Brazils Multiplan CEO expects shopping center sector to surpass pre-pandemic levels

div classBodysc17zpet90 cdBBJodivpRIO DE JANEIRO Reuters – Brazil‘s shopping mall sector is expected to grow 10 this year compared to 2019, before the COVID19 pandemic, said Jose Isaac Peres, mall operator Multiplan’s chief executive on Tuesday.p

pThe retail segment should grow faster than the rest of the economy as demand increases after being pent up by restrictive measures during the pandemic, he said.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“The sector will grow this year more than 10 compared to 2019, but if you compare it to 2020 and 2021 it will be 40 to 70 ahead.”p

pEarlier this month, Multiplan reported that March sales at its managed malls were 20.6 higher than in the same month in 2019, reaching a monthly record of 1.4 billion reais 299.37 million.p

p1 4.6765 reaisp

p

pp Reporting by Rodrigo Viga Gaier Writing by Peter Frontini Editing by Richard Changp

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