HSI began investing in retail in 2007 through three greenfield developments: Shopping Pátio Maceió (AL), Via Verde (AC), and Jardim Guadalupe (RJ).

To optimize management and leasing of its growing shopping center portfolio, in 2012 HSI formed a joint venture with Alqia Administradora, a shopping center operator. Alqia has since become the exclusive operator of HSI’s shopping center portfolio, ensuring truly active management and thus consistent returns for investors.

In November 2022, HSI acquired Alqia. The firm has nearly three decades of experience in the retail sector, having developed assets of different sizes and targeted various markets throughout Brazil.

Our shopping center portfolio is comprised of 11 assets representing over 390,000 sqm GLA, of which 7 are held by FII HSI Malls (HSML11): Shopping Granja Vianna (SP), SuperShopping Osasco (SP), Shopping Metrô Tucuruvi (SP), Shopping Pátio Maceió (AL), Via Verde (AC), Shopping Paralela (BA) e Shopping Uberaba (MG). The remaining four assets are held by our private equity funds: Uberlândia Shopping (MG), Shopping Pátio Ciâne (SP), Shopping Manaus Via Norte (AM) e o Bossa Nova Mall (RJ).