Nareit is pleased to welcome a new corporate member.
Established in 2006, Hedge Brasil Shopping FII (HGBS) is Brazil's first actively managed REIT. This REIT focuses exclusively on operational shopping malls with a minimum gross leasable area (GLA) of 15,000 m², located in regions with a population of at least 500,000 residents, and managed by specialized firms. HGBS is listed on the B3 stock exchange under the ticker HGBS11. As of September 2024, it became the first Brazilian REIT to be included in the FTSE EPRA Nareit Global REIT Index . HGBS is one of the largest REITs in Brazil by market capitalization, gross leasable area, and number of investors. Headquartered in São Paulo, HGBS holds stakes in 19 shopping malls across six states and fourteen cities in Brazil.