The Brazilian government’s privatisation programme is opening up huge opportunities for shopping centre, hotel and leisure development and investment, says a report issued at MIPIM 97 by Brazilian surveyors Machado, Meyer Sendacz and Opice.
Doctor Ramir Chap Chap, chairman of the Brazilian association of shopping centres, said: “There is “a great number of investment opportunities in the retail and leisure industries.”
He claimed that deals have already been signed with European investors for development in Brazil.
Dramatic growth in Brazil’s tourism sector has created huge demand for new hotels. Chap Chap estimated that the cost of hotel development is between US$10 and US$20 per sq m.
EGi News at MIPIM 97 (15/03/97)
