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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Squarestone | LSE:SQB | London | Ordinary Share | GG00B61JP354 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 110.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSQB
RNS Number : 1297G
Squarestone Brasil Limited
09 May 2011
9 May 2011
Squarestone Brasil Limited
(the "Company" or "Squarestone Brasil")
CONSTRUCTION COMMENCED ON GOLDEN SQUARE SHOPPING MALL DEVELOPMENT
Squarestone Brasil Limited (AIM: SQB.L, SQBW.L), the Anglo-Brazilian real estate development and investment company, today announces that it has commenced construction at the Golden Square shopping mall development project. Golden Square will target the ABC region of Sao Paulo, Brazil and is expected to open by Q3 2012.
The Golden Square scheme is a flagship development for Squarestone Brasil, opening up an entirely new growing 'A' and 'B' class consumer market for the Company to access. Upon completion, Golden Square will be a 31,000 sq m net leasable area mall on three levels, designed and built to international shopping mall standards combined with the local culture, tastes and fashions of Brazil that is intended to deliver the optimal tailored retailing experience targeting the ABC region of Sao Paulo. Golden Square's goal is to redefine the local retail experience based on international standards, hosting both domestic and international retailers under one roof and presenting a distinctive retail offer that currently does not exist in this part of greater Sao Paulo.
James Morse, Chief Executive of Squarestone Brasil, commented:
"Squarestone Brasil is delighted to be on site and to have commenced construction at Golden Square. We look forward to reporting on progress in due course."
For further information contact:
Squarestone Brasil Limited Tel: +44 (0)20 7074 1800 James Morse, Chief Executive Robert Sloss, Executive Director Tim Barlow, Executive Director Liberum Capital (Nominated Adviser Tel: +44 (0)20 3100 2000 and Broker) Chris Bowman Kreab Gavin Anderson (PR Adviser) Tel: +44 (0)20 7074 1800 James Benjamin squarestone@kreabgavinanderson.com Natalie Biasin
Notes to editors
Squarestone Brasil
Squarestone Brasil Limited (AIM: SQB.L, SQBW.L) is an Anglo-Brazilian real estate investment and development company specialising in the Brazilian shopping mall sector. The Company combines local real estate market knowledge with international expertise in retailing, construction and development and is focused on introducing to the Brazil shopping mall sector international standards in terms of design, construction, operation and asset management.
Squarestone Brasil Limited is a Guernsey registered and domiciled company with an operational subsidiary in Sao Paulo. Its Ordinary Shares and Warrants are traded on AIM where it was admitted to trading in April 2010. The business carried on by Squarestone Brasil was co-founded in 2007 by James Morse, Tim Barlow and Robert Sloss.
Further information on Squarestone Brasil is available from the Company's website: www.squarestone.com.br
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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