Acquisition in Rio de Janeiro


Acquisition in Rio de Janeiro (3/5)Vabrad, a subsidiary of Vabeld, has purchased a prime retail unit on Rio’s famous Avenida Rio Branco.

The unit is located on one of the most prominent commercial corners of the city and is let to Di Santinni, a shoe retailer.

Brazil’s economy has suffered its worst economic downturn  in several decades but there are clear signs that the economic cycle is now bottoming out.