MORE THAN RETAIL
The shopping mall market in Brazil currently has countless empty stores. An IBGE survey indicates that more than 12600 spaces are vacant in Brazilian shopping malls and that this number has already been higher. Thanks to the strategy of increasing service operations, the vacancy has decreased in the last two years.
Here we see an opportunity.
A CHANGING MARKET
In the USA, where the crisis of the malls led some players to close units, coworking spaces are already seen as an alternative to attract public and maintain the financial sustainability of the segment.
AS AN ALTERNATIVE
In 2017, we initiated the UFO Store project, a model that occupies vacant spaces in shopping malls, transforming them into a mix of coworking offices, event spaces and pub-bars.
The project is a partnership with Multiplan and was launched in June 2018.