History and Corporate Profile

Corporate Profile

Aliansce Shopping Centers S.A. ("Aliansce" or "Company") is one of the leading shopping center developers and manages the second largest number of shopping centers in Brazil among the five publicly held companies in the sector.

The Company’s business focus is the investment in malls and the sale of the following services: (i) management of malls; (ii) leasing of commercial spaces in malls; and (iii) planning, developing and implementing malls. The Company is a full service company operating in all of the development stages of malls, such as planning and preparation of the feasibility study, development of the project, leasing and management of the mall.

Aliansce has a diversified portfolio that includes malls located in all regions of Brazil, with target customers in all income segments. At the end of 2016, the Company had ownership interests in twenty operating malls, which have more than 722,000 square meters of gross leasable area, including Shopping Leblon that we acquired participation at the end of 2016.

Aliansce manages the malls in which it has ownership interests, with the exception of Shopping Santa Úrsula. In addition, the Company manages nine third-party malls throughout Brazil.

Aliansce believes its malls represent a cross section of properties satisfying the consumption and leisure needs of its target customers, and offer good opportunities for the tenants in these centers. Additionally, the Company believes the malls in which it has ownership interests have strong potential for expansion, which will allow the Company to quickly and efficiently meet increasing market demand at a lower cost than developing new malls. Nonetheless, in addition to the expansion of its malls, Aliansce will continue to seek opportunities through new developments and acquisitions.

History

Aliansce began operations in August 2004, through a joint venture between Renato Rique, who possesses many years of experience in the sector and whose family was a pioneer in Brazil’s malls market, and General Growth Properties, one of the leading listed real estate companies in the United States.

In September, 2013, Canadian Pension Plan Investment Board ("CPPIB") became a relevant shareholder in the Company.

CPPIB is a professional investment management organization, which invests Canada Pension Plan ("CPP") funds which exceed the current obligations related to benefits of the 18 million Canadian beneficiaries. In order to create a diversified portfolio of CPP’s assets, CPPIB invests in public and private companies, as well as in retail properties, infrastructure, and fixed income securities. CPPIB’s vast global experience will certainly create strong synergy with Aliansce’s administration and shareholders to improve the Company’s activities.

Since the association began, the Company has made several acquisitions as well as increasing its stake in existing investments.

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