Expansion of Parque Dom Pedro in Brazil opens

Beachwood, Ohio -- Developers Diversified Realty Corp. announced that the company's joint venture in Brazil, Sonae Sierra Brasil, has opened a nearly 60,000-sq.-ft. expansion at Parque Dom Pedro Shopping, now a 1.3 million-sq.-ft. enclosed mall in Campinas, Brazil.

Sonae Sierra Brasil is a fully integrated owner, manager and developer of shopping centers in Brazil, and is a joint venture between Developers Diversified and Sonae Sierra, headquartered in Portugal. Sonae Sierra Brasil owns and manages 10 shopping centers in Brazil, totaling 3.9 million sq. ft.

The Parque Dom Pedro expansion opened fully leased and features local, national and international retailers including Nike and Adidas. The center currently features over 400 retailers and restaurants including Walmart, Zara, FNAC, C&A, Renner, Riachuelo, Etna, Centauro, and Telha Norte.

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