>\u003Ctd>2.392.678 hab.\u003C\u002Ftd>\u003Ctd>2.392.678 hab.\u003C\u002Ftd>\u003Ctd>37.298 hab.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>PIB (R$ mil)\u003C\u002Fstrong>[2018]\u003C\u002Ftd>\u003Ctd>R$ 91.957.091,80\u003C\u002Ftd>\u003Ctd>R$ 91.957.091,80\u003C\u002Ftd>\u003Ctd>R$ 1.257.475,94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>PIB per Capita\u003C\u002Fstrong> [2018]\u003C\u002Ftd>\u003Ctd>R$ 36.759,66\u003C\u002Ftd>\u003Ctd>R$ 36.759,66\u003C\u002Ftd>\u003Ctd>R$ 23.513,94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>IDH\u003C\u002Fstrong>[2010]\u003C\u002Ftd>\u003Ctd>0,810\u003C\u002Ftd>\u003Ctd>0,810\u003C\u002Ftd>\u003Ctd>0,659\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>(Fonte: IBGE)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Características Gerais do\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Mercado\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Liquidez do Imóvel\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Oferta\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Média\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Para Locação\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Médio-Alta\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Demanda\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Média\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Para Venda\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Médio-Baixa\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Absorção\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Baixa\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Vocação\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Shopping Center\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>Análise de SWOT Pontos Fortes: Pontos Fracos:\u003C\u002Fstrong> ✓ Ótimo padrão construtivo ✓ Não identificados ✓ Ótimo mix de lojas \u003Cstrong>Oportunidades: Ameaças:\u003C\u002Fstrong> ✓ Não identificadas ✓ Não identificadas\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0030-00.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>5.1. PANORAMA DE MERCADO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ch4>\u003Cstrong>ECONOMIA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>De acordo com o último relatório de Perspectivas Econômicas Globais do Banco Mundial (Bird), datado de 09 de janeiro de 2024, conforme o mundo se aproxima da metade da década que prometia ser transformadora para o desenvolvimento, a previsão é de que a economia global tenha a pior meia década em termos de crescimento de PIB em 30 anos.\u003C\u002Fp>\u003Cp>O risco de uma recessão global diminuiu, muito devido à força da economia norte-americana, mas as crescentes tensões geopolíticas podem criar novos riscos a curto prazo. No entanto, a perspectiva de médio prazo piorou para muitas economias em desenvolvimento em meio à desaceleração do crescimento das principais economias, um comércio global letárgico e as piores condições financeiras em décadas. O crescimento global deve desacelerar pelo terceiro ano consecutivo, de 2,6% no último ano para 2,4% em 2024.\u003C\u002Fp>\u003Cp>A forte desaceleração do crescimento deve ser generalizada, com previsões em 2024 revisadas para baixo na maioria das economias avançadas e em desenvolvimento. O Banco Mundial alerta que \u003Cem>“se não houver uma grande correção de rumo, a década de 2020 será conhecida como a década das oportunidades perdidas\u003C\u002Fem>”.\u003C\u002Fp>\u003Cp>Os efeitos da elevação de preços de commodities, dos gargalos na cadeia produtiva e da reabertura das economias se refletiram sobre as taxas de inflação em economias avançadas e emergentes. Tendo em vista essa conjuntura, ressaltamos alguns pontos relevantes para o panorama econômico global\u003Csup>4\u003C\u002Fsup> :\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>✓ Políticas monetárias e condições de créditos restritivas e os baixos níveis de comércio e investimento globais impactarão o crescimento;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ O recente conflito no Oriente Médios aumentou os riscos geopolíticos;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ O ambiente externo segue volátil, marcado pelo arrefecimento das taxas de juros de prazos mais longos nos Estados Unidos e sinais incipientes de queda de núcleos de inflação, que ainda permanecem em níveis elevados em diversos países;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ A continuidade da Guerra na Ucrânia, com suas consequências sobre o fornecimento de gás natural para a Europa, reforça uma perspectiva de desaceleração do crescimento global nos próximos trimestres;\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cblockquote>\u003Cp>4 Análise realizada com base nos relatórios de mercado da Organização para a Cooperação e Desenvolvimento Econômico - OCDE, Comitê de Política Monetária – Copom, Instituto de Pesquisa Econômica Aplicada - IPEA e do Fundo Monetário Internacional -FMI (outubro a dezembro\u002F2023).\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0031-00.png\">\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>✓ Os bancos centrais das principais economias permanecem determinados em promover a convergência das taxas de inflação para suas metas em um ambiente marcado por pressões nos mercados de trabalho. O Comitê avalia que o cenário segue exigindo cautela por parte de países emergentes;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ No Brasil, o conjunto de indicadores recentes de atividade econômica segue consistente com o cenário de desaceleração da economia esperado pelo Comitê. A divulgação do PIB do terceiro trimestre confirmou a moderação de crescimento que estava antecipada, mas com resiliência no consumo das famílias. O mercado de trabalho segue aquecido, mas apresenta alguma moderação na margem;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>✓ A inflação ao consumidor segue a trajetória esperada de desinflação, com destaque para a sua composição benigna. Os indicadores que agregam os componentes mais sensíveis ao ciclo econômico e à política monetária se aproximaram da meta para a inflação nas divulgações mais recentes. As expectativas de inflação para 2024, 2025 e 2026 apuradas pela pesquisa Focus encontram-se em torno de 4,38%, 3,92% e 3,60%, respectivamente.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>O desempenho econômico do Brasil, assim como dos demais países do globo, é reflexo da influência do COVID-19 e consequentes instabilidades geradas durante o período mais crítico da pandemia. O crescimento global lento pesou sobre os preços das commodities, enfraquecendo os termos de troca da América do Sul.\u003C\u002Fp>\u003Cp>Os impasses políticos aliados à recente pressão inflacionária contribuem para um cenário ainda conservador em termos de recuperação econômica no Brasil. De qualquer forma, os poucos avanços conseguidos em reformas econômicas, o crescimento de investimento privado e a retomada do setor de serviços, fundamentaram a projeção para a retomada econômica do país.\u003C\u002Fp>\u003Cp>Depois de sofrer retração de 4,2% em 2020, o ano de 2021 apresentou um crescimento do PIB Total de 4,5% após oscilações em torno do agravamento da pandemia no início do ano e encerrou 2022 com um crescimento acumulado de 3,0% e 2023 com 2,9%. As perspectivas futuras são positivas, sendo o PIB Total esperado para 2024 de 3,00%, 1,90% em 2025 e 2,0% em 2026 e 2027, conforme relatório FOCUS de 04\u002F10\u002F2024.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0032-00.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0032-01.png\">\u003C\u002Fp>\u003Cp>Crescimento do PIB\u003Cbr>Previsão em 11\u002F10\u002F2024\u003Cbr>6%\u003Cbr>4,0% 4,0%\u003Cbr>4% 2,4% 2,4% 2,4% 2,9% 3,2%\u003Cbr>2% 3,7% 1,7% 2,4% 1,4% 0,4% 1,4% 1,2% 3,0% 2,4% 2,9% 3,0% 1,8%1,9% 2,0%2,0% 2,0%2,0% 2,0%2,0%\u003Cbr>0% 1,2% 1,1%\u003Cbr>0,5% -1,5%\u003Cbr>-0,3%\u003Cbr>-2% -2,9%\u003Cbr>-2,3%\u003Cbr>-4% -3,2% -4,2%\u003Cbr>-6% -4,6%\u003Cbr>2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028\u003Cbr>PIB Total PIB Serviços PIB Total Previsão PIB Serviços Previsão\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Sistema de Expectativas Bacen. Editado por Binswanger Brazil – outubro\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>A recuperação da atividade econômica continua ocorrendo de forma heterogênea. Por um lado, serviços e comércio, que têm alta representatividade na composição do PIB Total, vão se beneficiando diretamente do aumento da mobilidade, enquanto indústria sofre com escassez de matéria prima e custos de energia.\u003C\u002Fp>\u003Cp>O principal motivo para o aumento do IPCA em setembro de 2024 foi a alta nos preços da energia elétrica residencial e do grupo Alimentação e bebidas: (i) A mudança da bandeira tarifária de verde para vermelha patamar um, em agosto, aumentou o preço da energia elétrica; e (ii) O grupo Alimentação e bebidas teve uma alta de 0,50%, após dois meses de quedas.\u003C\u002Fp>\u003Cp>Atualmente, a taxa SELIC está fixada em 10,75%, após atingir os patamares mais baixos da série histórica em 2020.\u003C\u002Fp>\u003Cp>\u003Cstrong>IPCA x SELIC x Meta de Inflação\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0032-07.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Relatório Focus - Bacen. Editado por Binswanger Brazil – outubro\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0033-00.png\">\u003C\u002Fp>\u003Cp>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>TRABALHO FORMAL\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Desde janeiro de 2020, o uso do sistema do Cadastro Geral de Empregados e Desempregados (CAGED) foi substituído pelo sistema de Escrituração Digital das Obrigações Fiscais, Previdenciárias e Trabalhistas (eSocial) para parte das empresas, conforme estabelecido pela Portaria SEPRT nº 1.127 de 14\u002F10\u002F2019. Permanece a obrigatoriedade de envio das informações por meio do CAGED apenas para órgãos públicos e organizações internacionais que contratam celetistas.\u003C\u002Fp>\u003Cp>Para viabilizar a divulgação de estatísticas do emprego formal durante este período de transição, foi feita imputação de dados de outras fontes, captadas dos sistemas eSocial, CAGED e Empregador Web. De acordo com este estudo, com a pandemia de COVID-19, houve uma forte retração no emprego formal entre março e maio de 2020, com perda de 963.703 postos de trabalho no mês de abril de 2020. A partir de maio de 2020 inicia-se alguma recuperação, mas ainda ocorreram oscilações, como a sazonalidade de dezembro e nova retração, ainda que de menor intensidade, em março e abril de 2021, em função do aumento expressivo de internações por COVID-19 e novas ações de “lockdown”. Em 2021, o número de brasileiros desempregados chegou a 14,1 milhões de pessoas, cerca de 13,3% da população. Um ano depois, a redução foi importante, para 10,3 milhões de brasileiros e uma taxa de 9,5%. O ano de 2023 encerrou em 7,8%, atingindo 8,5 milhões de pessoas, menor taxa desde 2014.\u003C\u002Fp>\u003Ch6>\u003Cstrong>Saldo de Emprego Celetista - agosto de 2024\u003C\u002Fstrong>\u003C\u002Fh6>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0033-05.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Painel de informações do Novo CAGED. Editado por Binswanger Brazil – outubro\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>Com uma economia mundial desafiadora e instabilidade geopolítica, a taxa do desemprego no Brasil deve voltar a crescer ainda no início de 2024, conforme previsão do Instituto Brasileiro de Economia da Fundação Getúlio Vargas (GGV Ibre). É previsto que o índice feche 2024 em 8,0%.\u003C\u002Fp>\u003Cp>A análise setorial indica maior participação do setor de serviços no estoque de postos de trabalho no país, seguida por comércio e indústria.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0034-00.png\">\u003C\u002Fp>\u003Cp>EB ensveçes\u003Cbr>Novos Postos de Trabalho por Estoque de Postos de Trabalho por\u003Cbr>Região - Agosto\u002F2024 Grupamento - Agosto\u002F2024\u003Cbr>CO N Agropecuária\u003Cbr>11% 7% 3%\u003Cbr>S NE Comércio\u003Cbr>15% 20% 14%\u003Cbr>Serviços\u003Cbr>55%\u003Cbr>Construção\u003Cbr>9%\u003Cbr>Indústria\u003Cbr>SE 18%\u003Cbr>50%\u003Cbr>“q) (“\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Painel de informações do Novo CAGED. Editado por Binswanger Brazil – outubro\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Ch4>\u003Cstrong>ASPECTOS DE MERCADO IMOBILIÁRIO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O mercado imobiliário brasileiro sofreu com a crise político-econômica recente, uma vez que a renda familiar foi significativamente impactada com o aumento do nível de desemprego e redução da atividade econômica, além - é claro, de influenciar na tomada de decisão para aquisição de um imóvel, dada a insegurança gerada pela instabilidade do momento.\u003C\u002Fp>\u003Cp>O gráfico a seguir mostra que tanto o volume de imóveis financiados para aquisição quanto para construção teve uma grande redução a partir de 2014. Do ano de 2017 até o final de 2021, observamos o início de uma retomada do setor, alinhada à política de baixa de juros da época. Mesmo com a pandemia de COVID-19, o volume negociado em 2020 foi 43% superior ao de 2019. Já o ano de 2021 superou em 104% as unidades financiadas no ano anterior e superou também os patamares atingidos em 2014, atingindo o recorde na série histórica, porém com queda desde então. Em 2023, em razão da subida dos juros, o volume foi quase 15% menor em relação ao volume total de 2022.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0034-05.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Font e: ABECIP.\u003C\u002Fem> \u003Cem>Editad o por Bins\u003C\u002Fem> \u003Cem>~~wange~~ r Brazil – outubro\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0035-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>EB BINSWANGER\u003Cbr>\u003C\u002Fp>\u003Cp>As mudanças do cenário econômico e principalmente os aumentos dos insumos têm pressionado os preços de venda para cima. Houve também redução efetiva no poder de compra das famílias devido ao aumento da inflação. A crescente alta das taxas de juros para financiamento imobiliário é observada desde setembro de 2021, em subida nos primeiros meses de 2023 e tendência de estabilidade nos últimos meses, podendo ser observadas no gráfico a seguir.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0035-02.png\">\u003C\u002Fp>\u003Cp>Evolução da Taxa Média de Juros para Financiamento Imobiliário\u003Cbr>Pós-Fixado referenciado em TR\u003Cbr>12\u003Cbr>11\u003Cbr>10 HT\u003Cbr>9\u003Cbr>8\u003Cbr>7 DNA DEE TT T ==\u003Cbr>6\u003Cbr>2021 2022 2023 2024\u003Cbr>CAIXA ECONOMICA FEDERAL ITAÚ UNIBANCO S.A. BCO BRADESCO S.A.\u003Cbr>BCO SANTANDER (BRASIL) S.A. BCO DO BRASIL S.A.\u003Cbr>Fonte: BACEN. Editado por Binswanger Brazil – outubro\u002F2024\u003Cbr>% a.a.\u003Cbr>jan fev mar abr mai jun ulj aog set out nov dez jan fev mar abr mai jun ulj aog set out nov dez jan fev mar abr mai jun ulj aog set out nov dez jan fev mar abr mai jun ulj aog set\u003Cbr>\u003C\u002Fp>\u003Cp>O mercado imobiliário se comporta de maneira cíclica, com altas e baixas na demanda e oferta, cujas oscilações são decorrentes do desempenho da economia, da confiança dos consumidores, da disponibilidade de crédito e de situações específicas de cada segmento ou região geográfica.\u003C\u002Fp>\u003Cp>Considerando este ciclo dinâmico, constatamos que, com o cenário de paralização global da economia em 2020 e 2021, em função da pandemia do COVID-19, neste momento o mercado imobiliário em geral se encontra no estágio de expansão.\u003C\u002Fp>\u003Cp>O momento é de aproveitar oportunidades, já qu ~~e~~ começa a existir maior demanda do que oferta, causando um aumento nos preços e otimismo por toda a cadeia da construção. e obter sucesso até a fase subsequente, de estabilização. A identificação do ponto crítico é crucial no sucesso; o ciclo é dinâmico de acordo com o tamanho e maturação do mercado.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0035-06.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Binswanger Brazil – outubro\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0036-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>5.2. SHOPPINGS CENTERS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>De acordo com a Associação Brasileira de \u003Cem>Shopping Center\u003C\u002Fem> (ABRASCE), \u003Cem>shopping centers\u003C\u002Fem> são os empreendimentos com Área Bruta Locável (ABL), normalmente, superior a 5 mil metros quadrados, formados por diversas unidades comerciais, com administração única e centralizada, que pratica aluguel fixo e percentual. Na maioria das vezes, dispõe de lojas âncoras e vagas de estacionamento compatível com a legislação da região onde está instalado.\u003C\u002Fp>\u003Cp>Os \u003Cem>shoppings\u003C\u002Fem> são classificados em Tradicionais ou Especializados. Os especializados ainda são subdivididos em \u003Cem>Outlets: Shoppings\u003C\u002Fem> com lojas de fábrica e\u002Fou descontos; Temáticos: \u003Cem>Shoppings\u003C\u002Fem> especializados em determinado segmento de varejo e \u003Cem>Lifestyle\u003C\u002Fem>: \u003Cem>Shoppings\u003C\u002Fem> à céu aberto como comércio de rua, apresentando calçadas, praças, luz e ventilação naturais.\u003C\u002Fp>\u003Cp>Dentro dessas tipologias, eles são classificados quanto ao porte do empreendimento em função de sua ABL:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Classificação\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Porte\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Mega\u003C\u002Ftd>\u003Ctd>Acima de 60.000 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Tradicional\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Regional\u003C\u002Ftd>\u003Ctd>De 30.000 a 59.999 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Médio\u003C\u002Ftd>\u003Ctd>De 20.000 a 29.999 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Pequeno\u003C\u002Ftd>\u003Ctd>Até 19.999 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Grandes\u003C\u002Ftd>\u003Ctd>Acima de 20.000 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Especializado\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>Médios\u003C\u002Ftd>\u003Ctd>De 10.000 a 19.999 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Pequenos\u003C\u002Ftd>\u003Ctd>Até 9.999 m²\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>CONSIDERAÇÕES GERAIS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O mercado de shopping centers no Brasil apresentou uma recuperação significativa de seus resultados ao longo de 2022 e 2023, observando índices próximos e, em casos, acima àqueles registrados em 2019, antes da pandemia do COVID-19. Enquanto 2020 e 2021 foram anos de renegociações de contrato, aumento da vacância e diminuição do fluxo de pessoas – resultando em faturamentos inferiores e incertezas profundas com relação à resiliência do segmento –, 2022 confirmou os sinais de recuperação observados no final de 2021 e trouxe ao mercado um respiro associado ao fim das restrições sanitárias estabelecidas na pandemia. 2023 foi um ano de consolidação, com vendas totais no país atingindo 194,7 bilhões de reais, acima dos 192,8 bilhões de 2019.\u003C\u002Fp>\u003Cp>Com a retomada completa da utilização dos shopping centers pela população e a manutenção da inflação em patamares baixos, o desafio que se apresenta em 2024 é ainda a alta taxa Selic, que deve arrefecer no decorrer de 2024 e a situação de grandes varejistas do país que, apesar de esperarem melhoras em relação a 2023, ainda adotam visões cautelosas para 2024. Apesar dos desafios, a menor pressão monetária e a decorrente diminuição dos juros e inadimplência apontam para um cenário\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0037-00.png\">\u003C\u002Fp>\u003Cp>otimista para o mercado de shopping centers.\u003C\u002Fp>\u003Ch4>\u003Cstrong>NÚMEROS DO SETOR\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Atualmente, o país conta com aproximadamente 639 shopping centers em operação – 17,837 milhões de metros quadrados de área bruta locável.