Sales in Multiplan shopping centers reached R$ 12.8 billion in 2014, an increase of 12.1% compared to 2013. In the last five years, sales more than doubled, from R $ 6.1 billion in 2009 to the current number. The data are part of the prior operating results for the fourth quarter and full year 2014.
In a period of ten years, since 2004, Multiplan added nine shopping centers to the portfolio, and added R$ 10.0 billion to the shopping malls sales, an increase of 4.6 times the initial amount.
The four shopping centers opened since 2012 (JundiaíShopping, ParkShoppingCampoGrande, VillageMall and Parque Shopping Maceió) contributed R$ 1.6 billion in sales in 2014, an increase of 53.9% over 2013 sales of these assets.
In the fourth quarter 2014, sales totaled R$ 4.1 billion, an increase of 11.3% over 4Q13. These sales accounted for 31.8% of total sales in 2014, reflecting the high flow of sales recorded at the end of the year. Assets opened since 2012 amounted to 4T14 sales R$ 509.2 million, a contribution 37.2% higher than in the fourth quarter last year.
The strong increase in sales of new shopping malls led to a reduction of the difference in sales/m² of these assets and the rest of the portfolio, which increased from 112% in 1Q13 to 46% in 4T14, demonstrating the ongoing process of consolidation of new shopping centers .
The Same Area Sales reached the highest growth of the last four years, from 9.0% in 2014 over 2013. This increase is an achievement in a year of low economic growth and emphasizes the success of changing the store mix, which contributed to an even stronger growth in Multiplan shopping centers. The Same Store Sales increased 7.9% in 2014, a strong result on a high comparison base sales/m² in 2013.
The Same Area Sales increased 8.8% in 4T14, compared to 4Q13, period in which the metric had grown 8.0%. In the concept "Same Store", sales growth 7.9% in 4T14 on the same period last year, reflecting the strong performance of Multiplan shops in the most important sales season of the year.
In addition, Multiplan portfolio ended 2014 with a final occupancy rate of 99.0% in its shopping centers, the highest rate recorded in its publicly-held company history. Multiplan also recorded the highest average occupancy rate in 2014, of 98.7%, and in 4T14, 99.0%.
The level reached emphasizes the strong demand for space in shopping centers of the company, despite the strong growth of the area, 212,5 thousand m² in the past four years, expanded the total Multiplan GLA to 764.3 thousand m². On December 31, 2014, 12 enterprises had an occupancy rate of 99% or higher, and all Multiplan shopping centers had occupancy above 95%.