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Top 50 shopping centre owners and operators in Brazil

Tamtam tracks 50 shopping centre owners and operators headquartered in Brazil. This list ranks all of them by number of employees on LinkedIn, led by Grupo Zaffari, Grupo Muffato and Grupo Líder. Their median headcount is 441. Half of them were founded in 1985 or later. The most common headquarters are São Paulo (10), Rio de Janeiro (6) and Goiânia (5).

🇧🇷 Brazil50 companiesUpdated Nov 12, 2026

This selection of large Brazilian companies in retail and real estate includes several major shopping centre owners and operators. These are well-established groups, mostly founded in the 1960s and 1970s. Grupo Zaffari, founded in 1935, operates supermarkets and shopping centres. JHSF specializes in high-end real estate, including shopping malls. Sá Cavalcante focuses on responsible projects in shopping centres, real estate, and food franchises. Multiplan Empreendimentos S.A. is an industry leader with 19 shopping centres and investments in residential and commercial developments.

Most of these companies are headquartered in the Southeast region of Brazil, with a strong concentration in Rio de Janeiro and São Paulo. However, several significant players, such as Grupo Zaffari in Porto Alegre and Grupo Muffato in Londrina, demonstrate a broader geographical distribution of major retail and real estate operations across the country.

#CompanyIndustryHeadquarters EmployeesFounded
1
Grupo Zaffarigrupozaffari.com.br

A retail business founded in 1935, now with supermarkets, shopping centers, credit card services, and a wholesale unit, emphasizing quality, community, and sustainability

Retail 🇧🇷 Porto Alegre 10,102 n/a
2
Grupo Muffatosupermuffato.com.br

Operates a large supermarket and wholesale chain, including distribution centers, gas stations, and shopping centers, focusing on quality and employee development.

Retail 🇧🇷 Londrina 8,751 1974
3
Grupo Lídergrupolideronline.com.br

A Pará-based organization striving for excellence since the 1960s, with a diverse portfolio including supermarkets, shopping centers, pharmacies, and more

Retail 🇧🇷 Belém 5,523 1960
4
JHSFjhsf.com.br

A pioneer in high-end real estate in Brazil, specializing in shopping malls, hospitality, and real estate development with a focus on customer satisfaction and sustainability

Real Estate 🇧🇷 São Paulo 4,010 n/a
5
Grupo Sagagruposaga.com.br

A national organization leading the future of mobility for 50 years, with a focus on customer care and representing a wide range of vehicle brands

Retail 🇧🇷 Goiânia 3,155 1972
6
Mercadocarmercadocar.com.br

This company functions as an online marketplace for car parts, providing a wide selection of vehicle components for various automotive needs, operating as a comprehensive auto parts shopping destination.

Retail 🇧🇷 3,060 n/a
7
Sá Cavalcante

A diverse group focused on responsible and sustainable projects in shopping centers, real estate, food franchises, and television broadcasting, aiming to change the world

Facilities Services 🇧🇷 Vila Velha 2,921 1974
8
Iguatemi S.A.vemseriguatemi.com.br

A leading full-service provider operating shopping centers, outlets, and mixed-use complexes since 1966 in Brazil, delivering excellence and human touch in every interaction

Retail 🇧🇷 2,729 1966
9
ALLOSallos.com.br

A platform specializing in entertainment, lifestyle, services, and shopping with a focus on creating transformative moments and deepening relationships

Retail 🇧🇷 Rio de Janeiro 2,594 2023
10
Ancar Ivanhoeancar.com.br

Leader in shopping center development and management across Brazil, with a focus on creating unique, quality-driven retail destinations tailored to each location

Retail 🇧🇷 Rio de Janeiro 1,755 1972
11
Algargrupoalgar.com.br

Established in 1929, this entrepreneurial group operates in IT/Telecom, Agro, Services, and Tourism sectors nationwide, providing innovative, sustainable solutions

IT Services and IT Consulting 🇧🇷 Uberlândia 1,583 1930
12
Grupo Marquisegrupomarquise.com.br

Established in 1974 and with over 48 years of experience, this group operates across eight Brazilian states in real estate, infrastructure, environmental services, hospitality, communication, and more