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>QUADRO GERAL DE SHOPPIN\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>GS 2022\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Total de Shoppings:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>639\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>A inaugurar em 2024:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>18\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Total de Shoppings no fim de 2024:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>657\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Faturamento (bilhões):\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>194,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Visitantes\u002Fmês (milhões):\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>462\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Empregos gerados:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>1.062.813\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>ABL Total no Brasil (m²):\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>17.837.297\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Total de Lojas:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>121.010\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Sendo,\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Âncoras:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>4,4%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Semi-âncoras:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>2,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Megalojas:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>3,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Satélites:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>59,7%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Conveniência\u002FServiços:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>9,8%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Alimentação:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>17,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Lazer\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>2,12%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Salas de Cinema:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>3.073\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vagas para Carros:\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>1.056.000\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cem>Fonte: Censo da ABRASCE 2023\u002F2024, editado por Binswanger Brazil.\u003C\u002Fem>\u003C\u002Fp>\u003Cp>Este número representa um aumento de aproximadamente 3,06% em relação a 2020, que havia fechado o ano com 620 unidades em todo o país. Isto demonstra que mesmo no cenário de pandemia dos últimos dois anos, as administradoras de shoppings acreditaram num futuro cenário positivo.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0038-00.png\">\u003C\u002Fp>\u003Cp>ED, NswancER\u003Cbr>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0038-01.png\">\u003C\u002Fp>\u003Cp>Número de Shoppings\u003Cbr>660\u003Cbr>639\u003Cbr>640 628\u003Cbr>o\u003Cbr>620 co!\u003Cbr>600\u003Cbr>sao 573 577\u003Cbr>ss8 563\u003Cbr>560\u003Cbr>538\u003Cbr>540\u003Cbr>520\u003Cbr>500\u003Cbr>480\u003Cbr>2015 2016 2017 2018 2019 2020 2021 2022 2023\u003Cbr>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Também verificamos aumento na área bruta locável (ABL), que passou de 17,51 milhões de metros quadrados em 2022 para 17,84 milhões em 2023.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0038-04.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>A seguir, a Binswanger Brazil, através de sua base de dados, demonstra a quantidade de shoppings e metragens por região.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0039-00.png\">\u003C\u002Fp>\u003Cp>EB BINSWANGER\u003Cbr>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Cp>ABL por Região: % e m²\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0039-02.png\">\u003C\u002Fp>\u003Cp>ABL por Região\u003Cbr>2.486.738 [952619\u003Cbr>14% Ei\u003Cbr>3.142.797\u003Cbr>18%\u003Cbr>900.521\u003Cbr>5%\u003Cbr>9.426.786\u003Cbr>54%\u003Cbr>ElCentroOeste Norte Nordeste Sul ESudes!\u003Cbr>\u003C\u002Fp>\u003Cp>Quantidade de Shopping por Região\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0039-04.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: ABRASCE - Editado por Binswanger Brazil – mai\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>Nota-se que o Sudeste possui aproximadamente 53,8% da área bruta locável total do país, com o Nordeste logo em seguida com 17,9% da área bruta locável total. Porém, com relação a quantidade de empreendimentos em operação, o Sudeste mais uma vez ocupa a primeira colocação, com 324 shoppings ativos; já a segunda posição é ocupada pela região Nordeste, com um total de 109 empreendimentos, seguida pelo Sul com 107 ativos.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0039-07.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: ABRASCE - Editado por Binswanger Brazil – mai\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>O resultado das restrições impostas desde março de 2020, segundo a ABRASCE (Associação Brasileira\u003C\u002Fp>\u003Cp>de Shopping Centers), foi uma queda de faturamento em vendas de 49,7% e de 10,3% de empregos de 2019 para 2020. Por mais que o ano de 2021 já apresentasse uma lenta retomada nos dois índices, com 19,1% de crescimento no faturamento e 2,06% no número de empregos, o ano de 2022\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0040-00.png\">\u003C\u002Fp>\u003Cp>ED, swancER\u003Cbr>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Cp>consolidou a retomada para os patamares pré-pandemia, com crescimento de 17% no faturamento com relação ao ano anterior e 2023 manteve a tendência, com faturamento 1,5% maior e 1,8% mais empregos que 2022. Esses resultados trouxeram o faturamento anual para valores na escala de 101,51% do que foi observado em 2019.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0040-02.png\">\u003C\u002Fp>\u003Cp>Faturamento Anual\u003Cbr>240\u003Cbr>q\u003Cbr>e\u003Cbr>e 193 192 195\u003Cbr>= 200 179\u003Cbr>168\u003Cbr>160 152 158 159\u003Cbr>129\u003Cbr>120\u003Cbr>80\u003Cbr>40\u003Cbr>0\u003Cbr>2015 2016 2017 2018 2019 2020 2021 2022 2023\u003Cbr>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Com relação ao fluxo de pessoas, os números de 2023 também registraram uma manutenção do crescimento, com 462 milhões de visitantes mensais. Esse valor representa um crescimento de 4,33% em relação a 2023 e é 92,06% do total observado em 2019.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0040-05.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: ABRASCE - Editado por Binswanger Brazil – mai\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>Os empregos em shopping centers caíram de 1,1 milhão em 2019 para 990,5 mil em 2020, devido ao fechamento e menor fluxo de pessoas nas lojas, representando aproximadamente 10,4% de queda de empregos. Em 2023, esse número está em 1.062.813, 96,4% do apresentado em 2019.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0041-00.png\">\u003C\u002Fp>\u003Cp>EB BINSWANGER\u003Cbr>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0041-01.png\">\u003C\u002Fp>\u003Cp>Empregos\u003Cbr>q 1120 1.102\u003Cbr>É 1.100 1.085\u003Cbr>E\u003Cbr>E 1080 1.063\u003Cbr>1.060 1.044\u003Cbr>1.040 1.029\u003Cbr>1.020 1016 999 1020\u003Cbr>1000 990\u003Cbr>980\u003Cbr>960\u003Cbr>940\u003Cbr>920\u003Cbr>2015 2016 2017 2018 2019 2020 2021 2022 2023\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: ABRASCE - Editado por Binswanger Brazil – fev\u002F2023\u003C\u002Fem>\u003C\u002Fp>\u003Ch4>\u003Cstrong>NOVO ESTOQUE\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Em 2022, foram inaugurados 9 shoppings no Brasil, sendo 2 na região sul, 5 na região sudeste e 2 na região Nordeste, totalizando 133,6 mil m² de ABL, e em 2023, estão previstas 15 inaugurações de novos shoppings, totalizando 275,2 mil m² de ABL, conforme tabelas abaixo:\u003C\u002Fp>\u003Ch6>\u003Cstrong>INAUGURADOS - 2023\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Shopping\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Estado\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Cidade\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Inauguração\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>ShoppingPatteo Urupema\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Mogi das Cruzes\u003C\u002Ftd>\u003Ctd>10.000\u003C\u002Ftd>\u003Ctd>Abril\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pontal Shopping\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Porto Alegre\u003C\u002Ftd>\u003Ctd>27.247\u003C\u002Ftd>\u003Ctd>Abril\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Recanto Shopping\u003C\u002Ftd>\u003Ctd>DF\u003C\u002Ftd>\u003Ctd>Brasília\u003C\u002Ftd>\u003Ctd>19.000\u003C\u002Ftd>\u003Ctd>Março\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ParkShoppingMogi Mirim\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Mogi Mirim\u003C\u002Ftd>\u003Ctd>12.810\u003C\u002Ftd>\u003Ctd>Maio\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Terrazo Shopping\u003C\u002Ftd>\u003Ctd>CE\u003C\u002Ftd>\u003Ctd>Eusébio\u003C\u002Ftd>\u003Ctd>29.300\u003C\u002Ftd>\u003Ctd>Abril\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0042-00.png\">\u003C\u002Fp>\u003Cp>EB BINSWANGER\u003Cbr>EB BRAZIL\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cstrong>A INAUGURAR - 2024\u003C\u002Fstrong>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Shopping\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Estado\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Cidade\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Inauguração\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>ShoppingPlaza Rio das Ostras\u003C\u002Ftd>\u003Ctd>RJ\u003C\u002Ftd>\u003Ctd>Rio das Ostras\u003C\u002Ftd>\u003Ctd>17.856\u003C\u002Ftd>\u003Ctd>março de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Macopa Eco Mall\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>Curitiba\u003C\u002Ftd>\u003Ctd>12.000\u003C\u002Ftd>\u003Ctd>março de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Brooklyn Alamedas\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Boituva\u003C\u002Ftd>\u003Ctd>14.127\u003C\u002Ftd>\u003Ctd>março de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outlet Premium Imigrantes\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>São Bernardo do Campo\u003C\u002Ftd>\u003Ctd>17.800\u003C\u002Ftd>\u003Ctd>abril de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ShoppingCentralpark\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Vargem Grande Paulista\u003C\u002Ftd>\u003Ctd>22.466\u003C\u002Ftd>\u003Ctd>abril de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lago Center Shopping\u003C\u002Ftd>\u003Ctd>TO\u003C\u002Ftd>\u003Ctd>Araguaína\u003C\u002Ftd>\u003Ctd>28.000\u003C\u002Ftd>\u003Ctd>abril de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Espaço 356\u003C\u002Ftd>\u003Ctd>MG\u003C\u002Ftd>\u003Ctd>Belo Horizonte\u003C\u002Ftd>\u003Ctd>14.000\u003C\u002Ftd>\u003Ctd>1º semestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ShoppingAldeia da Serra\u003C\u002Ftd>\u003Ctd>ES\u003C\u002Ftd>\u003Ctd>Serra\u003C\u002Ftd>\u003Ctd>20.000\u003C\u002Ftd>\u003Ctd>1ºsemestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Boulevard Marília Shopping\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Marília\u003C\u002Ftd>\u003Ctd>7.238\u003C\u002Ftd>\u003Ctd>Agosto de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Catuaí ShoppingCascavel\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>Cascavel\u003C\u002Ftd>\u003Ctd>38.000\u003C\u002Ftd>\u003Ctd>Setembro de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Jardins de Vilhena Shopping\u003C\u002Ftd>\u003Ctd>RO\u003C\u002Ftd>\u003Ctd>Vilhena\u003C\u002Ftd>\u003Ctd>20.500\u003C\u002Ftd>\u003Ctd>Setembro de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Bourbon ShoppingCarlos Gomes\u003C\u002Ftd>\u003Ctd>RS\u003C\u002Ftd>\u003Ctd>Porto Alegre\u003C\u002Ftd>\u003Ctd>12.409\u003C\u002Ftd>\u003Ctd>Outubro de 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Santa Maria Outlet\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Cravinhos\u003C\u002Ftd>\u003Ctd>20.000\u003C\u002Ftd>\u003Ctd>2º semestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ShoppingPraia Sul\u003C\u002Ftd>\u003Ctd>SE\u003C\u002Ftd>\u003Ctd>Aracaju\u003C\u002Ftd>\u003Ctd>32.000\u003C\u002Ftd>\u003Ctd>2º semestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Flow Open Mall\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>Curitiba\u003C\u002Ftd>\u003Ctd>11.000\u003C\u002Ftd>\u003Ctd>2º semestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Olímpia Garden Outlet\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Olímpia\u003C\u002Ftd>\u003Ctd>17.000\u003C\u002Ftd>\u003Ctd>2º semestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Centrosul Shopping\u003C\u002Ftd>\u003Ctd>SE\u003C\u002Ftd>\u003Ctd>Lagarto\u003C\u002Ftd>\u003Ctd>23.345\u003C\u002Ftd>\u003Ctd>2º semestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ShoppingNova Estação Mauá\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>Mauá\u003C\u002Ftd>\u003Ctd>6.400\u003C\u002Ftd>\u003Ctd>2º semestre 2024\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cem>Fonte: ABRASCE - Editado por Binswanger Brazil – mai\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Ch4>\u003Cstrong>TAXA DE CAPITALIZAÇÃO – CAP RATE\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O gráfico e quadros a seguir apresentam as transações realizadas nos últimos 12 meses. Nota-se que o Cap Rate estabilizado\u003Csup>5\u003C\u002Fsup> médio para este tipo de empreendimento é 8,43%:\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0042-06.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fonte: Siila - Editado por Binswanger Brazil – set\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cblockquote>\u003Cp>5 Considera-se a receita de aluguel gerada em uma base estabilizada, dividida pelo preço de compra menos qualquer aluguel abaixo do mercado, ou qualquer preço de custo para estabilizar (melhorias do inquilino, carência, comissões de aluguel ou melhorias de capital.\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0043-00.png\">\u003C\u002Fp>\u003Cp>ED\u003Cbr>MDS INSWANÇER\u003Cbr>\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Imóvel\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Estado\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Cidade\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Data da Transação\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Cap Rate (Estabilizado) (%)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Shopping Plaza Sul\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>22\u002F09\u002F2023\u003C\u002Ftd>\u003Ctd>8,60%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Plaza Sul\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>22\u002F09\u002F2023\u003C\u002Ftd>\u003Ctd>8,22%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Boulevard Shopping Bauru\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>Bauru\u003C\u002Ftd>\u003Ctd>03\u002F10\u002F2023\u003C\u002Ftd>\u003Ctd>9,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Via Sul Shopping\u003C\u002Ftd>\u003Ctd>Ceará\u003C\u002Ftd>\u003Ctd>Fortaleza\u003C\u002Ftd>\u003Ctd>24\u002F10\u002F2023\u003C\u002Ftd>\u003Ctd>8,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Natal Shopping\u003C\u002Ftd>\u003Ctd>Rio Grande do Norte\u003C\u002Ftd>\u003Ctd>Natal\u003C\u002Ftd>\u003Ctd>24\u002F10\u002F2023\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Botafogo Praia Shopping\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>24\u002F10\u002F2023\u003C\u002Ftd>\u003Ctd>8,20%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Conjunto Nacional\u003C\u002Ftd>\u003Ctd>Distrito Federal\u003C\u002Ftd>\u003Ctd>Brasília\u003C\u002Ftd>\u003Ctd>24\u002F10\u002F2023\u003C\u002Ftd>\u003Ctd>8,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Nova Iguaçu\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Nova Iguaçu\u003C\u002Ftd>\u003Ctd>26\u002F10\u002F2023\u003C\u002Ftd>\u003Ctd>8,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Eldorado\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>09\u002F11\u002F2023\u003C\u002Ftd>\u003Ctd>7,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Eldorado\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>09\u002F11\u002F2023\u003C\u002Ftd>\u003Ctd>7,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Capim Dourado Shopping\u003C\u002Ftd>\u003Ctd>Tocantins\u003C\u002Ftd>\u003Ctd>Palmas\u003C\u002Ftd>\u003Ctd>17\u002F11\u002F2023\u003C\u002Ftd>\u003Ctd>9,25%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Boulevard Shopping Bauru\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>Bauru\u003C\u002Ftd>\u003Ctd>21\u002F12\u002F2023\u003C\u002Ftd>\u003Ctd>9,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Madureira Shopping\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>23\u002F12\u002F2023\u003C\u002Ftd>\u003Ctd>8,56%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Estação\u003C\u002Ftd>\u003Ctd>Paraná\u003C\u002Ftd>\u003Ctd>Curitiba\u003C\u002Ftd>\u003Ctd>26\u002F12\u002F2023\u003C\u002Ftd>\u003Ctd>10,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Paralela\u003C\u002Ftd>\u003Ctd>Bahia\u003C\u002Ftd>\u003Ctd>Salvador\u003C\u002Ftd>\u003Ctd>02\u002F01\u002F2024\u003C\u002Ftd>\u003Ctd>10,06%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caxias Shopping\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Duque de Caxias\u003C\u002Ftd>\u003Ctd>24\u002F01\u002F2024\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Metropolitano Barra\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>26\u002F01\u002F2024\u003C\u002Ftd>\u003Ctd>9,10%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>I Fashion Outlet NH\u003C\u002Ftd>\u003Ctd>Rio Grande do Sul\u003C\u002Ftd>\u003Ctd>Novo Hamburgo\u003C\u002Ftd>\u003Ctd>29\u002F01\u002F2024\u003C\u002Ftd>\u003Ctd>9,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>I Fashion Outlet NH\u003C\u002Ftd>\u003Ctd>Rio Grande do Sul\u003C\u002Ftd>\u003Ctd>Novo Hamburgo\u003C\u002Ftd>\u003Ctd>08\u002F02\u002F2024\u003C\u002Ftd>\u003Ctd>8,93%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Pátio Maceió\u003C\u002Ftd>\u003Ctd>Alagoas\u003C\u002Ftd>\u003Ctd>Maceió\u003C\u002Ftd>\u003Ctd>16\u002F02\u002F2024\u003C\u002Ftd>\u003Ctd>7,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>I Fashion Outlet NH\u003C\u002Ftd>\u003Ctd>Rio Grande do Sul\u003C\u002Ftd>\u003Ctd>Novo Hamburgo\u003C\u002Ftd>\u003Ctd>07\u002F03\u002F2024\u003C\u002Ftd>\u003Ctd>7,40%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>I Fashion Outlet NH\u003C\u002Ftd>\u003Ctd>Rio Grande do Sul\u003C\u002Ftd>\u003Ctd>Novo Hamburgo\u003C\u002Ftd>\u003Ctd>25\u002F03\u002F2024\u003C\u002Ftd>\u003Ctd>7,50%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ParkShopping Jacarepaguá\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>02\u002F04\u002F2024\u003C\u002Ftd>\u003Ctd>8,59%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Jardim Sul\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>04\u002F04\u002F2024\u003C\u002Ftd>\u003Ctd>8,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Villagio Caxias do Sul\u003C\u002Ftd>\u003Ctd>Rio Grande do Sul\u003C\u002Ftd>\u003Ctd>Caxias do Sul\u003C\u002Ftd>\u003Ctd>16\u002F04\u002F2024\u003C\u002Ftd>\u003Ctd>8,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Carioca Shopping\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>29\u002F04\u002F2024\u003C\u002Ftd>\u003Ctd>9,80%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Bangu Shopping\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>07\u002F05\u002F2024\u003C\u002Ftd>\u003Ctd>7,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Top Shopping\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Nova Iguaçu\u003C\u002Ftd>\u003Ctd>09\u002F05\u002F2024\u003C\u002Ftd>\u003Ctd>9,30%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Ponta Negra\u003C\u002Ftd>\u003Ctd>Amazonas\u003C\u002Ftd>\u003Ctd>Manaus\u003C\u002Ftd>\u003Ctd>13\u002F05\u002F2024\u003C\u002Ftd>\u003Ctd>8,43%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Bela Vista\u003C\u002Ftd>\u003Ctd>Bahia\u003C\u002Ftd>\u003Ctd>Salvador\u003C\u002Ftd>\u003Ctd>13\u002F05\u002F2024\u003C\u002Ftd>\u003Ctd>10,23%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Catarina Fashion Outlet\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Roque\u003C\u002Ftd>\u003Ctd>13\u002F05\u002F2024\u003C\u002Ftd>\u003Ctd>9,44%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>São Luís Shopping Center\u003C\u002Ftd>\u003Ctd>São Luís\u003C\u002Ftd>\u003Ctd>Maranhão\u003C\u002Ftd>\u003Ctd>19\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>10,10%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Uberlândia Shopping\u003C\u002Ftd>\u003Ctd>Uberlândia\u003C\u002Ftd>\u003Ctd>Minas Gerais\u003C\u002Ftd>\u003Ctd>26\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>10,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping D\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>7,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Cerrado\u003C\u002Ftd>\u003Ctd>Goiânia\u003C\u002Ftd>\u003Ctd>Goiás\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>7,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Tietê Plaza Shopping\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>7,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Metropolitano Barra\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>7,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Cidade São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>7,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Grand Plaza Shopping\u003C\u002Ftd>\u003Ctd>Santo André\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>27\u002F06\u002F2024\u003C\u002Ftd>\u003Ctd>7,90%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rio Sul Shopping Center\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>08\u002F07\u002F2024\u003C\u002Ftd>\u003Ctd>7,70%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rio Sul Shopping Center\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>Rio de Janeiro\u003C\u002Ftd>\u003Ctd>08\u002F07\u002F2024\u003C\u002Ftd>\u003Ctd>7,70%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Iguatemi São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>23\u002F07\u002F2024\u003C\u002Ftd>\u003Ctd>11,20%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Iguatemi Alphaville\u003C\u002Ftd>\u003Ctd>São Paulo\u003C\u002Ftd>\u003Ctd>Barueri\u003C\u002Ftd>\u003Ctd>28\u002F07\u002F2024\u003C\u002Ftd>\u003Ctd>8,76%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cem>Fonte: Siila - Editado por Binswanger Brazil – set\u002F2024\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0044-00.