Multiplan Announces the Pre-Launch of a Commercial Tower Integrated to BarraShoppingSul

Multiplan Announces the Pre-Launch of a Commercial Tower Integrated to
BarraShoppingSul

RIO DE JANEIRO, Brazil, June 19 /PRNewswire-FirstCall/ -- Multiplan
Empreendimentos Imobiliarios S.A ("Multiplan") (Bovespa: MULT3), the largest
Shopping Mall company of Brazil in terms of revenue, aligned with its strategy
of maximizing its shareholder's return, informs the pre-launch of Cristal
Tower BarraShoppingSul, in Porto Alegre, Rio Grande do Sul.
The project consists in a commercial tower with approximately 22,000 sq.m.
of construction area and 11,915 sq.m. of private area to be sold, attached to
BarraShoppingSul, in order to meet the high demand for commercial offices in
the city.
Multiplan's interest on the development will be 100% and the estimated
nominal Potential Sales Value (PSV) is over R$ 70 million. The project is
already approved by the city of Porto Alegre.
The opening is scheduled for the first half of 2011 and the project's
unleveraged nominal internal rate of return is expected to be over 25% p.a.
To access the full Notice to the Market, with more details about the
project, please click here.
Strategic Alignment
The construction of Cristal Tower is aligned with the company's strategy
of developing multi-use projects, hence taking advantage from the synergy
between shopping malls and commercial buildings.
SOURCE Multiplan

Armando d'Almeida Neto, CFO and IRO of Multiplan, +55 21 3031-5224, fax, +55
21 3031-5322, ri@multiplan.com.br