Brazil Property News: Brazilian shopping centres boom




23rd July 2008 04:28


People looking at property for sale in Brazil could be interested to hear the nation's shopping mall sector is booming and employs close to one million workers, it has been reported.

The country's Association of Shopping Centres (Abrasce) is now taking its know-how abroad to teach Botswanians a lesson on the subject, according to Brazzil Mag.

Abrasce's president Marcelo Carvalho will attend the convention organised by the International Council of Shopping Centres this week.

"The work developed by Brazilian entrepreneurs is gaining greater and greater recognition due to the success of the industry and to its more and more global characteristics," he said in a press statement.

According to the report, 22 new malls were opened in the South American nation this year, while revenues boomed to $68.4 billion last year as the sector announced it employed 868,000(-people/workers?).

It was reported by ANBA yesterday that the city of Curitiba is tipped to become the nation's next important fashion centre as it hosts the second Parana Business Collection.


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