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>FII’S DE SHOPPING CENTERS NO BRASIL\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Os Fundos de Investimento Imobiliário de shopping centers surgiram no Brasil com o intuito de promover securitização deste tipo de ativo. Abaixo, demonstramos alguns dos principais fundos de investimento com ênfase em shopping centers:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>FII's DE SHOPPING CENTERS\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Fundo\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>VPL (R$)\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(milhões)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Código\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Valor da Cota\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(R$)\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fundo De Investimento Imobiliário Grand Plaza Shopping\u003C\u002Ftd>\u003Ctd>337\u003C\u002Ftd>\u003Ctd>ABCP11\u003C\u002Ftd>\u003Ctd>71,68\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Hedge Atrium Shopping Santo André Fundo De Investimento Imobiliário\u003C\u002Ftd>\u003Ctd>98\u003C\u002Ftd>\u003Ctd>ATSA11\u003C\u002Ftd>\u003Ctd>56,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fundo De Investimento Imobiliário Btg Pactual Shoppings\u003C\u002Ftd>\u003Ctd>447\u003C\u002Ftd>\u003Ctd>BPML11\u003C\u002Ftd>\u003Ctd>104\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>General Shopping Ativo E Renda Fundo De Investimento Imobiliário\u003C\u002Ftd>\u003Ctd>164\u003C\u002Ftd>\u003Ctd>FIGS11\u003C\u002Ftd>\u003Ctd>57,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII Vida Nova\u003C\u002Ftd>\u003Ctd>26\u003C\u002Ftd>\u003Ctd>FIVN11\u003C\u002Ftd>\u003Ctd>2,79\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII Floripa Shopping\u003C\u002Ftd>\u003Ctd>136\u003C\u002Ftd>\u003Ctd>FLRP11\u003C\u002Ftd>\u003Ctd>2.100,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fundo De Investimento Imobiliário Via Parque Shopping - FII\u003C\u002Ftd>\u003Ctd>262\u003C\u002Ftd>\u003Ctd>FVPQ11\u003C\u002Ftd>\u003Ctd>93,57\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>General Shopping E Outlets Do Brasil Fundo De Investimento Imobiliário - FII\u003C\u002Ftd>\u003Ctd>183\u003C\u002Ftd>\u003Ctd>GSFI11\u003C\u002Ftd>\u003Ctd>2,68\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Hedge Brasil Shopping Fundo De Investimento Imobiliário\u003C\u002Ftd>\u003Ctd>2.828\u003C\u002Ftd>\u003Ctd>HGBS11\u003C\u002Ftd>\u003Ctd>222,17\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Hsi Malls Fundo De Investimento Imobiliário\u003C\u002Ftd>\u003Ctd>1.976\u003C\u002Ftd>\u003Ctd>HSML11\u003C\u002Ftd>\u003Ctd>96,78\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII Shopping Jardim Sul\u003C\u002Ftd>\u003Ctd>216\u003C\u002Ftd>\u003Ctd>JRDM11\u003C\u002Ftd>\u003Ctd>85,9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Legatus Shoppings Fi Imobiliário FII\u003C\u002Ftd>\u003Ctd>330\u003C\u002Ftd>\u003Ctd>LASC11\u003C\u002Ftd>\u003Ctd>112,51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Malls Brasil Plural Fundo De Investimento Imobiliário\u003C\u002Ftd>\u003Ctd>1.480\u003C\u002Ftd>\u003Ctd>MALL11\u003C\u002Ftd>\u003Ctd>114,13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>FII Parque Dom Pedro Shopping Center\u003C\u002Ftd>\u003Ctd>516\u003C\u002Ftd>\u003Ctd>PQDP11\u003C\u002Ftd>\u003Ctd>2.050,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Rb Capital General Shopping Sulacap\u003C\u002Ftd>\u003Ctd>30\u003C\u002Ftd>\u003Ctd>RBGS11\u003C\u002Ftd>\u003Ctd>28,45\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SCP FII\u003C\u002Ftd>\u003Ctd>15\u003C\u002Ftd>\u003Ctd>SCPF11\u003C\u002Ftd>\u003Ctd>3,77\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fundo De Investimento Imobiliário Shopping Pátio Higienópolis\u003C\u002Ftd>\u003Ctd>519\u003C\u002Ftd>\u003Ctd>SHPH11\u003C\u002Ftd>\u003Ctd>852,99\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vinci Shopping Centers Fundo De Investimento Imobiliário - FII\u003C\u002Ftd>\u003Ctd>3.463\u003C\u002Ftd>\u003Ctd>VISC11\u003C\u002Ftd>\u003Ctd>120,14\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fundo De Investimento Imobiliário Votorantim Shopping\u003C\u002Ftd>\u003Ctd>157\u003C\u002Ftd>\u003Ctd>VSHO11\u003C\u002Ftd>\u003Ctd>75,24\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping West Plaza Fundo De Investimento imobiliário\u003C\u002Ftd>\u003Ctd>63\u003C\u002Ftd>\u003Ctd>WPLZ11\u003C\u002Ftd>\u003Ctd>59,79\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Xp Malls Fundo De Investimento Imobiliário FII\u003C\u002Ftd>\u003Ctd>4.627\u003C\u002Ftd>\u003Ctd>XPML11\u003C\u002Ftd>\u003Ctd>116,4\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Data-base: maio de 2024, competência maio de 2024\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>5.3. CONCORRÊNCIA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Localizado na capital mineira, o Shopping DiamondMall está próximo de diversos concorrentes. Abaixo, apresentamos características de empreendimentos no raio de 5 km.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Shopping\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL (m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Público-alvo\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Nº de Lojas\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Âncoras\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Megalojas\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Satélites\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Serviços\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Alimentação\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Shopping\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>DiamondMall\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>24.048,68\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>A e B\u003C\u002Ftd>\u003Ctd>\u003Cstrong>195\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>3\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>144\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>13\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>34\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Cidade\u003C\u002Ftd>\u003Ctd>21.214,53\u003C\u002Ftd>\u003Ctd>B\u003C\u002Ftd>\u003Ctd>146\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>93\u003C\u002Ftd>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pátio Savassi\u003C\u002Ftd>\u003Ctd>21.107,56\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>136\u003C\u002Ftd>\u003Ctd>4\u003C\u002Ftd>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>98\u003C\u002Ftd>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Boulevard Shopping\u003Cbr>BH\u003C\u002Ftd>\u003Ctd>41.672,30\u003C\u002Ftd>\u003Ctd>A, B e C\u003C\u002Ftd>\u003Ctd>185\u003C\u002Ftd>\u003Ctd>5\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003Ctd>121\u003C\u002Ftd>\u003Ctd>20\u003C\u002Ftd>\u003Ctd>31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Anchieta Garden\u003Cbr>Shopping\u003C\u002Ftd>\u003Ctd>10.385,00\u003C\u002Ftd>\u003Ctd>A e B\u003C\u002Ftd>\u003Ctd>63\u003C\u002Ftd>\u003Ctd>2\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>49\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003Ctd>9\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Shopping Del Rey\u003C\u002Ftd>\u003Ctd>38.364,40\u003C\u002Ftd>\u003Ctd>B\u003C\u002Ftd>\u003Ctd>245\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003Ctd>6\u003C\u002Ftd>\u003Ctd>153\u003C\u002Ftd>\u003Ctd>27\u003C\u002Ftd>\u003Ctd>46\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0045-03.png\">\u003C\u002Fp>\u003Cp>\u003Cem>Fachada do Imóvel\u003C\u002Fem>\u003C\u002Fp>\u003Ch3>\u003Cstrong>6. ANÁLISE DE OPERAÇÃO\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>Com base nas planilhas financeiras e econômicas (Relatórios gerenciais, Rent Roll e os Demonstrativos de Resultado de janeiro 2018 a outubro de 2024), bem como das informações detalhadas de aluguel mínimo, complementar e venda de cada loja mês a mês de janeiro de 2018 a outubro de 2024, realizamos todas as análises de desempenho do empreendimento que nos balizaram nas projeções futuras de nossos fluxos de caixa.\u003C\u002Fp>\u003Ch4>\u003Cstrong>6.1. ALUGUEL MÍNIMO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0046-03.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico\u003Cbr>Aluguel Mínimo\u003Cbr>12.000\u003Cbr>q\u003Cbr>2\u003Cbr>E 10.000\u003Cbr>z\u003Cbr>8.000\u003Cbr>6.000\u003Cbr>4.000\u003Cbr>2.000\u003Cbr>[o vevevunnacocnnuanaanngnas\u003Cbr>LTZLITETAIITEILTJIADIANIITS\u003Cbr>AEgREgaEgaaERREgaEaaE\u003Cbr>—$ ——\u003Cbr>R$ da base\u003Cbr>\u003C\u002Fp>\u003Cp>O gráfico acima apresenta os valores recebidos de aluguel mínimo em valores nominais (vermelho) e em reais da base (azul), descontados pelo IPCA, para entender se houve crescimento real dos valores.\u003C\u002Fp>\u003Cp>O empreendimento resistiu bem ao período de lockdown durante 2020 e 2021, apresentando rápida recuperação dos valores de aluguel mínimo.\u003C\u002Fp>\u003Cp>A seguir apresentamos o comportamento dos valores por segmento, com as lojas âncoras e megalojas apresentadas individualmente e as lojas satélites agrupadas conforme segmento.\u003C\u002Fp>\u003Cp>Podemos perceber redução significativa nos aluguéis mínimos nos segmentos de alimentação e artigos do lar, refletindo no aumento de aluguéis complementares desses segmentos.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0047-00.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>450 Empório Verdemar 600 Renner\u003Cbr>400 500\u003Cbr>350\u003Cbr>300 400\u003Cbr>250 300\u003Cbr>200 200\u003Cbr>150\u003Cbr>100\u003Cbr>100\u003Cbr>50 0\u003Cbr>0 -100\u003Cbr>R$\u002Fm² R$ da base\u002Fm² R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>160 Fast Shop 1000 Vestuário\u003Cbr>900\u003Cbr>140\u003Cbr>800\u003Cbr>120 700\u003Cbr>100 600\u003Cbr>500\u003Cbr>80\u003Cbr>400\u003Cbr>60 300\u003Cbr>40 200\u003Cbr>100\u003Cbr>20 0\u003Cbr>0 -100\u003Cbr>R$\u002Fm² R$ da base\u002Fm² R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>Alimentação 500 Artigos Do Lar\u003Cbr>900\u003Cbr>450\u003Cbr>800\u003Cbr>400\u003Cbr>700\u003Cbr>350\u003Cbr>600\u003Cbr>300\u003Cbr>500 250\u003Cbr>400 200\u003Cbr>300 150\u003Cbr>200 100\u003Cbr>100 50\u003Cbr>0 0\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>600 Artigos Diversos 1200 Joias, Relógios e Bijuterias\u003Cbr>500 1000\u003Cbr>400 800\u003Cbr>300 600\u003Cbr>200 400\u003Cbr>100 200\u003Cbr>0 0\u003Cbr>R$\u002Fm² R$ da base\u002Fm² R$\u002Fm² R$ da base\u002Fm²\u003Cbr>jan-18 mai-18 jan-19 mai-19 jan-20 mai-20 jan-21 set-21 jan-22 set-22 jan-23 set-23 jan-24 set-24\u003Cbr>jan-18 jan-20 mai-20 jan-22 mai-22 set-22 mai-24 set-24\u003Cbr>jan-19 mai-19 set-20 jan-21 mai-22 set-22 jan-24 mai-24\u003Cbr>jan-19 set-19 mai-20 mai-21 jan-22 set-22 mai-24\u003Cbr>mai-18 mai-19 mai-20 mai-21 mai-22 mai-23 mai-24\u003Cbr>jan-18 mai-18 mai-22 set-22 jan-23 mai-23 set-23 jan-24 mai-24 jan-18 set-20 jan-21 mai-21 set-21 mai-24 set-24\u003Cbr>mai-18 mai-19 set-19 set-20 set-21 set-22 set-23 set-24 set-18 set-19 set-20 mai-21 mai-22 mai-23 mai-24\u003Cbr>mai-18 set-18 jan-19 mai-19 set-19 set-20 jan-21 mai-21 set-21 jan-23 mai-23 set-23 jan-24\u003Cbr>jan-18 mai-18 set-18 set-19 jan-20 mai-20 mai-21 set-21 jan-22 jan-23 mai-23 set-23 set-24\u003Cbr>jan-18 mai-18 set-18 mai-19 jan-20 set-20 jan-21 set-21 mai-22 jan-23 mai-23 set-23 jan-24 set-24\u003Cbr>jan-18 set-18 jan-19 set-19 jan-20 set-20 jan-21 set-21 jan-22 set-22 jan-23 set-23 jan-24 set-24\u003Cbr>set-18 jan-19 mai-19 set-19 jan-20 mai-20 set-20 jan-21 mai-21 set-21 jan-22 set-24 mai-18 set-18 jan-19 mai-19 set-19 jan-20 mai-20 jan-22 mai-22 set-22 jan-23 mai-23 set-23 jan-24\u003Cbr>jan-18 set-18 jan-19 jan-20 mai-20 jan-21 mai-21 jan-22 mai-22 jan-23 mai-23 jan-24 mai-24\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0048-00.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico de Aluguéis\u003Cbr>Perfumaria E Cosmético\u003Cbr>1200\u003Cbr>1000\u003Cbr>800\u003Cbr>600\u003Cbr>400\u003Cbr>200\u003Cbr>0\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis\u003Cbr>Telefonia E Acessórios\u003Cbr>1600\u003Cbr>1400\u003Cbr>1200\u003Cbr>1000\u003Cbr>800\u003Cbr>600\u003Cbr>400\u003Cbr>200\u003Cbr>0\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>mai-18 mai-19 jan-20 set-20 set-21 mai-22 mai-23 jan-24 set-24\u003Cbr>jan-18 jan-19 jan-20 mai-20 jan-21 mai-21 jan-22 mai-22 mai-23 mai-24\u003Cbr>jan-18 set-18 jan-19 set-19 mai-20 jan-21 mai-21 jan-22 set-22 jan-23 set-23 mai-24\u003Cbr>mai-18 set-18 mai-19 set-19 set-20 set-21 set-22 jan-23 set-23 jan-24 set-24\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0048-01.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico de Aluguéis\u003Cbr>Conveniência e Serviços\u003Cbr>800\u003Cbr>700\u003Cbr>600\u003Cbr>500\u003Cbr>400\u003Cbr>300\u003Cbr>200\u003Cbr>100\u003Cbr>0\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis\u003Cbr>Ótica\u003Cbr>1600\u003Cbr>1400\u003Cbr>1200\u003Cbr>1000\u003Cbr>800\u003Cbr>600\u003Cbr>400\u003Cbr>200\u003Cbr>0\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>jan-18 mai-18 set-18 jan-19 mai-19 set-19 jan-20 mai-20 set-20 jan-21\u003Cbr>mai-18 mai-19 set-19 set-20 jan-22 mai-23 mai-24 set-24\u003Cbr>mai-21 set-21 jan-22 mai-22 set-22 jan-23 mai-23 set-23 jan-24 mai-24 set-24\u003Cbr>jan-18 set-18 jan-19 jan-20 mai-20 jan-21 mai-21 set-21 mai-22 set-22 jan-23 set-23 jan-24\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>6.2. ALUGUÉIS COMPLEMENTARES\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Os pagamentos de aluguéis complementares diminuíram durante a pandemia, em linha com as vendas dos lojistas, apresentando rápida recuperação após o período e hoje segue um patamar constante, com picos em dezembro.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0049-02.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico\u003Cbr>Aluguel Complementar\u003Cbr>400\u003Cbr>q8\u003Cbr>350\u003Cbr>E\u003Cbr>S 300\u003Cbr>250\u003Cbr>200\u003Cbr>150\u003Cbr>100\u003Cbr>50\u003Cbr>[o vevevunnaacocnnuanaanngnas\u003Cbr>LTZLITETAIITEILTJIADIANIITS\u003Cbr>aEgasiaagasgaaEaEEaaE\u003Cbr>— R$ — R$ da base\u003Cbr>\u003C\u002Fp>\u003Cp>A seguir apresentamos o comportamento dos valores por segmento, com as lojas âncoras e megalojas apresentadas individualmente e as lojas satélites agrupadas conforme segmento. As lojas e segmentos não indicados, não apresentam aluguel complementar recorrente.\u003C\u002Fp>\u003Cp>As lojas de segmento de vestuário, alimentação perfumaria e cosméticos e artigos do lar começaram a pagar aluguéis complementares constantes em comparação aos últimos anos.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0050-00.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>Cinemark Vestuário\u003Cbr>80 40\u003Cbr>70 35\u003Cbr>60 30\u003Cbr>50 25\u003Cbr>40 20\u003Cbr>30 15\u003Cbr>20 10\u003Cbr>10 5\u003Cbr>0 0\u003Cbr>R$\u002Fm² R$ da base\u002Fm² R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>120 Alimentação 100 Artigos Do Lar\u003Cbr>90\u003Cbr>100 80\u003Cbr>70\u003Cbr>80\u003Cbr>60\u003Cbr>60 50\u003Cbr>40\u003Cbr>40 30\u003Cbr>20 20\u003Cbr>10\u003Cbr>0 0\u003Cbr>R$\u002Fm² R$ da base\u002Fm² R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>Artigos Diversos 120 Joias, Relógios e Bijuterias\u003Cbr>50\u003Cbr>45 100\u003Cbr>40\u003Cbr>35 80\u003Cbr>30\u003Cbr>25 60\u003Cbr>20\u003Cbr>40\u003Cbr>15\u003Cbr>10 20\u003Cbr>5\u003Cbr>0 0\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>90 Perfumaria E Cosmético 80 Conveniência e Serviços\u003Cbr>80\u003Cbr>70\u003Cbr>70\u003Cbr>60\u003Cbr>60\u003Cbr>50\u003Cbr>50\u003Cbr>40\u003Cbr>40\u003Cbr>30 30\u003Cbr>20 20\u003Cbr>10 10\u003Cbr>0 0\u003Cbr>R$\u002Fm² R$ da base\u002Fm² R$\u002Fm² R$ da base\u002Fm²\u003Cbr>Desempenho Histórico de Aluguéis Desempenho Histórico de Aluguéis\u003Cbr>Telefonia E Acessórios Ótica\u003Cbr>100\u003Cbr>120\u003Cbr>90\u003Cbr>100 80\u003Cbr>70\u003Cbr>80 60\u003Cbr>50\u003Cbr>60\u003Cbr>40\u003Cbr>40 30\u003Cbr>20\u003Cbr>20 10\u003Cbr>0 0\u003Cbr>R$\u002Fm² R$ da base\u002Fm² R$\u002Fm² R$ da base\u002Fm²\u003Cbr>jan-18 mai-18 set-18 set-19 jan-20 mai-20 mai-21 set-21 jan-22 jan-23 mai-23 set-23 set-24 mai-18 set-18 jan-19 mai-19 set-19 set-20 jan-21 mai-21 set-21 jan-23 mai-23 set-23 jan-24\u003Cbr>jan-18 set-18 jan-19 set-19 jan-20 set-20 jan-21 set-21 jan-22 set-22 jan-23 set-23 jan-24 set-24 jan-18 mai-18 set-18 mai-19 jan-20 set-20 jan-21 set-21 mai-22 jan-23 mai-23 set-23 jan-24 set-24\u003Cbr>set-18 jan-19 mai-19 set-19 jan-20 mai-20 set-20 jan-21 mai-21 set-21 jan-22 set-24 mai-18 set-18 jan-19 mai-19 set-19 jan-20 mai-20 jan-22 mai-22 set-22 jan-23 mai-23 set-23 jan-24\u003Cbr>jan-18 set-18 jan-19 jan-20 mai-20 jan-21 mai-21 jan-22 mai-22 jan-23 mai-23 jan-24 mai-24\u003Cbr>jan-18 set-18 jan-19 set-19 mai-20 jan-21 mai-21 jan-22 set-22 jan-23 set-23 mai-24 mai-21 set-21 jan-22 mai-22 set-22 jan-23 mai-23 set-23 jan-24 mai-24 set-24\u003Cbr>jan-19 mai-19 set-20 jan-21 mai-22 set-22 jan-24 mai-24 jan-18 jan-20 mai-20 jan-22 mai-22 set-22 mai-24 set-24\u003Cbr>mai-18 mai-19 mai-20 mai-21 mai-22 mai-23 mai-24 jan-19 set-19 mai-20 mai-21 jan-22 set-22 mai-24\u003Cbr>jan-18 mai-18 mai-22 set-22 jan-23 mai-23 set-23 jan-24 mai-24 jan-18 set-20 jan-21 mai-21 set-21 mai-24 set-24\u003Cbr>mai-18 mai-19 set-19 set-20 set-21 set-22 set-23 set-24 jan-18 mai-18 set-18 jan-19 mai-19 set-19 jan-20 mai-20 set-20 jan-21 mai-21 set-21 jan-22 mai-22 set-22 jan-23 mai-23 set-23 jan-24 mai-24 set-24\u003Cbr>mai-18 mai-19 jan-20 set-20 set-21 mai-22 mai-23 jan-24 set-24 jan-18 mai-18 set-18 jan-19 mai-19 set-19 jan-20 mai-20 set-20 jan-21\u003Cbr>\u003C\u002Fp>\u003Ch4>\u003Cstrong>6.3. VACÂNCIA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0051-01.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico\u003Cbr>Taxa de Vacância\u003Cbr>5.000 100%\u003Cbr>4.500 90%\u003Cbr>4.000 80%\u003Cbr>3.500 70%\u003Cbr>3.000 60%\u003Cbr>2.500 50%\u003Cbr>2.000 40%\u003Cbr>1.500 30%\u003Cbr>1.000 20%\u003Cbr>500 10%\u003Cbr>[o von ans oo Naa. 0%\u003Cbr>LICTETTITAINTANITAIITAR\u003Cbr>LEBRESRSEREERAEREEREE\u003Cbr>mms ABL Vaga (m?) — Taxa de Ocupação\u003Cbr>\u003C\u002Fp>\u003Cp>O empreendimento possui baixa taxa de vacância histórica, se mantendo constantemente entre 3 e 5%. Em dezembro de 2021, com a saída da Companhia Atlética, o shopping teve uma baixa considerável na área ocupada, a qual foi rapidamente minimizada por novos lojistas.\u003C\u002Fp>\u003Ch4>\u003Cstrong>6.4. RECEITA DE ESTACIONAMENTO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0051-04.