Allos agrees to sell stakes in seven malls to a Kinea fund

In brief

Allos will sell stakes in seven malls to a Kinea fund.

The fund must raise at least R$ 600 million.

Verified fact · material
Allos signed an agreement to sell stakes in seven malls to the Kinea Allos Malls real estate fund, announced on October 23, 2026.
Sale.
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Verified fact · material
The deal requires a minimum R$ 600 million raise in the fund's offering, and the stake sold in each mall varies with the amount raised.
Condition.
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Verified fact · material
The average cap rate is about 9.5% on 2025 NOI.
Pricing.
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Verified fact · material
Payment will be 80% upfront after the offering and 20% in three installments at 24, 36 and 48 months.
Payment.
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Verified fact
According to NeoFeed, the fund's offering seeks to raise up to R$ 1 billion.
Cap.
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Transmission to assets

Tying the deal to the raise leaves the final sale size to the market.

ALOS3positive

Sale recycles capital.

Offering below floor.

What would change the view: Minimum raise met.

direct20% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

Limits of the reporting