Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Pereira Coutinho Avoiding Brazil Real Estate After Mall Sales

Joao Pereira Coutinho, the Portuguese investor who sold his stakes in five Brazilian shopping centers, plans to avoid investing in the country’s real-estate market after prices rose to “historic” highs.

“Today our focus in Brazil is not in real estate,” he said in an e-mailed response to questions. “The real-estate market in Brazil is heated.”

Pereira Coutinho said he plans to keep investing in other areas of Brazil’s “robust” economy after selling his share of shopping centers in the states of Rio de Janeiro, Paraiba and Sao Paulo for 574.5 million reais ($322 million). His SGC SGPS SA investment company holds a majority stake in SAG Gest-Solucoes Automovel Globais SGPS SA, the Portuguese importer of cars made by Volkswagen AG that also controls Brazilian car-rental company Unidas SA.

“The Brazilian economy has had very positive growth” and that’s reflected in the property market, he said.

The International Monetary Fund estimated that Brazil’s economy grew 3.8 percent last year, down from the 7.5 percent pace in 2010 that was the biggest jump in two decades. The country is preparing to host the soccer World Cup in 2014 and the Summer Olympics two years later.

Pereira Coutinho still holds some real estate assets in Brazil, he said without identifying them. His current plans for Brazil include a clean energy project of “great dimension” with Vale SA, the world’s largest producer of iron-ore. He didn’t provide details of the project.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.