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>6.5. DESPESAS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0052-01.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico\u003Cbr>Despesas Totais\u003Cbr>3.500\u003Cbr>q\u003Cbr>2\u003Cbr>E 3000\u003Cbr>3 2500\u003Cbr>2.000\u003Cbr>1.500\u003Cbr>1.000\u003Cbr>500\u003Cbr>[o\u003Cbr>vcvevnangococsnndaaqqnangasLLETTELAÃIATANITIATAÃDITA\u003Cbr>LEBSEREERREAEERaÇAEE\u003Cbr>— RS ——R$ da base\u003Cbr>\u003C\u002Fp>\u003Cp>As despesas, que sofreram redução durante o período de lockdown, atualmente estão em um patamar semelhante ao de 2019.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0052-03.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>6.6. RESULTADO OPERACIONAL LÍQUIDO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0053-01.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico\u003Cbr>Resultado Operacional Líquido\u003Cbr>12.000\u003Cbr>q\u003Cbr>2\u003Cbr>E 10.000\u003Cbr>z\u003Cbr>8.000\u003Cbr>6.000\u003Cbr>4.000\u003Cbr>2.000\u003Cbr>[o\u003Cbr>vcevnangnocoocsonndaaqqnangasLLETTELAÃIATANITIATAÃDITA\u003Cbr>LEBSEREERREAEERaÇAEE\u003Cbr>— RS ——R$ da base\u003Cbr>\u003C\u002Fp>\u003Cp>Assim como as análises anteriores, quando analisado o desempenho em R$ da Base, o empreendimento apresentou queda do resultado líquido operacional no acumulado dos últimos 12 meses.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0053-03.png\">\u003C\u002Fp>\u003Ch4>\u003Cstrong>6.7. RESULTADO LÍQUIDO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0054-01.png\">\u003C\u002Fp>\u003Cp>Desempenho Histórico\u003Cbr>Resultado Líquido\u003Cbr>12.000\u003Cbr>q\u003Cbr>2\u003Cbr>E 10.000\u003Cbr>z\u003Cbr>8.000\u003Cbr>6.000\u003Cbr>4.000\u003Cbr>2.000\u003Cbr>[o\u003Cbr>vcevnangnocoocsonndaaqqnangasLLETTELAÃIATANITIATAÃDITA\u003Cbr>LEBSEREERREAEERaÇAEE\u003Cbr>— RS ——R$ da base\u003Cbr>\u003C\u002Fp>\u003Cp>Em linha com o Resultado Operacional Líquido.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0054-03.png\">\u003C\u002Fp>\u003Ch3>\u003Cstrong>7. METODOLOGIA EMPREGADA\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>A metodologia adotada para este trabalho fundamenta-se nos seguintes critérios e preceitos: NBR 14653; Parte 1 – Procedimentos Gerais; Parte 2 - Imóveis Urbanos e Parte 4 - Empreendimentos, da ABNT (Associação Brasileira de Normas Técnicas); Normas para Avaliações de Imóveis Urbanos publicadas pelo IBAPE\u002FSP (Instituto Brasileiro e Avaliações e Perícias de Engenharia); Requisitos básicos do Red Book, estipulados pelo RICS (Royal Institution of Chartered Surveyors), da Grã Bretanha.\u003C\u002Fp>\u003Cp>O avaliando teve seu valor de mercado para venda obtido pelo Método da Renda, com base no fluxo de caixa de um Shopping Center. O método da renda, com base no Fluxo de Caixa Descontado é aquele que identifica o valor de mercado de um empreendimento através da análise de seu fluxo de receitas, custos e despesas ao longo de um determinado período.\u003C\u002Fp>\u003Cp>Serão realizados exercícios em cenário conservador, de forma a permitir uma análise do retorno esperado, além de apresentar uma expectativa de resultado mais próxima com a realidade mercadológica do momento.\u003C\u002Fp>\u003Ch3>\u003Cstrong>8. CÁLCULO DO VALOR DO IMÓVEL\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>Para a avaliação do empreendimento em questão, utilizamos o método de avaliação conhecido como \"Método de Fluxo de Caixa Descontado (FCD)”, o qual é utilizado na avaliação de empreendimentos de base imobiliária, projetando-se todas as receitas e despesas do empreendimento para um horizonte que se entenda o mais adequado.\u003C\u002Fp>\u003Cp>Através deste método foi determinado o valor do imóvel sob a ótica de investimento, tendo como base a operação atual. A seguir apresentamos as premissas de análises.\u003C\u002Fp>\u003Ch4>\u003Cstrong>8.1. ÁREAS ADOTADAS - ABL\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>A seguir mencionaremos todas as premissas utilizadas na análise do empreendimento em questão, considerando as fases do empreendimento.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Âncoras\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>4.578,16\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-25\u002FGD-25\u002FGD-26\u003C\u002Ftd>\u003Ctd>Cinemark\u003C\u002Ftd>\u003Ctd>2.169,92\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>M-01\u002F38\u003C\u002Ftd>\u003Ctd>Empório Verdemar\u003C\u002Ftd>\u003Ctd>1.225,44\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-01A\u002FGD-07\u003C\u002Ftd>\u003Ctd>Renner\u003C\u002Ftd>\u003Ctd>1.182,80\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mega Lojas\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>671,15\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-22\u003C\u002Ftd>\u003Ctd>Fast Shop\u003C\u002Ftd>\u003Ctd>671,15\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Satélites\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>13.584,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-47\u003C\u002Ftd>\u003Ctd>Pobre Juan\u003C\u002Ftd>\u003Ctd>494,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-16\u002F17\u002F18\u002F19\u002F19-A\u002F20\u002F21\u002F22\u002F23\u003C\u002Ftd>\u003Ctd>Outback Steakhouse\u003C\u002Ftd>\u003Ctd>461,23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-13\u002F14\u002F15\u003C\u002Ftd>\u003Ctd>Drogaria Araújo\u003C\u002Ftd>\u003Ctd>444,66\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-08\u003C\u002Ftd>\u003Ctd>Camicado\u003C\u002Ftd>\u003Ctd>348,62\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-13\u003C\u002Ftd>\u003Ctd>Leitura\u003C\u002Ftd>\u003Ctd>281,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-05\u002F06\u003C\u002Ftd>\u003Ctd>La Ville\u003C\u002Ftd>\u003Ctd>280,63\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-01\u003C\u002Ftd>\u003Ctd>Marie Cuisine\u003C\u002Ftd>\u003Ctd>278,45\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-01\u002F02\u003C\u002Ftd>\u003Ctd>Iplace\u003C\u002Ftd>\u003Ctd>271,92\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-25\u002F26\u002F27\u003C\u002Ftd>\u003Ctd>Cabaña Porteña\u003C\u002Ftd>\u003Ctd>244,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-21A\u002F22\u002F22B\u003C\u002Ftd>\u003Ctd>Adidas\u003C\u002Ftd>\u003Ctd>221,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-21\u003C\u002Ftd>\u003Ctd>Brooksfield\u003C\u002Ftd>\u003Ctd>205,60\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-22A\u003C\u002Ftd>\u003Ctd>New Balance\u003C\u002Ftd>\u003Ctd>181,03\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-11\u003C\u002Ftd>\u003Ctd>Shoulder\u003C\u002Ftd>\u003Ctd>167,56\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-30\u003C\u002Ftd>\u003Ctd>Pecorino\u003C\u002Ftd>\u003Ctd>166,35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-10\u003C\u002Ftd>\u003Ctd>Estripulia\u003C\u002Ftd>\u003Ctd>164,62\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-04\u003C\u002Ftd>\u003Ctd>Track & Field\u003C\u002Ftd>\u003Ctd>164,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-48\u003C\u002Ftd>\u003Ctd>Caravela\u003C\u002Ftd>\u003Ctd>157,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-31\u002F32\u002F33\u003C\u002Ftd>\u003Ctd>Hugo Boss\u003C\u002Ftd>\u003Ctd>152,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-09\u003C\u002Ftd>\u003Ctd>Via Veneto\u003C\u002Ftd>\u003Ctd>151,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-54\u002F55\u002F56\u003C\u002Ftd>\u003Ctd>Cacau Show\u003C\u002Ftd>\u003Ctd>140,95\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-14\u002F15\u003C\u002Ftd>\u003Ctd>Diesel\u003C\u002Ftd>\u003Ctd>140,00\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>BG-24\u002F24A\u003C\u002Ftd>\u003Ctd>Kimmiso\u003C\u002Ftd>\u003Ctd>134,33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-11\u002F12\u003C\u002Ftd>\u003Ctd>M. Martan\u003C\u002Ftd>\u003Ctd>134,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-16\u002F17\u003C\u002Ftd>\u003Ctd>Ave Rara\u003C\u002Ftd>\u003Ctd>134,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-20\u002F21\u003C\u002Ftd>\u003Ctd>Planeta Imaginário\u003C\u002Ftd>\u003Ctd>134,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-18\u002F19\u003C\u002Ftd>\u003Ctd>Souq\u003C\u002Ftd>\u003Ctd>132,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-19\u002F20\u003C\u002Ftd>\u003Ctd>Casa Almeida\u003C\u002Ftd>\u003Ctd>132,51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-10\u003C\u002Ftd>\u003Ctd>Richards\u003C\u002Ftd>\u003Ctd>129,51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-23\u002F24\u003C\u002Ftd>\u003Ctd>Pb Kids\u003C\u002Ftd>\u003Ctd>127,18\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-42\u002F43\u003C\u002Ftd>\u003Ctd>Mc Donald'S\u003C\u002Ftd>\u003Ctd>125,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-14\u002F15\u003C\u002Ftd>\u003Ctd>Osklen\u003C\u002Ftd>\u003Ctd>121,74\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-33\u002F34\u003C\u002Ftd>\u003Ctd>Lm Studio\u003C\u002Ftd>\u003Ctd>116,82\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-38\u003C\u002Ftd>\u003Ctd>Dona Conceição\u003C\u002Ftd>\u003Ctd>110,44\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-12\u002F13\u003C\u002Ftd>\u003Ctd>Reserva\u003C\u002Ftd>\u003Ctd>110,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-03\u002F04\u003C\u002Ftd>\u003Ctd>Vivo\u003C\u002Ftd>\u003Ctd>108,66\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-11\u003C\u002Ftd>\u003Ctd>Beleza Na Web\u003C\u002Ftd>\u003Ctd>108,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-85\u002F86\u003C\u002Ftd>\u003Ctd>Aramis\u003C\u002Ftd>\u003Ctd>107,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-09\u002F10\u003C\u002Ftd>\u003Ctd>Claro\u003C\u002Ftd>\u003Ctd>106,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-82\u002F83\u003C\u002Ftd>\u003Ctd>H. Stern\u003C\u002Ftd>\u003Ctd>106,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-29\u003C\u002Ftd>\u003Ctd>Eddie Fine Burger\u003C\u002Ftd>\u003Ctd>106,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-40\u002F41\u003C\u002Ftd>\u003Ctd>Arezzo\u003C\u002Ftd>\u003Ctd>104,98\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-61\u002F62\u002F63\u003C\u002Ftd>\u003Ctd>Bel Cosméticos\u003C\u002Ftd>\u003Ctd>104,97\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-63\u002F64\u003C\u002Ftd>\u003Ctd>Vivara\u003C\u002Ftd>\u003Ctd>104,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-06\u002F07\u003C\u002Ftd>\u003Ctd>Lizie\u003C\u002Ftd>\u003Ctd>99,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-30\u002F31\u002F32\u003C\u002Ftd>\u003Ctd>K9\u003C\u002Ftd>\u003Ctd>97,33\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-74\u002F75\u003C\u002Ftd>\u003Ctd>Brooksfield Donna\u003C\u002Ftd>\u003Ctd>94,31\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-29\u002F36\u003C\u002Ftd>\u003Ctd>Mob\u003C\u002Ftd>\u003Ctd>92,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-02\u002F03\u003C\u002Ftd>\u003Ctd>Luxe\u003C\u002Ftd>\u003Ctd>91,75\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-66\u002F67\u003C\u002Ftd>\u003Ctd>Água De Coco\u003C\u002Ftd>\u003Ctd>90,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-44\u002F44A\u002F45\u003C\u002Ftd>\u003Ctd>Tim\u003C\u002Ftd>\u003Ctd>90,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-49\u002F50\u003C\u002Ftd>\u003Ctd>Colcci\u003C\u002Ftd>\u003Ctd>86,94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-03\u003C\u002Ftd>\u003Ctd>LoftyStyle\u003C\u002Ftd>\u003Ctd>85,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-30\u002FA\u003C\u002Ftd>\u003Ctd>Oficina Reserva\u003C\u002Ftd>\u003Ctd>85,36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-76\u003C\u002Ftd>\u003Ctd>Maria Filó\u003C\u002Ftd>\u003Ctd>83,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-32\u002F33\u003C\u002Ftd>\u003Ctd>Schutz\u003C\u002Ftd>\u003Ctd>81,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-69\u002F70\u003C\u002Ftd>\u003Ctd>Luiza Barcelos\u003C\u002Ftd>\u003Ctd>80,55\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-42\u002F43\u003C\u002Ftd>\u003Ctd>Lacoste\u003C\u002Ftd>\u003Ctd>80,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-16\u003C\u002Ftd>\u003Ctd>Vix\u003C\u002Ftd>\u003Ctd>79,57\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-51\u002F52\u002F53\u003C\u002Ftd>\u003Ctd>Forum\u003C\u002Ftd>\u003Ctd>77,89\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-27\u003C\u002Ftd>\u003Ctd>Kipling\u003C\u002Ftd>\u003Ctd>76,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-57\u002F57A\u003C\u002Ftd>\u003Ctd>Columbia\u003C\u002Ftd>\u003Ctd>74,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-44\u002F45\u003C\u002Ftd>\u003Ctd>Monte Carlo\u003C\u002Ftd>\u003Ctd>72,64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-46\u002F47\u003C\u002Ftd>\u003Ctd>Roscoe\u003C\u002Ftd>\u003Ctd>69,35\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-48\u002F49\u003C\u002Ftd>\u003Ctd>Vivara Life\u003C\u002Ftd>\u003Ctd>68,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-39\u003C\u002Ftd>\u003Ctd>Klus\u003C\u002Ftd>\u003Ctd>68,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-38\u003C\u002Ftd>\u003Ctd>O Boticário\u003C\u002Ftd>\u003Ctd>66,53\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-18\u003C\u002Ftd>\u003Ctd>Paola Da Vinci\u003C\u002Ftd>\u003Ctd>66,27\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>OM-17\u003C\u002Ftd>\u003Ctd>Jef\u003C\u002Ftd>\u003Ctd>66,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-28\u002F29\u003C\u002Ftd>\u003Ctd>Bagaggio\u003C\u002Ftd>\u003Ctd>65,01\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-37\u002F38\u003C\u002Ftd>\u003Ctd>Óticas Carol\u003C\u002Ftd>\u003Ctd>62,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-67\u002F68\u003C\u002Ftd>\u003Ctd>Spiga\u003C\u002Ftd>\u003Ctd>61,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-31\u003C\u002Ftd>\u003Ctd>ArmyBr\u003C\u002Ftd>\u003Ctd>61,60\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-73\u003C\u002Ftd>\u003Ctd>Brooksfield Jr.\u003C\u002Ftd>\u003Ctd>61,13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-61\u002F62A\u003C\u002Ftd>\u003Ctd>Dengo\u003C\u002Ftd>\u003Ctd>59,56\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-77\u003C\u002Ftd>\u003Ctd>Intimissimi\u003C\u002Ftd>\u003Ctd>59,11\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-72\u003C\u002Ftd>\u003Ctd>Manoel Bernardes\u003C\u002Ftd>\u003Ctd>58,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-52\u002F53\u003C\u002Ftd>\u003Ctd>Optical Express\u003C\u002Ftd>\u003Ctd>57,55\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-23\u003C\u002Ftd>\u003Ctd>Usaflex\u003C\u002Ftd>\u003Ctd>56,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-43\u003C\u002Ftd>\u003Ctd>Swarovski\u003C\u002Ftd>\u003Ctd>56,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-28\u003C\u002Ftd>\u003Ctd>Bacio Di Latte\u003C\u002Ftd>\u003Ctd>55,60\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-05\u003C\u002Ftd>\u003Ctd>Decolar\u003C\u002Ftd>\u003Ctd>55,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-08\u003C\u002Ftd>\u003Ctd>Havaianas\u003C\u002Ftd>\u003Ctd>54,86\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-87\u003C\u002Ftd>\u003Ctd>L'Occitane En Provence\u003C\u002Ftd>\u003Ctd>52,69\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-07\u003C\u002Ftd>\u003Ctd>Rivers\u003C\u002Ftd>\u003Ctd>52,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-06\u003C\u002Ftd>\u003Ctd>Cute Case Store\u003C\u002Ftd>\u003Ctd>51,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-81\u003C\u002Ftd>\u003Ctd>The North Face\u003C\u002Ftd>\u003Ctd>51,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-80\u003C\u002Ftd>\u003Ctd>Cia Marítima\u003C\u002Ftd>\u003Ctd>51,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-79\u003C\u002Ftd>\u003Ctd>Pandora\u003C\u002Ftd>\u003Ctd>51,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-36\u003C\u002Ftd>\u003Ctd>Samsonite\u003C\u002Ftd>\u003Ctd>51,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-35\u003C\u002Ftd>\u003Ctd>Calzedonia\u003C\u002Ftd>\u003Ctd>51,25\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-09\u003C\u002Ftd>\u003Ctd>Democrata\u003C\u002Ftd>\u003Ctd>51,14\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-04\u003C\u002Ftd>\u003Ctd>Luz Da Lua\u003C\u002Ftd>\u003Ctd>51,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-08\u003C\u002Ftd>\u003Ctd>Granado Pharmácias\u003C\u002Ftd>\u003Ctd>51,07\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-41\u003C\u002Ftd>\u003Ctd>Assacabrasa\u003C\u002Ftd>\u003Ctd>50,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-41\u002FA\u003C\u002Ftd>\u003Ctd>KFC\u003C\u002Ftd>\u003Ctd>50,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-01\u003C\u002Ftd>\u003Ctd>Dudalina\u003C\u002Ftd>\u003Ctd>50,43\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-34\u003C\u002Ftd>\u003Ctd>Lindt\u003C\u002Ftd>\u003Ctd>48,98\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-12\u003C\u002Ftd>\u003Ctd>Lupo\u003C\u002Ftd>\u003Ctd>48,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-84\u003C\u002Ftd>\u003Ctd>Victor Hugo\u003C\u002Ftd>\u003Ctd>47,81\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-44\u002FB\u003C\u002Ftd>\u003Ctd>Samsung\u003C\u002Ftd>\u003Ctd>47,80\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-39\u003C\u002Ftd>\u003Ctd>Empório Vila Árabe\u003C\u002Ftd>\u003Ctd>47,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-88\u003C\u002Ftd>\u003Ctd>Galeria Tricot\u003C\u002Ftd>\u003Ctd>47,73\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-45\u003C\u002Ftd>\u003Ctd>Sunika\u003C\u002Ftd>\u003Ctd>47,28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-71\u003C\u002Ftd>\u003Ctd>Grand Cru\u003C\u002Ftd>\u003Ctd>46,77\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-58\u003C\u002Ftd>\u003Ctd>Danki\u003C\u002Ftd>\u003Ctd>46,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-59\u003C\u002Ftd>\u003Ctd>Adcos\u003C\u002Ftd>\u003Ctd>46,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-60\u003C\u002Ftd>\u003Ctd>Grandvision ByFotótica\u003C\u002Ftd>\u003Ctd>46,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-75\u003C\u002Ftd>\u003Ctd>Divino Fogão\u003C\u002Ftd>\u003Ctd>45,86\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-60\u003C\u002Ftd>\u003Ctd>Centro Visão\u003C\u002Ftd>\u003Ctd>45,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-46\u003C\u002Ftd>\u003Ctd>Ludique Et Badin\u003C\u002Ftd>\u003Ctd>45,20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-47\u003C\u002Ftd>\u003Ctd>Brasil Em Gotas\u003C\u002Ftd>\u003Ctd>45,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-48\u003C\u002Ftd>\u003Ctd>Hope\u003C\u002Ftd>\u003Ctd>45,10\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-28\u003C\u002Ftd>\u003Ctd>Wamp\u003C\u002Ftd>\u003Ctd>44,30\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>OM-65\u003C\u002Ftd>\u003Ctd>Sunglass Hut\u003C\u002Ftd>\u003Ctd>42,83\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-62\u003C\u002Ftd>\u003Ctd>BodyFor Sure\u003C\u002Ftd>\u003Ctd>42,42\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-57\u003C\u002Ftd>\u003Ctd>Vx Case\u003C\u002Ftd>\u003Ctd>42,28\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-35A\u002F36\u003C\u002Ftd>\u003Ctd>Uv.Line\u003C\u002Ftd>\u003Ctd>41,20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-42\u003C\u002Ftd>\u003Ctd>Les Nereides\u003C\u002Ftd>\u003Ctd>41,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-30\u003C\u002Ftd>\u003Ctd>Kopenhagen\u003C\u002Ftd>\u003Ctd>39,85\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-39\u003C\u002Ftd>\u003Ctd>Água Fresca\u003C\u002Ftd>\u003Ctd>37,36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-50\u003C\u002Ftd>\u003Ctd>Deco Skin\u003C\u002Ftd>\u003Ctd>36,75\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-64\u003C\u002Ftd>\u003Ctd>Belvitur\u003C\u002Ftd>\u003Ctd>36,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-56\u003C\u002Ftd>\u003Ctd>Anacapri\u003C\u002Ftd>\u003Ctd>36,49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-65\u003C\u002Ftd>\u003Ctd>Travelex\u003C\u002Ftd>\u003Ctd>36,18\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-78\u003C\u002Ftd>\u003Ctd>Milon\u003C\u002Ftd>\u003Ctd>35,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-06\u002F07\u003C\u002Ftd>\u003Ctd>Gobox\u003C\u002Ftd>\u003Ctd>35,52\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-55\u003C\u002Ftd>\u003Ctd>Valisére\u003C\u002Ftd>\u003Ctd>35,21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-23A\u003C\u002Ftd>\u003Ctd>Mr. Cheney\u003C\u002Ftd>\u003Ctd>35,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-54\u003C\u002Ftd>\u003Ctd>Live!