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Beachwood, Ohio – The Brazilian portfolio consisted of 10 regional shopping centers comprised of 4.6 million square feet.
Beachwood, Ohio – DDR Corp. has closed on the sale of its 50 percent ownership interest in Sonae Sierra Brazil BV Sari (SSB BV Sari) for $344 million. The Brazilian portfolio consisted of 10 regional shopping centers comprised of 4.6 million square feet. This interest comprised DDR’s entire investment in Brazil. The buyer was Germany’s Alexander Otto and affiliates.
— Scott Reid