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Reassuringly Expensive

​We recently met with the Investor Relations team of Iguatemi Shopping Centres (IGTA3.BS) at their Sao Paulo headquarters to discuss the current operating environment and their long-term strategy for growth. The meeting centred around three key themes: Relative positioning of Iguatemi and current trading in light of depressed consumer sentiment; internal measures to improve operational performance given the troubled macroeconomic environment; longer-term value accretive projects across the exi...

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