\u003C\u002Ftd>\u003Ctd>35,02\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-35\u003C\u002Ftd>\u003Ctd>Shorts & Co\u003C\u002Ftd>\u003Ctd>35,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-78\u003C\u002Ftd>\u003Ctd>Pequim 2000\u003C\u002Ftd>\u003Ctd>34,54\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-34\u003C\u002Ftd>\u003Ctd>Puket\u003C\u002Ftd>\u003Ctd>34,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-51\u003C\u002Ftd>\u003Ctd>Arranjos Express\u003C\u002Ftd>\u003Ctd>33,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-58\u003C\u002Ftd>\u003Ctd>Picchioni Câmbio\u003C\u002Ftd>\u003Ctd>33,67\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-59\u003C\u002Ftd>\u003Ctd>Cvc\u003C\u002Ftd>\u003Ctd>33,67\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-71\u003C\u002Ftd>\u003Ctd>Spoleto\u003C\u002Ftd>\u003Ctd>33,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-66\u003C\u002Ftd>\u003Ctd>Encontro\u003C\u002Ftd>\u003Ctd>33,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-24\u002FA\u003C\u002Ftd>\u003Ctd>Sergio'S\u003C\u002Ftd>\u003Ctd>32,51\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-76\u003C\u002Ftd>\u003Ctd>Montana Grill\u003C\u002Ftd>\u003Ctd>32,27\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-29\u002FA\u003C\u002Ftd>\u003Ctd>Ah! Bon\u003C\u002Ftd>\u003Ctd>31,96\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-70\u003C\u002Ftd>\u003Ctd>Panelinhas Do Brasil\u003C\u002Ftd>\u003Ctd>31,90\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-37\u003C\u002Ftd>\u003Ctd>Caleidoscópio\u003C\u002Ftd>\u003Ctd>31,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-40\u003C\u002Ftd>\u003Ctd>Espaço Laser\u003C\u002Ftd>\u003Ctd>31,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-01\u002F02\u003C\u002Ftd>\u003Ctd>Lotérica\u003C\u002Ftd>\u003Ctd>30,64\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-02\u003C\u002Ftd>\u003Ctd>Mi Garba!\u003C\u002Ftd>\u003Ctd>30,48\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-77\u003C\u002Ftd>\u003Ctd>Cacio & Pepe\u003C\u002Ftd>\u003Ctd>30,30\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-03\u002F04\u003C\u002Ftd>\u003Ctd>Lettera\u003C\u002Ftd>\u003Ctd>30,06\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-69\u003C\u002Ftd>\u003Ctd>Pizza Pazza\u003C\u002Ftd>\u003Ctd>30,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-73\u003C\u002Ftd>\u003Ctd>Boali\u003C\u002Ftd>\u003Ctd>29,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-74\u003C\u002Ftd>\u003Ctd>Pizzaria Sion\u003C\u002Ftd>\u003Ctd>29,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-72\u003C\u002Ftd>\u003Ctd>Mania De Grelhados\u003C\u002Ftd>\u003Ctd>29,37\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-46\u003C\u002Ftd>\u003Ctd>Isla\u003C\u002Ftd>\u003Ctd>27,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>GD-41\u003C\u002Ftd>\u003Ctd>Festivitá\u003C\u002Ftd>\u003Ctd>26,48\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-35\u003C\u002Ftd>\u003Ctd>MilkyMoo\u003C\u002Ftd>\u003Ctd>26,26\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-24\u003C\u002Ftd>\u003Ctd>Fom\u003C\u002Ftd>\u003Ctd>22,22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>BG-37\u003C\u002Ftd>\u003Ctd>Lúmini\u003C\u002Ftd>\u003Ctd>20,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-08\u003C\u002Ftd>\u003Ctd>Foto Já\u003C\u002Ftd>\u003Ctd>18,36\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>S-05\u003C\u002Ftd>\u003Ctd>Magic Cap\u003C\u002Ftd>\u003Ctd>17,63\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>OM-27\u003C\u002Ftd>\u003Ctd>L'Occitane Au Brésil\u003C\u002Ftd>\u003Ctd>17,43\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>LUC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Loja\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>OM-26\u003C\u002Ftd>\u003Ctd>Mc Donald's\u003C\u002Ftd>\u003Ctd>14,88\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>220,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Expansão - Piso L4\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>4.994,07\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-01\u003C\u002Ftd>\u003Ctd>Dolce&Gabbana\u003C\u002Ftd>\u003Ctd>376,85\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-36\u002F37\u003C\u002Ftd>\u003Ctd>Su\u003C\u002Ftd>\u003Ctd>376,84\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-02\u003C\u002Ftd>\u003Ctd>Giorgio Armani\u003C\u002Ftd>\u003Ctd>311,49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-35\u003C\u002Ftd>\u003Ctd>Zucco Cucina\u003C\u002Ftd>\u003Ctd>307,93\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-09\u003C\u002Ftd>\u003Ctd>Nati Vozza\u003C\u002Ftd>\u003Ctd>275,08\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-19\u002F20\u002F21A\u003C\u002Ftd>\u003Ctd>Alo Yoga\u003C\u002Ftd>\u003Ctd>234,06\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-15A\u003C\u002Ftd>\u003Ctd>Chart\u003C\u002Ftd>\u003Ctd>207,21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-23\u002F24\u003C\u002Ftd>\u003Ctd>Carolina Herrera\u003C\u002Ftd>\u003Ctd>204,82\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-38\u003C\u002Ftd>\u003Ctd>Lagar Tragaluz\u003C\u002Ftd>\u003Ctd>193,70\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-13\u002F14\u003C\u002Ftd>\u003Ctd>Cris Barros\u003C\u002Ftd>\u003Ctd>191,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-12\u003C\u002Ftd>\u003Ctd>Agilitá\u003C\u002Ftd>\u003Ctd>152,41\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-10\u002F11\u003C\u002Ftd>\u003Ctd>Pat Bo\u003C\u002Ftd>\u003Ctd>147,40\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-17\u002F18\u003C\u002Ftd>\u003Ctd>Iorane\u003C\u002Ftd>\u003Ctd>125,50\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-21\u002F22\u003C\u002Ftd>\u003Ctd>ToryBurch\u003C\u002Ftd>\u003Ctd>112,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-15\u003C\u002Ftd>\u003Ctd>One Up\u003C\u002Ftd>\u003Ctd>96,89\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-27\u002F28\u003C\u002Ftd>\u003Ctd>Chanel F&B\u003C\u002Ftd>\u003Ctd>77,14\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-25\u002F26\u003C\u002Ftd>\u003Ctd>Tânia Bulhões Perfumes\u003C\u002Ftd>\u003Ctd>74,19\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-31\u003C\u002Ftd>\u003Ctd>Anselmi\u003C\u002Ftd>\u003Ctd>68,53\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-33\u003C\u002Ftd>\u003Ctd>Fillity\u003C\u002Ftd>\u003Ctd>66,49\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-30\u003C\u002Ftd>\u003Ctd>Plural\u003C\u002Ftd>\u003Ctd>60,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-32\u003C\u002Ftd>\u003Ctd>Paula Torres\u003C\u002Ftd>\u003Ctd>48,76\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-29\u003C\u002Ftd>\u003Ctd>Occhialeria\u003C\u002Ftd>\u003Ctd>33,32\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>RS-34\u003C\u002Ftd>\u003Ctd>Claudia Arbex\u003C\u002Ftd>\u003Ctd>32,98\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga - Expansão\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>1.218,96\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>24.048,68\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Para efeito de análise consideramos as operações de quiosques na linha Mall e Merchandising, que não somam na ABL.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Classificação\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Nº de Lojas\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Âncora\u003C\u002Ftd>\u003Ctd>4.578,16\u003C\u002Ftd>\u003Ctd>3\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mega Loja\u003C\u002Ftd>\u003Ctd>671,15\u003C\u002Ftd>\u003Ctd>1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Satélite\u003C\u002Ftd>\u003Ctd>17.360,01\u003C\u002Ftd>\u003Ctd>160\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga\u003C\u002Ftd>\u003Ctd>1.439,36\u003C\u002Ftd>\u003Ctd>8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Expansão\u003C\u002Ftd>\u003Ctd>3.775,11\u003C\u002Ftd>\u003Ctd>23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Total\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>24.048,68\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>195\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.2. ALUGUEL MÍNIMO E PERCENTUAL \u002F COMPLEMENTAR\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Para projeção de nossos fluxos de caixa analisamos âncoras e megalojas de maneira isolada, enquanto agrupamos as lojas satélite conforme seu segmento de atuação. Consideramos os aluguéis mínimos e complementares conforme rent-roll e histórico de faturamento. Para as novas lojas da expansão, foram considerados valores de contrato e, para contratos percentuais, consideramos o histórico de faturamento de lojas semelhantes, com um deságio por ser um piso novo.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Atividade\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ABL\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(m²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Aluguel\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Mínimo\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(R$\u002Fm²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Aluguel\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Complementar\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(R$\u002Fm²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cbr>\u003Cstrong>AMM +\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Complementar\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>(R$\u002Fm²)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cbr>\u003Cstrong>Aluguéis por\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>ano\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Cinemark\u003C\u002Ftd>\u003Ctd>2.169,92\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>37,7\u003C\u002Ftd>\u003Ctd>37,7\u003C\u002Ftd>\u003Ctd>12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Empório Verdemar\u003C\u002Ftd>\u003Ctd>1.225,44\u003C\u002Ftd>\u003Ctd>209,6\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>209,6\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Renner\u003C\u002Ftd>\u003Ctd>1.182,80\u003C\u002Ftd>\u003Ctd>242,9\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>242,9\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fast Shop\u003C\u002Ftd>\u003Ctd>671,15\u003C\u002Ftd>\u003Ctd>142,3\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>142,3\u003C\u002Ftd>\u003Ctd>12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vestuário\u003C\u002Ftd>\u003Ctd>5.461,39\u003C\u002Ftd>\u003Ctd>376,7\u003C\u002Ftd>\u003Ctd>9,7\u003C\u002Ftd>\u003Ctd>386,4\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Alimentação\u003C\u002Ftd>\u003Ctd>3.135,75\u003C\u002Ftd>\u003Ctd>224,7\u003C\u002Ftd>\u003Ctd>19,5\u003C\u002Ftd>\u003Ctd>244,2\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Artigos Do Lar\u003C\u002Ftd>\u003Ctd>1.146,38\u003C\u002Ftd>\u003Ctd>148,5\u003C\u002Ftd>\u003Ctd>25,9\u003C\u002Ftd>\u003Ctd>174,4\u003C\u002Ftd>\u003Ctd>12,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Artigos Diversos\u003C\u002Ftd>\u003Ctd>968,76\u003C\u002Ftd>\u003Ctd>304,7\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>304,7\u003C\u002Ftd>\u003Ctd>12,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Joias, Relógios e Bijuterias\u003C\u002Ftd>\u003Ctd>629,74\u003C\u002Ftd>\u003Ctd>565,3\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>565,3\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Perfumaria E Cosmético\u003C\u002Ftd>\u003Ctd>430,54\u003C\u002Ftd>\u003Ctd>366,0\u003C\u002Ftd>\u003Ctd>36,1\u003C\u002Ftd>\u003Ctd>402,1\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Conveniência e Serviços\u003C\u002Ftd>\u003Ctd>996,87\u003C\u002Ftd>\u003Ctd>446,7\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>446,7\u003C\u002Ftd>\u003Ctd>12,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Telefonia E Acessórios\u003C\u002Ftd>\u003Ctd>305,93\u003C\u002Ftd>\u003Ctd>681,6\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>681,6\u003C\u002Ftd>\u003Ctd>12,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ótica\u003C\u002Ftd>\u003Ctd>210,92\u003C\u002Ftd>\u003Ctd>712,5\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>712,5\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lazer\u003C\u002Ftd>\u003Ctd>298,62\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>0,0\u003C\u002Ftd>\u003Ctd>12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Expansão - Piso L4\u003C\u002Ftd>\u003Ctd>4.994,07\u003C\u002Ftd>\u003Ctd>227,3\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>227,27\u003C\u002Ftd>\u003Ctd>12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga (sem expansão)\u003C\u002Ftd>\u003Ctd>220,40\u003C\u002Ftd>\u003Ctd>342,1\u003C\u002Ftd>\u003Ctd>12,0\u003C\u002Ftd>\u003Ctd>354,09\u003C\u002Ftd>\u003Ctd>12,87\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>ABL Total\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>24.048,68\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.3. CESSÃO DE DIREITO DE USO (CDU) E TAXA DE TRANSFERÊNCIA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>As receitas de Cessão de Direito de Uso (CDU) e Taxa de Transferência foram agrupadas na linha de receitas de comercialização e foram estimadas em R$300,00 por m² absorvido, conforme dados históricos do empreendimento.\u003C\u002Fp>\u003Ch4>\u003Cstrong>8.4. MALL E MERCHANDISING\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>As receitas provenientes dos painéis, totens de propaganda\u002Fpublicidade e quiosques foram estimadas em 6,50% da receita de locação, conforme dados históricos do empreendimento.\u003C\u002Fp>\u003Ch4>\u003Cstrong>8.5. MULTAS CONTRATUAIS \u002F RECUPERAÇÕES\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>As receitas decorrentes de multas contratuais e recuperações foram consideradas 0,30% das receitas de aluguéis de lojas, conforme histórico do empreendimento.\u003C\u002Fp>\u003Ch4>\u003Cstrong>8.6. CRESCIMENTOS PREVISTOS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Para projetar os crescimentos reais de valores de aluguel, consideramos a valorização esperada para novos contratos decorrentes do turnover esperado, novas absorções e de revisionais de aluguel conforme valor de mercado. Para a expansão, projetamos os crescimentos considerando o tempo de maturação do novo piso.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>All Míi\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 1\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 2\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 3\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 4\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 5\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 6\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 7\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 8\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 9\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 10\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>ugue nmo\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2025\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2027\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2028\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2029\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2030\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2031\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2032\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2033\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2034\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cinemark\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Empório Verdemar\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Renner\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fast Shop\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vestuário\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>5%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Alimentação\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>5%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Artigos Do Lar\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Artigos Diversos\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Joias, Relógios e Bijuterias\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>10%\u003C\u002Ftd>\u003Ctd>5%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Perfumaria E Cosmético\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Conveniência e Serviços\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Telefonia E Acessórios\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ótica\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lazer\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Expansão - Piso L4\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>30%\u003C\u002Ftd>\u003Ctd>15%\u003C\u002Ftd>\u003Ctd>15%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga (sem expansão)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>ll l\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 1\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 2\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 3\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 4\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 5\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 6\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 7\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 8\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 9\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 10\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Augue Compementar\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2025\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2027\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2028\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2029\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2030\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2031\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2032\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2033\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2034\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Cinemark\u003C\u002Ftd>\u003Ctd>5%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Empório Verdemar\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Renner\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fast Shop\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vestuário\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Alimentação\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Artigos Do Lar\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Artigos Diversos\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Joias, Relógios e Bijuterias\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Perfumaria E Cosmético\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Conveniência e Serviços\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Telefonia E Acessórios\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ótica\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lazer\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Expansão - Piso L4\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Loja Vaga (sem expansão)\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.7. RECEITA DE ESTACIONAMENTO LÍQUIDA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 1\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 2\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 3\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 4\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 5\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 6\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 7\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 8\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 9\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 10\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Item\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Premissa\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2025\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2027\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2028\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2029\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2030\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2031\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2032\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2033\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2034\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Estacionamento\u003C\u002Ftd>\u003Ctd>% Receitas\u003Cbr>de Aluguéis\u003C\u002Ftd>\u003Ctd>12%\u003C\u002Ftd>\u003Ctd>12%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003Ctd>11%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.8. VACÂNCIA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>A vacância no empreendimento é projetada conforme tabela a seguir.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>VAC\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>ÂNCIA\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>I\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Al\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 1\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 2\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 3\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 4\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 5\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 6\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 7\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 8\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 9\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Ano 10\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>tem\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>tua\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2025\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2027\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2028\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2029\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2030\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2031\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2032\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2033\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2034\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Vaga Expansão\u003C\u002Ftd>\u003Ctd>4.994\u003C\u002Ftd>\u003Ctd>1.117\u003C\u002Ftd>\u003Ctd>760\u003C\u002Ftd>\u003Ctd>389\u003C\u002Ftd>\u003Ctd>229\u003C\u002Ftd>\u003Ctd>229\u003C\u002Ftd>\u003Ctd>229\u003C\u002Ftd>\u003Ctd>229\u003C\u002Ftd>\u003Ctd>229\u003C\u002Ftd>\u003Ctd>229\u003C\u002Ftd>\u003Ctd>229\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vacância Expansão\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>24,4%\u003C\u002Ftd>\u003Ctd>16,6%\u003C\u002Ftd>\u003Ctd>8,5%\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003Ctd>5,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ABL Vaga Satélite\u003C\u002Ftd>\u003Ctd>220,40\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003Ctd>138\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vacância Satélite\u003C\u002Ftd>\u003Ctd>1,60%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003Ctd>1,0%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>ABL Vaga Total\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>5.214\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1.255\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>898\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>527\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>367\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>367\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>367\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>367\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>367\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>367\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>367\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vacância Total\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>21,68%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>5,2%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>3,7%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2,2%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,5%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,5%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,5%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,5%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,5%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,5%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1,5%\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Para a expansão, consideramos a absorção real no 1° ano de fluxo, conforme contratos enviados.\u003C\u002Fp>\u003Ch4>\u003Cstrong>8.9. INADIMPLÊNCIA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>A inadimplência no empreendimento é projetada sobre a receita bruta, conforme tabela a seguir.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 1\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 2\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 3\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 4\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 5\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 6\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 7\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 8\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 9\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 10\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Item\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2025\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2027\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2028\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2029\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2030\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2031\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2032\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2033\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2034\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimplência\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003Ctd>1,5%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.10. DESPESAS GERAIS\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Despesa\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Premissa\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Adotado\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Taxa de Administração\u003C\u002Ftd>\u003Ctd>% Sobre a Receita Bruta\u003C\u002Ftd>\u003Ctd>6,60%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Encargos Lojas Vagas\u003C\u002Ftd>\u003Ctd>Fixo sobre ABL Vaga\u003C\u002Ftd>\u003Ctd>200,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Comercial\u003C\u002Ftd>\u003Ctd>R$\u002Fm² absorvido\u003C\u002Ftd>\u003Ctd>750,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Administrativas e Outros\u003C\u002Ftd>\u003Ctd>% Sobre a Receita Bruta\u003C\u002Ftd>\u003Ctd>1,00%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Comissões\u003C\u002Ftd>\u003Ctd>% Sobre a Receita Bruta\u003C\u002Ftd>\u003Ctd>2,25%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.11. TURNOVER\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Projetamos o turnover fixo de 3,00% da ABL de satélites do shopping (sem a expansão), conforme tabela abaixo.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 1\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 2\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 3\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 4\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 5\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 6\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 7\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 8\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 9\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 10\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Item\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2025\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2027\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2028\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2029\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2030\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2031\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2032\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2033\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>2034\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Turnover (m²)\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003Ctd>414,16\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.12. INVESTIMENTOS \u002F FRA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Consideramos em nossas análises um FRA (Fator de Reposição de Ativos) de 3,0% ao ano. Em termos gerais, a aplicação do fundo para reposição de ativos, implica teoricamente, em garantir uma operação constante do empreendimento sem que este tenha perda de prestígio \u002F atualização, ou seja, um custo teórico da permanência de atualidade do empreendimento face à conjuntura futura.\u003C\u002Fp>\u003Ch4>\u003Cstrong>8.13. ARRENDAMENTO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O imóvel está arrendado para o consórcio MTS\u002FIBR até 06 de novembro de 2030, por um valor correspondente a:\u003C\u002Fp>\u003Col>\u003Cli>\u003Cp>O Maior entre:\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Aluguel Mínimo: R$ 115.203,52 (valor de 20 de janeiro 2020 – correspondente à parcela de 49,9% pertencente ao Clube Atlético Mineiro. Ajustado para 24,95%, o valor correspondente é de R$ 57.601,76);\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>Aluguel Percentual: 15% dos aluguéis de lojas “stands” ou áreas do centro de compras;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>10% da receita bruta decorrente da exploração do Shopping a título de “cessão de direitos de uso”;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>15% dos aluguéis recebidos em decorrência da sublocação do estacionamento.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Fol>\u003Ch4>\u003Cstrong>8.14. CÁLCULO DO VALOR DO IMÓVEL\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Em shopping centers maturados e consolidados são normais que suas avaliações se deem por 3 formas de cálculo: Fluxo de Caixa da Projeção das Receitas, Despesas e Investimento, Fluxo de Caixa da Projeção da Receita Líquida Distribuída, Base “Yield”. Para o caso em questão, aplicamos o 1º. Método – Projeção das Receitas, Despesas e Investimentos futuros.\u003C\u002Fp>\u003Cp>Nossas análises consideraram períodos de 10 anos, com o cálculo da perpetuidade no final do 10º ano. Não consideramos índices inflacionários e, portanto, todas nossas análises podem ser consideradas\u003C\u002Fp>\u003Cp>em “Reais da Base”.\u003C\u002Fp>\u003Ch4>\u003Cstrong>8.15. FLUXO DE CAIXA DA PROJEÇÃO DAS RECEITAS, DESPESAS E INVESTIMENTOS – OPERAÇÃO SHOPPING DIAMONDMALL\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Após todas nossas análises e considerações de premissas, calculamos o Valor Presente Líquido (VPL) com base nas taxas de desconto entre 6,50% e 9,50% ao ano, consideramos para o valor do empreendimento taxa de desconto de \u003Cstrong>8,00%\u003C\u002Fstrong>. A perpetuidade foi calculada a uma taxa de capitalização de \u003Cstrong>7,75%\u003C\u002Fstrong> no 10º ano.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Taxa de Desconto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Total(R$ x 1.000)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>VPL\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>p\u002Fm² ABL\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>6,50%\u003C\u002Ftd>\u003Ctd>1.316.302\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>54.735\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,00%\u003C\u002Ftd>\u003Ctd>1.268.943\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>52.766\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,50%\u003C\u002Ftd>\u003Ctd>1.223.742\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>50.886\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>8,00%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 1.180.588,56\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>49.092\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>1.139.376\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>47.378\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>1.100.006\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>45.741\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>1.062.383\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>44.176\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>De acordo com os cenários e as planilhas apresentadas nos Apêndices, concluímos que o valor do Shopping é de R$ 1.180.588.564,78.\u003C\u002Fp>\u003Cp>Em números redondos é de:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>VALOR VENDA\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>TOTAL\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>100%\u003C\u002Fth>\u003Cth>(Renda - Fluxo\u003Cbr>de Caixa)\u003Cbr>\u003Cstrong>R$ 1.180.590.000\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Um Bilhão,\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Quinhentos E\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Cento E Oitenta Milhões,\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Noventa Mil Reais\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>8.16. FLUXO DE CAIXA DA PROJEÇÃO DAS RECEITAS, DESPESAS E INVESTIMENTOS – PARTICIPAÇÃO FII PEDRA NEGRA (24,95%)\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Para elaborar o fluxo de caixa da participação do FII Pedra Negra, consideramos a parcela de participação de 24,95% no valor de arrendamento pago pelo consórcio MTS\u002FIBR até 06 de novembro de 2030 e, após o término do contrato, 24,95% da operação integral do empreendimento.\u003C\u002Fp>\u003Cp>Calculamos o Valor Presente Líquido (VPL) com base nas taxas de desconto entre 6,50% e 9,50% ao ano, consideramos para o valor do empreendimento taxa de desconto de \u003Cstrong>8,00%\u003C\u002Fstrong>. A perpetuidade foi calculada a uma taxa de capitalização de \u003Cstrong>7,75%\u003C\u002Fstrong> no 10º ano.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Taxa de Desconto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Total(R$ x 1.000)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>VPL\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>p\u002Fm² ABL\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>6,50%\u003C\u002Ftd>\u003Ctd>253.337\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>42.222\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,00%\u003C\u002Ftd>\u003Ctd>242.753\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>40.458\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,50%\u003C\u002Ftd>\u003Ctd>232.677\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>38.779\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>8,00%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 223.082,52\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>37.180\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>213.943\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>35.656\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>205.236\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>34.205\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>196.938\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>32.822\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>De acordo com os cenários e as planilhas apresentadas nos Anexos, concluímos que o valor do Shopping é de R$ 223.082.518,10.\u003C\u002Fp>\u003Cp>Em números redondos é de:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>PARTICIPAÇÃO FII\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>PEDRA NEGRA\u003C\u002Fstrong>\u003Cbr>24,95%\u003C\u002Fth>\u003Cth>(Renda - Fluxo\u003Cbr>de Caixa)\u003C\u002Fth>\u003Cth>\u003Cstrong>R$ 223.083.000\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Duzentos E Vinte E Três Milhões, Oitenta E\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Três Mil Reais\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>\u003Cstrong>9. CONCLUSÃO DA AVALIAÇÃO\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>De acordo com nossas análises e premissas aqui apresentadas, concluímos os seguintes valores do imóvel em referência:\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>VALOR VENDA\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>TOTAL\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>100%\u003C\u002Fth>\u003Cth>(Renda - Fluxo\u003Cbr>de Caixa)\u003C\u002Fth>\u003Cth>\u003Cstrong>R$ 1.180.590.000\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Um Bilhão,\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Quinhentos E\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Cento E Oitenta Milhões,\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Noventa Mil Reais\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>PARTICIPAÇÃO FII\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>PEDRA NEGRA\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>24,95%\u003C\u002Ftd>\u003Ctd>(Renda - Fluxo\u003Cbr>de Caixa)\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 223.083.000\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Duzentos E Vi\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Três Mil Reais\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>nte E Três Milhões, Oitenta E\u003C\u002Fstrong>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Binswanger Brazil\u003C\u002Fp>\u003Cp>CREA: 494866\u003C\u002Fp>\u003Cp>ISABELA DORA COSTA Assinado de forma digital por ISABELA DORA COSTA MONASTERSKY:1440044589 MONASTERSKY:14400445895 5 Dados: 2025.01.20 15:05:01 -03'00'\u003C\u002Fp>\u003Cp>Isabela Dora Costa Monastersky - MRICS \u003Cem>Diretora de Consultoria e Avaliações CREA: 506.007.193-1\u003C\u002Fem>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0068-07.png\">\u003C\u002Fp>\u003Ch3>\u003Cstrong>APÊNDICE A – AVALIAÇÃO – SHOPPING CENTER\u003C\u002Fstrong>\u003C\u002Fh3>\u003Ch4>\u003Cstrong>ANÁLISE DA QUALIDADE ECONÔMICA\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>A Análise da Qualidade Econômica baseou-se na intenção de verificar a qualidade econômica do empreendimento imobiliário, considerando o histórico de desempenho face as atuais circunstâncias da economia local.\u003C\u002Fp>\u003Ch4>\u003Cstrong>FLUXO DE CAIXA DESCONTADO\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>O resultado de todas as nossas análises se deu através do fluxo de caixa a seguir.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Operação Shopping DiamondMall (100%)\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Taxa de Desconto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Total(R$ x 1.000)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>VPL\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>p\u002Fm² ABL\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>6,50%\u003C\u002Ftd>\u003Ctd>1.316.302\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>54.735\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,00%\u003C\u002Ftd>\u003Ctd>1.268.943\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>52.766\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,50%\u003C\u002Ftd>\u003Ctd>1.223.742\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>50.886\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>8,00%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 1.180.588,56\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>49.092\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>1.139.376\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>47.378\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>1.100.006\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>45.741\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>1.062.383\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>44.176\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch4>\u003Cstrong>Participação FII Pedra Negra (24,95%)\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Taxa de Desconto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Total(R$ x 1.000)\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>VPL\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>p\u002Fm² ABL\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>6,50%\u003C\u002Ftd>\u003Ctd>253.337\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>42.222\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,00%\u003C\u002Ftd>\u003Ctd>242.753\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>40.458\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>7,50%\u003C\u002Ftd>\u003Ctd>232.677\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>38.779\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>8,00%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 223.082,52\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>37.180\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>8,50%\u003C\u002Ftd>\u003Ctd>213.943\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>35.656\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,00%\u003C\u002Ftd>\u003Ctd>205.236\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>34.205\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>9,50%\u003C\u002Ftd>\u003Ctd>196.938\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>32.822\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch6>\u003Cstrong>Shopping DiamondMall - Fluxo de caixa em milhares de reais\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 1\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 2\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 3\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 4\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 5\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 6\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 7\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 8\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 9\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Ano 10\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Com o ano se encerrando em:\u003C\u002Ftd>\u003Ctd>out-25\u003C\u002Ftd>\u003Ctd>out-26\u003C\u002Ftd>\u003Ctd>out-27\u003C\u002Ftd>\u003Ctd>out-28\u003C\u002Ftd>\u003Ctd>out-29\u003C\u002Ftd>\u003Ctd>out-30\u003C\u002Ftd>\u003Ctd>out-31\u003C\u002Ftd>\u003Ctd>out-32\u003C\u002Ftd>\u003Ctd>out-33\u003C\u002Ftd>\u003Ctd>out-34\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Receita Operacional Bruta\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>98.241\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>108.881\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>116.044\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>120.932\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>120.884\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>120.884\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>120.884\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>120.884\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>120.884\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>120.884\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita Total Aluguel\u003C\u002Ftd>\u003Ctd>82.016\u003C\u002Ftd>\u003Ctd>90.859\u003C\u002Ftd>\u003Ctd>97.716\u003C\u002Ftd>\u003Ctd>101.894\u003C\u002Ftd>\u003Ctd>101.894\u003C\u002Ftd>\u003Ctd>101.894\u003C\u002Ftd>\u003Ctd>101.894\u003C\u002Ftd>\u003Ctd>101.894\u003C\u002Ftd>\u003Ctd>101.894\u003C\u002Ftd>\u003Ctd>101.894\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Mínimo\u003C\u002Ftd>\u003Ctd>79.060\u003C\u002Ftd>\u003Ctd>87.904\u003C\u002Ftd>\u003Ctd>94.761\u003C\u002Ftd>\u003Ctd>98.938\u003C\u002Ftd>\u003Ctd>98.938\u003C\u002Ftd>\u003Ctd>98.938\u003C\u002Ftd>\u003Ctd>98.938\u003C\u002Ftd>\u003Ctd>98.938\u003C\u002Ftd>\u003Ctd>98.938\u003C\u002Ftd>\u003Ctd>98.938\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Aluguel Complementar\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003Ctd>2.956\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mall & Merchandising\u003C\u002Ftd>\u003Ctd>5.331\u003C\u002Ftd>\u003Ctd>5.906\u003C\u002Ftd>\u003Ctd>6.352\u003C\u002Ftd>\u003Ctd>6.623\u003C\u002Ftd>\u003Ctd>6.623\u003C\u002Ftd>\u003Ctd>6.623\u003C\u002Ftd>\u003Ctd>6.623\u003C\u002Ftd>\u003Ctd>6.623\u003C\u002Ftd>\u003Ctd>6.623\u003C\u002Ftd>\u003Ctd>6.623\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CDU - Cessão de Direito de Uso\u003C\u002Ftd>\u003Ctd>166\u003C\u002Ftd>\u003Ctd>231\u003C\u002Ftd>\u003Ctd>235\u003C\u002Ftd>\u003Ctd>172\u003C\u002Ftd>\u003Ctd>124\u003C\u002Ftd>\u003Ctd>124\u003C\u002Ftd>\u003Ctd>124\u003C\u002Ftd>\u003Ctd>124\u003C\u002Ftd>\u003Ctd>124\u003C\u002Ftd>\u003Ctd>124\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Multas Contratuais\u003C\u002Ftd>\u003Ctd>246\u003C\u002Ftd>\u003Ctd>273\u003C\u002Ftd>\u003Ctd>293\u003C\u002Ftd>\u003Ctd>306\u003C\u002Ftd>\u003Ctd>306\u003C\u002Ftd>\u003Ctd>306\u003C\u002Ftd>\u003Ctd>306\u003C\u002Ftd>\u003Ctd>306\u003C\u002Ftd>\u003Ctd>306\u003C\u002Ftd>\u003Ctd>306\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receita De Estacionamento\u003Cbr>Líquida\u003C\u002Ftd>\u003Ctd>10.482\u003C\u002Ftd>\u003Ctd>11.612\u003C\u002Ftd>\u003Ctd>11.447\u003C\u002Ftd>\u003Ctd>11.937\u003C\u002Ftd>\u003Ctd>11.937\u003C\u002Ftd>\u003Ctd>11.937\u003C\u002Ftd>\u003Ctd>11.937\u003C\u002Ftd>\u003Ctd>11.937\u003C\u002Ftd>\u003Ctd>11.937\u003C\u002Ftd>\u003Ctd>11.937\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Despesas Totais\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-30.107\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-31.777\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-32.493\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-33.278\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-33.267\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-33.267\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-17.876\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-15.187\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-15.187\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-15.187\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Administração\u003C\u002Ftd>\u003Ctd>-6.484\u003C\u002Ftd>\u003Ctd>-7.186\u003C\u002Ftd>\u003Ctd>-7.659\u003C\u002Ftd>\u003Ctd>-7.981\u003C\u002Ftd>\u003Ctd>-7.978\u003C\u002Ftd>\u003Ctd>-7.978\u003C\u002Ftd>\u003Ctd>-7.978\u003C\u002Ftd>\u003Ctd>-7.978\u003C\u002Ftd>\u003Ctd>-7.978\u003C\u002Ftd>\u003Ctd>-7.978\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Arrendamento\u003C\u002Ftd>\u003Ctd>-14.691\u003C\u002Ftd>\u003Ctd>-16.280\u003C\u002Ftd>\u003Ctd>-17.351\u003C\u002Ftd>\u003Ctd>-18.085\u003C\u002Ftd>\u003Ctd>-18.080\u003C\u002Ftd>\u003Ctd>-18.080\u003C\u002Ftd>\u003Ctd>-2.690\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Encargos Lojas Vagas\u003C\u002Ftd>\u003Ctd>-3.013\u003C\u002Ftd>\u003Ctd>-2.155\u003C\u002Ftd>\u003Ctd>-1.265\u003C\u002Ftd>\u003Ctd>-881\u003C\u002Ftd>\u003Ctd>-881\u003C\u002Ftd>\u003Ctd>-881\u003C\u002Ftd>\u003Ctd>-881\u003C\u002Ftd>\u003Ctd>-881\u003C\u002Ftd>\u003Ctd>-881\u003C\u002Ftd>\u003Ctd>-881\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Comissões\u003C\u002Ftd>\u003Ctd>-2.210\u003C\u002Ftd>\u003Ctd>-2.450\u003C\u002Ftd>\u003Ctd>-2.611\u003C\u002Ftd>\u003Ctd>-2.721\u003C\u002Ftd>\u003Ctd>-2.720\u003C\u002Ftd>\u003Ctd>-2.720\u003C\u002Ftd>\u003Ctd>-2.720\u003C\u002Ftd>\u003Ctd>-2.720\u003C\u002Ftd>\u003Ctd>-2.720\u003C\u002Ftd>\u003Ctd>-2.720\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Comercial\u003C\u002Ftd>\u003Ctd>-1.252\u003C\u002Ftd>\u003Ctd>-984\u003C\u002Ftd>\u003Ctd>-706\u003C\u002Ftd>\u003Ctd>-586\u003C\u002Ftd>\u003Ctd>-586\u003C\u002Ftd>\u003Ctd>-586\u003C\u002Ftd>\u003Ctd>-586\u003C\u002Ftd>\u003Ctd>-586\u003C\u002Ftd>\u003Ctd>-586\u003C\u002Ftd>\u003Ctd>-586\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Administrativas e Outros\u003C\u002Ftd>\u003Ctd>-982\u003C\u002Ftd>\u003Ctd>-1.089\u003C\u002Ftd>\u003Ctd>-1.160\u003C\u002Ftd>\u003Ctd>-1.209\u003C\u002Ftd>\u003Ctd>-1.209\u003C\u002Ftd>\u003Ctd>-1.209\u003C\u002Ftd>\u003Ctd>-1.209\u003C\u002Ftd>\u003Ctd>-1.209\u003C\u002Ftd>\u003Ctd>-1.209\u003C\u002Ftd>\u003Ctd>-1.209\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Inadimplência Irrecuperável\u003C\u002Ftd>\u003Ctd>-1.474\u003C\u002Ftd>\u003Ctd>-1.633\u003C\u002Ftd>\u003Ctd>-1.741\u003C\u002Ftd>\u003Ctd>-1.814\u003C\u002Ftd>\u003Ctd>-1.813\u003C\u002Ftd>\u003Ctd>-1.813\u003C\u002Ftd>\u003Ctd>-1.813\u003C\u002Ftd>\u003Ctd>-1.813\u003C\u002Ftd>\u003Ctd>-1.813\u003C\u002Ftd>\u003Ctd>-1.813\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultado Operacional Líquido\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>68.134\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>77.104\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>83.551\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>87.654\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>87.616\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>87.616\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>103.007\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>105.697\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>105.697\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>105.697\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cbr>\u003Cstrong>Investimentos Totais\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-2.947\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.266\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.481\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.628\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.627\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.627\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.627\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.627\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.627\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>-3.627\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reposição do Ativo\u003C\u002Ftd>\u003Ctd>-2.947\u003C\u002Ftd>\u003Ctd>-3.266\u003C\u002Ftd>\u003Ctd>-3.481\u003C\u002Ftd>\u003Ctd>-3.628\u003C\u002Ftd>\u003Ctd>-3.627\u003C\u002Ftd>\u003Ctd>-3.627\u003C\u002Ftd>\u003Ctd>-3.627\u003C\u002Ftd>\u003Ctd>-3.627\u003C\u002Ftd>\u003Ctd>-3.627\u003C\u002Ftd>\u003Ctd>-3.627\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Receita Operacional Líquida\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>65.187\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>73.838\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>80.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>84.026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>83.990\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>83.990\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>99.381\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cbr>\u003Cstrong>Resultado Líquido\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>65.187\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>73.838\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>80.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>84.026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>83.990\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>83.990\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>99.381\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Perpetuidade\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1.317.034\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Fluxo De Caixa\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>65.187\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>73.838\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>80.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>84.026\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>83.990\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>83.990\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>99.381\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>102.070\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>1.419.105\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cbr>\u003Cstrong>Taxa de Desconto\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003Cstrong>8,00%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003C\u002Ftd>\u003Ctd>\u003Cbr>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Capitalização\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>7,75%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Valor Total\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 1.180.5\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>90\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch6>\u003Cstrong>Participação FII Pedra Negra (24,95%)\u003C\u002Fstrong>\u003C\u002Fh6>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Arrendamento – 24,95%\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>3.665\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>4.062\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>4.329\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>4.512\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>4.511\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>4.511\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>671\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>-\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>-\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>-\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Participação – 24,95%\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>354.067\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Fluxo De Caixa\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>3.665\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>4.062\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>4.329\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>4.512\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>4.511\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>4.511\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>22.349\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>25.467\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>25.467\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>354.067\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Taxa de Desconto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>8,00%\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Valor Total\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>R$ 223.083\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Especificação da Avaliação\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>De acordo com as Normas Brasileiras NBR-14653-1, NBR 14653-2 e NBR 14653-4 - Avaliação de Bens da Associação Brasileira de Normas Técnicas – ABNT - o presente trabalho avaliatório apresentou Grau de Fundamentação conforme descrito a seguir:\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F3485\u002F3485.pdf-0071-02.png\">\u003C\u002Fp>\u003Cp>ABNT NBR 14653 -4 (Empreendimentos)\u003Cbr>GRAU DE FUNDAMENTAÇÃO - Fluxo de Caixa Descontado (FCD)\u003Cbr>Tabela 4 - Identificação de valor e indicadores de viabilidade\u003Cbr>Item Atividade Para identificação de valor\u003Cbr>Grau III Grau II Grau I\u003Cbr>Ampla, com os elementos\u003Cbr>1 Análise operacional do operacionais devidamente 3  Simplificada, com base nos Sintética, com a apresentação dos\u003Cbr>empreendimento indicadores operacionais indicadores básicos operacionais\u003Cbr>explicitados\u003Cbr>2 Análise das séries históricas do estocástico para as variáveis-chave, Com base em análise do processo Com base em análise determinística 2  Com base em análise quantitativa\u003Cbr>empreendimento para um prazo mínimo de 24 meses para um prazo mínimo de 12 meses\u003Cbr>em um período mínimo de 36 meses\u003Cbr>3 Análise setorial e diagnóstico de mercado De estrutura, conjuntura, tendências e conduta Da conjuntura Sintética da conjuntura 1 \u003Cbr>4 Taxas de desconto Fundamentada Justificada Arbitrada 1 \u003Cbr>Determinístico associado aos\u003Cbr>5 Escolha do Modelo Probabilístico Determinístico 1 \u003Cbr>cenários\u003Cbr>6 Estrutura básica do fluxo de caixa Completa 3  Simplificada Rendas Líquidas\u003Cbr>7 Cenários fundamentados Mínimo de 5 Mínimo de 3 Mínimo de 1 1 \u003Cbr>8 Análise de sensibilidade Simulações com apresentação do Simulação com identificação de Simulação única com variação em 1 \u003Cbr>comportamento gráfico elasticidade por variável torno de 10%\u003Cbr>9 Análise de risco Risco fundamentado Risco justificado Risco arbitrado 1 \u003Cbr>Pontuação 14\u003Cbr>GRAU DE FUNDAMENTAÇÃO (Para identificação de valor): Grau I\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cstrong>ANEXO A – DOCUMENTAÇÃO DO IMÓVEL\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>Em razão do tamanho dos arquivos, deixamos de incluir os anexos neste laudo. Os documentos utilizados nesta avaliação encontram-se em nossa base de dados para o caso de necessidade de consulta.\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FFPNG11\u002Fdocumentos\u002F3485\u002Fpdf",false,"https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1128433","2024-12-31","2026-03-04 18:46:00",1,{"title":17,"description":18,"canonical":19,"image":20,"json_ld":21,"nome":46,"resumo":87},"Laudo de Avaliação (Conclusão de Negócio) FPNG11 de 31\u002F12\u002F2024 | Kartac","Laudo de Avaliação (Conclusão de Negócio) de 31\u002F12\u002F2024 do FPNG11 (Pedra Negra Renda Imobiliária), entrega em 04\u002F03\u002F2026. P\u002FVP 1,58 em 15\u002F10\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FFPNG11\u002Fdocumentos\u002F3485","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":22,"@graph":23},"https:\u002F\u002Fschema.org",[24,30,35,44,58,73],{"@type":25,"@id":26,"name":27,"url":28,"logo":29},"Organization","https:\u002F\u002Fwww.kartac.com.br\u002F#organizacao","Kartac","https:\u002F\u002Fwww.kartac.com.br\u002F","https:\u002F\u002Fwww.kartac.com.br\u002Fandroid-chrome-512x512.png",{"@type":31,"@id":32,"name":27,"url":28,"inLanguage":33,"publisher":34},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":26},{"@type":36,"@id":37,"url":19,"name":17,"description":18,"inLanguage":33,"isPartOf":38,"dateModified":39,"mainEntity":40,"breadcrumb":42},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FFPNG11\u002Fdocumentos\u002F3485#pagina",{"@id":32},"2026-10-20",{"@id":41},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FFPNG11\u002Fdocumentos\u002F3485#documento",{"@id":43},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FFPNG11\u002Fdocumentos\u002F3485#migalhas",{"@type":45,"@id":41,"name":46,"alternateName":5,"url":19,"inLanguage":33,"about":47,"genre":7,"datePublished":49,"temporalCoverage":13,"author":50,"publisher":56,"isBasedOn":12},"Report","Laudo de Avaliação (Conclusão de Negócio) FPNG11 de 31\u002F12\u002F2024",{"@id":48},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FFPNG11#fundo","2026-03-04",{"@type":25,"name":51,"identifier":52},"BR-CAPITAL DTVM S.A.",{"@type":53,"propertyID":54,"value":55},"PropertyValue","CNPJ","44.077.014\u002F0001-89",{"@type":25,"name":57},"BR-CAPITAL DIST. DE TÍTULOS E VALORES MOBILIÁRIOS S\u002FA",{"@type":59,"@id":48,"name":60,"alternateName":61,"url":64,"category":65,"identifier":66,"provider":71},"InvestmentFund","Pedra Negra Renda Imobiliária",[62,63],"FPNG11","FUNDO DE INVESTIMENTO IMOBILIÁRIO PEDRA NEGRA RENDA IMOBILIÁRIA - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FFPNG11","Híbrido",[67,69],{"@type":53,"propertyID":68,"value":62},"Ticker B3",{"@type":53,"propertyID":54,"value":70},"17.161.979\u002F0001-82",{"@type":25,"name":51,"identifier":72},{"@type":53,"propertyID":54,"value":55},{"@type":74,"@id":43,"itemListElement":75},"BreadcrumbList",[76,79,83,85],{"@type":77,"position":15,"name":78,"item":28},"ListItem","Início",{"@type":77,"position":80,"name":81,"item":82},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":77,"position":84,"name":62,"item":64},3,{"@type":77,"position":86,"name":5,"item":19},4,{"atualizado_em":88,"frases":89},"2026-11-04",[90,91,92,93],"Laudo de Avaliação (Conclusão de Negócio) do Pedra Negra Renda Imobiliária (FPNG11), fundo imobiliário híbrido, com data de referência em 31\u002F12\u002F2024, com entrega no FundosNet (B3) em 04\u002F03\u002F2026.","No pregão de 15\u002F10\u002F2026, a cota do FPNG11 fechou a R$ 344,99, com P\u002FVP de 1,58 (valor patrimonial de R$ 218,37 por cota no informe mensal de setembro de 2026).","O patrimônio líquido era de R$ 664,6 milhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":95,"empresa":96,"gestor":100,"cotacoes":106,"patrimonio":115,"vpa":116,"p_vpa":117,"tipo_gestao":118,"mandato":119,"segmento":120,"categoria":121,"grupo":65,"preco_atual":114,"cotacao_atualizada_em":122,"ultima_variacao_cotacao_24h":119,"variacao_cotacao_7d":119,"variacao_cotacao_1m":123,"variacao_cotacao_3m":124,"variacao_cotacao_6m":125,"variacao_cotacao_12m":126,"vacancia_fisica":127,"liquidez_atual":15,"ultimo_dividendo":119,"ultimo_dividend_yield":119,"mes_pagamento_ultimo_dividendo":119,"dividend_yield_3m":119,"dividend_yield_6m":119,"dividend_yield_12m":119,"dividend_yield_medio_12m":119,"qtd_dividendos_pagos_ano_passado":119,"data_ultima_cotacao":113,"pregoes_com_negocio_21":80,"alertas":128,"updated_at":134,"liquidez_media_reais":135,"administrador":57,"taxa_administracao_paga":136,"balanco":137,"resultado_distribuido":144,"publico_alvo":149,"mercados_negociacao_cotas":150,"data_funcionamento":152,"data_final":119,"quantidade_cotas":153,"quantidade_cotistas":154,"detalhes_cotistas":155,"total_investido":156,"investimentos_fundo":157,"imoveis":160,"contratos":445,"custodiante":504,"auditor_independente":511,"formador_mercado":119,"distribuidor_cotas":119,"consultor_especializado":517,"administrador_locacoes":119,"relatorio_anual":521,"analise_administrador":524},712,{"nome":63,"nome_simplificado":97,"nome_comercial":60,"ticker":62,"nome_ticker":98,"nome_pregao":99,"cnpj":70}," PEDRA NEGRA RENDA IMOBILIÁRIA  RESPONSABILIDADE LIMITADA","FPNG11 - FUNDO DE INVESTIMENTO IMOBILIÁRIO PEDRA NEGRA RENDA IMOBILIÁRIA - RESPONSABILIDADE LIMITADA","FII P NEGRA",{"id":101,"nome":51,"cnpj":102,"endereco":103,"telefone":104,"created_at":105,"updated_at":105},59,"44077014000189","RUA SURUBIM, 577 - 10º ANDAR","11-5508.3500","2026-10-03T18:54:18.000000Z",[107,111],{"id":108,"data":109,"abertura":110,"ultimo":110,"volume":84},3290265,"2026-10-08",348,{"id":112,"data":113,"abertura":114,"ultimo":114,"volume":84},3375995,"2026-10-15",344.99,664587924.75,218.37,"1.58","Ativa",null,"Multicategoria","Tijolo","2026-10-17 17:16","-0.0143","-0.1586","-0.2582","-0.1469","0.04519",[129],{"tipo":130,"campo":131,"titulo":132,"texto":133},"pouco_negociado","liquidez_atual","Pouco negociado","O fundo teve negócios em só 2 dos últimos 21 pregões. Com tão poucos negócios, o preço pode mudar muito de um negócio para o outro, e o DY e o P\u002FVP mudam junto.","04\u002F11\u002F2026 23:00",1039.49,0.0009,{"data_referencia":138,"ativo":139,"passivo":140,"obrigacoes_imoveis":141,"obrigacoes_securitizacao":141,"liquidez":142,"valores_receber":143},"2026-09-01",781012939.32,116425014.57,0,37547790.34,17377648.98,{"data_referencia":145,"resultado":146,"rendimentos":147,"percentual":148},"2026-06-30",15355690.52,14588000.004,0.950006122160373,"Investidores em Geral",[151],"Bolsa","2012-10-25",3043447,137,{"Pessoa Física":154},726087500,{"Imóveis para renda":158,"Cotas de FIIs":159},721279000,4808500,{"vacancia_total":161,"lista_imoveis":162,"data_referencia":145,"vacancia_suspeita":11},0.04519239057158333,[163,172,181,187,209,217,223,229,235,241,247,253,257,263,268,276,281,286,293,299,303,307,315,320,325,330,336,341,349,354,359,364,368,373,379,383,389,396,401,406,410,416,420,424,428,432,437,441],{"nome":164,"vacancia":141,"numero_unidades":165,"area":166,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":168,"inquilinos":169,"ocupacao":15},"Ed. Concórdia ",34,16235,"Alameda Oscar Niemeyer, nº 132, Vale Sereno, Nova Lima - MG",0.401257,[170],{"setor":171,"percentual_receita_imovel":15,"percentual_receita_fii":168},"Mineração",{"nome":173,"vacancia":141,"numero_unidades":174,"area":175,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":177,"inquilinos":178,"ocupacao":15},"Ed.Berlioz",9,2971,"Rua Levindo Lopes, 258 Belo Horizonte  MG",0.076426,[179],{"setor":180,"percentual_receita_imovel":15,"percentual_receita_fii":177},"Telefonia",{"nome":164,"vacancia":141,"numero_unidades":80,"area":182,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":183,"inquilinos":184,"ocupacao":15},895,0.065085,[185],{"setor":186,"percentual_receita_imovel":15,"percentual_receita_fii":183},"Escritórios compartilhados",{"nome":188,"vacancia":189,"numero_unidades":190,"area":191,"endereco":192,"percentual_inadimplencia":193,"percentual_receitas":194,"inquilinos":195,"ocupacao":208},"Shopping Diamond Mall",0.051813,193,4788,"R. Gonçalves Dias, 2400 e Av. Olegário Maciel, 1600",0.0156,0.040966,[196,200,204],{"setor":197,"percentual_receita_imovel":198,"percentual_receita_fii":199},"vestuário",0.396958,0.016262,{"setor":201,"percentual_receita_imovel":202,"percentual_receita_fii":203},"artigos diversos",0.232217,0.009513,{"setor":205,"percentual_receita_imovel":206,"percentual_receita_fii":207},"alimentação",0.167894,0.006878,0.948187,{"nome":210,"vacancia":141,"numero_unidades":15,"area":211,"endereco":212,"percentual_inadimplencia":141,"percentual_receitas":213,"inquilinos":214,"ocupacao":15},"Predio",4910,"Rua Amazonas, 4338 - Belo Horizonte MG",0.037551,[215],{"setor":216,"percentual_receita_imovel":15,"percentual_receita_fii":213},"Comércio varejista",{"nome":164,"vacancia":141,"numero_unidades":86,"area":218,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":219,"inquilinos":220,"ocupacao":15},882,0.030465,[221],{"setor":222,"percentual_receita_imovel":15,"percentual_receita_fii":219},"Serviços de tecnologia",{"nome":164,"vacancia":141,"numero_unidades":15,"area":224,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":225,"inquilinos":226,"ocupacao":15},3529,0.022286,[227],{"setor":228,"percentual_receita_imovel":15,"percentual_receita_fii":225},"Estacionamento",{"nome":164,"vacancia":141,"numero_unidades":84,"area":230,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":231,"inquilinos":232,"ocupacao":15},879,0.021542,[233],{"setor":234,"percentual_receita_imovel":15,"percentual_receita_fii":231},"Industria automobilística",{"nome":164,"vacancia":141,"numero_unidades":80,"area":236,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":237,"inquilinos":238,"ocupacao":15},875,0.02145,[239],{"setor":240,"percentual_receita_imovel":15,"percentual_receita_fii":237},"Escritório compartilhado",{"nome":164,"vacancia":141,"numero_unidades":80,"area":242,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":243,"inquilinos":244,"ocupacao":15},867,0.020968,[245],{"setor":246,"percentual_receita_imovel":15,"percentual_receita_fii":243},"Consultoria de gestão",{"nome":164,"vacancia":141,"numero_unidades":80,"area":248,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":249,"inquilinos":250,"ocupacao":15},865,0.020686,[251],{"setor":252,"percentual_receita_imovel":15,"percentual_receita_fii":249},"Energia renovável",{"nome":164,"vacancia":141,"numero_unidades":80,"area":236,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":254,"inquilinos":255,"ocupacao":15},0.014167,[256],{"setor":240,"percentual_receita_imovel":15,"percentual_receita_fii":254},{"nome":164,"vacancia":141,"numero_unidades":15,"area":258,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":259,"inquilinos":260,"ocupacao":15},432,0.013137,[261],{"setor":262,"percentual_receita_imovel":15,"percentual_receita_fii":259},"Serviços financeiros",{"nome":164,"vacancia":141,"numero_unidades":15,"area":264,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":265,"inquilinos":266,"ocupacao":15},430,0.013077,[267],{"setor":262,"percentual_receita_imovel":15,"percentual_receita_fii":265},{"nome":269,"vacancia":141,"numero_unidades":15,"area":270,"endereco":271,"percentual_inadimplencia":141,"percentual_receitas":272,"inquilinos":273,"ocupacao":15},"Ed.Renaissance",484,"Rua Paraiba, 550 25º and. Belo Horizonte MG",0.012293,[274],{"setor":275,"percentual_receita_imovel":15,"percentual_receita_fii":272},"Holding",{"nome":164,"vacancia":141,"numero_unidades":15,"area":277,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":278,"inquilinos":279,"ocupacao":15},428,0.010677,[280],{"setor":262,"percentual_receita_imovel":15,"percentual_receita_fii":278},{"nome":164,"vacancia":141,"numero_unidades":15,"area":264,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":282,"inquilinos":283,"ocupacao":15},0.010676,[284],{"setor":285,"percentual_receita_imovel":15,"percentual_receita_fii":282},"Construção",{"nome":287,"vacancia":141,"numero_unidades":15,"area":288,"endereco":289,"percentual_inadimplencia":141,"percentual_receitas":290,"inquilinos":291,"ocupacao":15},"Ed.Century Tower",317,"Rua Maria Luiza Santiago, 200 - Belo Horizonte MG",0.006665,[292],{"setor":171,"percentual_receita_imovel":15,"percentual_receita_fii":290},{"nome":173,"vacancia":141,"numero_unidades":15,"area":294,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":295,"inquilinos":296,"ocupacao":15},367,0.006221,[297],{"setor":298,"percentual_receita_imovel":15,"percentual_receita_fii":295},"Engenharia",{"nome":173,"vacancia":141,"numero_unidades":15,"area":294,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":300,"inquilinos":301,"ocupacao":15},0.006083,[302],{"setor":298,"percentual_receita_imovel":15,"percentual_receita_fii":300},{"nome":173,"vacancia":141,"numero_unidades":15,"area":294,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":304,"inquilinos":305,"ocupacao":15},0.005493,[306],{"setor":298,"percentual_receita_imovel":15,"percentual_receita_fii":304},{"nome":308,"vacancia":141,"numero_unidades":15,"area":309,"endereco":310,"percentual_inadimplencia":141,"percentual_receitas":311,"inquilinos":312,"ocupacao":15},"Ed.Severo Antunes",410,"Rua Gonçalves da Guia, 8 - Itauna -MG",0.005347,[313],{"setor":314,"percentual_receita_imovel":15,"percentual_receita_fii":311},"Comércio de Eletrônicos",{"nome":173,"vacancia":141,"numero_unidades":15,"area":294,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":316,"inquilinos":317,"ocupacao":15},0.00533,[318],{"setor":319,"percentual_receita_imovel":15,"percentual_receita_fii":316},"Tecnologia",{"nome":164,"vacancia":141,"numero_unidades":15,"area":321,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":322,"inquilinos":323,"ocupacao":15},180,0.005328,[324],{"setor":246,"percentual_receita_imovel":15,"percentual_receita_fii":322},{"nome":173,"vacancia":141,"numero_unidades":15,"area":294,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":326,"inquilinos":327,"ocupacao":15},0.004348,[328],{"setor":329,"percentual_receita_imovel":15,"percentual_receita_fii":326},"Locação de imóveis",{"nome":173,"vacancia":141,"numero_unidades":80,"area":331,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":332,"inquilinos":333,"ocupacao":15},362,0.004339,[334],{"setor":335,"percentual_receita_imovel":15,"percentual_receita_fii":332},"Clinica médica",{"nome":287,"vacancia":141,"numero_unidades":15,"area":337,"endereco":289,"percentual_inadimplencia":141,"percentual_receitas":338,"inquilinos":339,"ocupacao":15},186,0.004288,[340],{"setor":335,"percentual_receita_imovel":15,"percentual_receita_fii":338},{"nome":342,"vacancia":141,"numero_unidades":15,"area":343,"endereco":344,"percentual_inadimplencia":141,"percentual_receitas":345,"inquilinos":346,"ocupacao":15},"Ed.Prime Savassi",215,"Rua Antonio de Albuquerque, 196 - Belo Horizonte MG",0.004252,[347],{"setor":348,"percentual_receita_imovel":15,"percentual_receita_fii":345},"Turismo",{"nome":287,"vacancia":141,"numero_unidades":15,"area":288,"endereco":289,"percentual_inadimplencia":141,"percentual_receitas":350,"inquilinos":351,"ocupacao":15},0.00417,[352],{"setor":353,"percentual_receita_imovel":15,"percentual_receita_fii":350},"Serviços advocatícios",{"nome":287,"vacancia":141,"numero_unidades":15,"area":355,"endereco":289,"percentual_inadimplencia":141,"percentual_receitas":356,"inquilinos":357,"ocupacao":15},198,0.003208,[358],{"setor":298,"percentual_receita_imovel":15,"percentual_receita_fii":356},{"nome":342,"vacancia":141,"numero_unidades":15,"area":343,"endereco":360,"percentual_inadimplencia":141,"percentual_receitas":361,"inquilinos":362,"ocupacao":15},"Rua Antonio de Albuquerque, 195 - Belo Horizonte MG",0.002991,[363],{"setor":298,"percentual_receita_imovel":15,"percentual_receita_fii":361},{"nome":287,"vacancia":141,"numero_unidades":15,"area":355,"endereco":289,"percentual_inadimplencia":141,"percentual_receitas":365,"inquilinos":366,"ocupacao":15},0.00275,[367],{"setor":353,"percentual_receita_imovel":15,"percentual_receita_fii":365},{"nome":342,"vacancia":141,"numero_unidades":15,"area":343,"endereco":360,"percentual_inadimplencia":141,"percentual_receitas":369,"inquilinos":370,"ocupacao":15},0.002562,[371],{"setor":372,"percentual_receita_imovel":15,"percentual_receita_fii":369},"Embalagens",{"nome":173,"vacancia":141,"numero_unidades":15,"area":374,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":375,"inquilinos":376,"ocupacao":15},194,0.002501,[377],{"setor":378,"percentual_receita_imovel":15,"percentual_receita_fii":375},"Comércio",{"nome":287,"vacancia":141,"numero_unidades":15,"area":337,"endereco":289,"percentual_inadimplencia":141,"percentual_receitas":380,"inquilinos":381,"ocupacao":15},0.002457,[382],{"setor":353,"percentual_receita_imovel":15,"percentual_receita_fii":380},{"nome":173,"vacancia":141,"numero_unidades":80,"area":384,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":385,"inquilinos":386,"ocupacao":15},268,0.002333,[387],{"setor":388,"percentual_receita_imovel":15,"percentual_receita_fii":385},"Alimentação",{"nome":342,"vacancia":390,"numero_unidades":15,"area":343,"endereco":344,"percentual_inadimplencia":141,"percentual_receitas":391,"inquilinos":392,"ocupacao":395},0.111111111111111,0.002191,[393],{"setor":394,"percentual_receita_imovel":15,"percentual_receita_fii":391},"Educação",0.8888888888888891,{"nome":164,"vacancia":141,"numero_unidades":15,"area":397,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":398,"inquilinos":399,"ocupacao":15},12,0.001273,[400],{"setor":329,"percentual_receita_imovel":15,"percentual_receita_fii":398},{"nome":164,"vacancia":141,"numero_unidades":15,"area":402,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":403,"inquilinos":404,"ocupacao":15},21,0.000529,[405],{"setor":171,"percentual_receita_imovel":15,"percentual_receita_fii":403},{"nome":164,"vacancia":141,"numero_unidades":15,"area":402,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":407,"inquilinos":408,"ocupacao":15},0.000289,[409],{"setor":388,"percentual_receita_imovel":15,"percentual_receita_fii":407},{"nome":269,"vacancia":15,"numero_unidades":15,"area":411,"endereco":412,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":413,"ocupacao":141},533,"Rua Paraiba, 550 23º and. Belo Horizonte MG",[414],{"setor":415,"percentual_receita_imovel":141,"percentual_receita_fii":141},"Vago",{"nome":173,"vacancia":15,"numero_unidades":15,"area":417,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":418,"ocupacao":141},546,[419],{"setor":415,"percentual_receita_imovel":141,"percentual_receita_fii":141},{"nome":173,"vacancia":15,"numero_unidades":15,"area":421,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":422,"ocupacao":141},796,[423],{"setor":415,"percentual_receita_imovel":141,"percentual_receita_fii":141},{"nome":173,"vacancia":15,"numero_unidades":15,"area":425,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":426,"ocupacao":141},70,[427],{"setor":415,"percentual_receita_imovel":141,"percentual_receita_fii":141},{"nome":173,"vacancia":15,"numero_unidades":15,"area":429,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":430,"ocupacao":141},27,[431],{"setor":415,"percentual_receita_imovel":141,"percentual_receita_fii":141},{"nome":173,"vacancia":141,"numero_unidades":433,"area":434,"endereco":176,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":435,"ocupacao":15},11,1722,[436],{"setor":228,"percentual_receita_imovel":141,"percentual_receita_fii":141},{"nome":164,"vacancia":15,"numero_unidades":15,"area":438,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":439,"ocupacao":141},10,[440],{"setor":415,"percentual_receita_imovel":141,"percentual_receita_fii":141},{"nome":164,"vacancia":15,"numero_unidades":15,"area":442,"endereco":167,"percentual_inadimplencia":141,"percentual_receitas":141,"inquilinos":443,"ocupacao":141},8,[444],{"setor":415,"percentual_receita_imovel":141,"percentual_receita_fii":141},{"data_referencia":145,"prazos":446,"indexadores":489,"receita_aluguel_trimestre":499,"valor_imoveis":158,"cap_rate":500,"receita_sobre_mercado":501,"aluguel_m2_mes":502,"area_ocupada":503},[447,450,453,456,459,462,465,468,471,474,477,480,483,486],{"faixa":448,"percentual":449},"Até 3 meses",0.013725,{"faixa":451,"percentual":452},"3 a 6 meses",0.006002,{"faixa":454,"percentual":455},"6 a 9 meses",0.024388,{"faixa":457,"percentual":458},"9 a 12 meses",0.050333,{"faixa":460,"percentual":461},"12 a 15 meses",0.056374,{"faixa":463,"percentual":464},"15 a 18 meses",0.01315,{"faixa":466,"percentual":467},"18 a 21 meses",0.129321,{"faixa":469,"percentual":470},"21 a 24 meses",0.001661,{"faixa":472,"percentual":473},"24 a 27 meses",0.026193,{"faixa":475,"percentual":476},"27 a 30 meses",0.007967,{"faixa":478,"percentual":479},"30 a 33 meses",0.101783,{"faixa":481,"percentual":482},"33 a 36 meses",0.016946,{"faixa":484,"percentual":485},"Acima de 36 meses",0.536618,{"faixa":487,"percentual":488},"Indeterminado",0.015539,[490,493,496],{"nome":491,"percentual":492},"IGP-M",0.714529,{"nome":494,"percentual":495},"IPCA",0.240897,{"nome":497,"percentual":498},"IGP-DI",0.044573,12274529.29,0.068071,0.046762,85.61,47790,{"id":505,"nome":506,"cnpj":507,"endereco":508,"telefone":509,"created_at":510,"updated_at":510},63,"ITAU CORRETORA DE VALORES S.A.","61194353000164","Av Brig Faria Lima 3400 10º and","11-2740.2575","2026-10-03T18:54:38.000000Z",{"id":512,"nome":513,"cnpj":514,"endereco":515,"telefone":516,"created_at":510,"updated_at":510},64,"ECOVIS WFA AUDITORES IDEPENDENTES S\u002FS","40221974000110","AV. NAÇÕES UNODAS, 14401 - CHACARA SANTO ANTONIO","(11) 5183-5422",{"id":518,"nome":519,"cnpj":520,"endereco":103,"telefone":104,"created_at":105,"updated_at":105},60,"UNITAS CONSULTORIA E EMPREENDIMENTOS LTDA.","61458998000167",{"ano_referencia":522,"data_disponibilizacao":523},"2025","2026-03-30",{"ResultadoFundo":525,"ConjunturaEconomica":526,"PerspectivaPeriodoSeguinte":527},"O Fundo apurou um resultado liquido positivo de R$ 140.352.000,00 no período, resultante dos aluguéis recebidos no período e de receitas financeiras obtidas sobre os recursos disponíveis e pelo ajuste ao valor justo das propriedades para investimentos.\n O Fundo fez distribuição aos cotistas no corrente exercício, no valor total de R$ 20.913.000,00.\n","Desempenho do Setor de Shopping Centers\nDe acordo com dados da Associação Brasileira de Shopping Centers (Abrasce), o ano de 2025 apresentou resultados positivos para o setor. Informações divulgadas pela Revista Shopping Centers, com base no Censo Brasileiro de Shopping Centers 2025–2026, indicam que o setor alcançou, pelo terceiro ano consecutivo, recorde de vendas, com faturamento de R$ 200,9 bilhões, representando crescimento de 1,2% em relação a 2024.\n\nAdicionalmente, conforme o relatório de atividades da Abrasce, o setor registrou crescimento de 2,1% nas vendas no terceiro trimestre de 2025. Os indicadores operacionais permaneceram robustos, com taxa de ocupação de 95,6% — uma das mais elevadas dos últimos anos — e inadimplência controlada em 3,7%, reforçando a resiliência e a solidez do segmento.\n\nO censo também aponta evolução no comportamento do consumidor, com tempo médio de permanência de 80 minutos, o maior já registrado. Observa-se, ainda, a consolidação do modelo de uso misto, sendo que aproximadamente um terço dos empreendimentos já opera como complexos multiuso, integrando torres comerciais e residenciais, além de serviços como centros médicos, hotéis e instituições de ensino.\n\nNo que se refere à expansão do setor, foram inaugurados 10 novos empreendimentos greenfield em 2025. A região Sudeste permanece como principal concentração de ativos (332 unidades), seguida pelas regiões Sul (112) e Nordeste (110).\n\nMercado de Escritórios\nNo segmento de conjuntos comerciais, dados da CBRE, divulgados pelo portal Bloomberg Línea, indicam a consolidação do retorno ao trabalho presencial. Observa-se a materialização de uma demanda reprimida, especialmente por empresas que expandiram suas operações no período pós-pandemia, mas postergaram decisões de locação em função da adoção do regime de trabalho remoto.\n\nOs ativos pertencentes ao fundo encerraram o ano com alta taxa de ocupação: 95% para as lojas; 99% para os escritórios, e 94% para o Shopping.","Segmento de Shopping Centers:\nDe acordo com especialistas da Abrasce, o patamar atual de desemprego, considerado baixo, tende a estimular o consumo. Adicionalmente, a realização da Copa do Mundo em 2026 pode impulsionar segmentos específicos do varejo.\nPor outro lado, as eleições presidenciais, previstas para outubro, podem pressionar o câmbio e os preços, o que gera incerteza e acaba prejudicando o consumo. Nesse contexto, a Abrasce projeta crescimento de 1,4% nas vendas do setor em 2026.\n\nSegmento de escritórios:\nA consolidação do trabalho presencial deve continuar refletindo na elevação da ocupação dos conjuntos comerciais.\n\nExpectativa para o portfólio do fundo:\nPara o portfólio do fundo, espera-se a manutenção das receitas de locação, com possibilidade de crescimento moderado ao longo do ano, considerando as possibiliades de ocupação das áreas atualmente vagas."]