Civil Engineering 🇧🇷 Fortaleza 1,501 1974
13
Multiplan Empreendimentos S.A.multiplan.com.br

Industry leader since 1974 with 19 shopping centers in key Brazilian markets, also investing in residential and commercial developments, integrating living, working, shopping, and leisure

Real Estate 🇧🇷 Rio de Janeiro 1,488 1974
14
Serveng Civilsanserveng.com.br

A national company active since 1954, focusing on construction, energy, mining, and transportation while valuing partnerships, community, environment, and relationships

Construction 🇧🇷 São Paulo 1,133 n/a
15
brMallsallos.co

Innovative platform offering entertainment, lifestyle, services, and shopping experiences With a legacy of 50 years, 62 shopping centers, and a focus on connections and transformations

Retail 🇧🇷 Rio de Janeiro 919 2006
16
Andorinha Hiper Centerandorinhaonline.com.br

A major retailer with 1,300 employees offering a wide range of food products, personalized service, and a shopping center experience, aiming to soar higher in the industry

Retail 🇧🇷 São Paulo 699 1974
17
Flamboyantflamboyant.com.br

A shopping center in operation since 1981, supporting cultural and artistic values, providing unique experiences to make every day better

Retail 🇧🇷 Goiânia 632 1981
18
Grupo Peralta

Large-scale retail-focused business

Retail 🇧🇷 Jaraguá 623 1960
19
Shopping Recifeshoppingrecife.com.br

Established for 40 years in Recife, growing alongside the city and its people A renowned shopping center with over 400 stores and 15 restaurants

Retail 🇧🇷 Recife 619 1980
20
AD Shoppingadshopping.com.br

With 32 years of experience, AD Shopping specializes in developing, planning, marketing, and managing shopping centers, achieving profitability and market reputation

Retail 🇧🇷 São Paulo 582 1991
21
Almeida Junior Shopping Centersalmeidajunior.com.br

Develops shopping centers, offering solutions for consumption, leisure, services, and well-being, aiming to improve quality of life and generate value for stakeholders.

Retail 🇧🇷 São José 553 1980
22
Terral Shopping Centersterral.com.br

Integrated company specialized in developing, managing, and commercializing shopping centers, launching smart ventures with cost rationalization, operating 13 centers in Midwest and Southeast.

Retail 🇧🇷 Goiânia 552 1988
23
Partage Mallspartagemalls.com.br

A leading developer, manager, and commercializer of shopping centers across Brazil, with a strong community focus and a portfolio of 14 operational malls

Retail 🇧🇷 São Paulo 486 2010
24
Supermercado Pinheirosupermercadopinheiro.com.br

A company in Ceará, Brazil, operates supermarkets, cinemas, playgrounds, chopperias, and a shopping center, focusing on strong partnerships and community engagement since 1979

Retail Groceries 🇧🇷 Fortaleza 460 1991
25
Alqiaalqia.com.br

We strive to enhance the management of commercial enterprises, creating value and a positive impact on society by providing exceptional shopping experiences

Retail 🇧🇷 São Paulo 441 2002

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26
General Shopping e Outlets do Brasil S/Ageneralshopping.com.br

Company in Brazil with a significant share in shopping center business, owning and managing 15 shopping centers with a total of 3489 thousand square meters

Retail 🇧🇷 São Paulo 438 n/a
27
Shopping Eldoradoshoppingeldorado.com.br

A shopping center located in São Paulo's Zona Oeste, offering a pleasant environment and diverse options for customers in a high-income area

Retail 🇧🇷 São Paulo 437 1981
28
Shopping RioMar Fortalezariomarfortaleza.com.br

A large shopping center located in Fortaleza, Brazil, opened in 2014 It is the largest in Ceará and 8th largest in Brazil

Retail 🇧🇷 Fortaleza 411 2014
29
Soul Mallssoulmalls.com.br

Development, management, and commercialization of commercial ventures with a focus on sustainable long-term results through professional management and team involvement

Retail 🇧🇷 Rio de Janeiro 365 2017
30
Cidade Center Nortecidadecenternorte.com.br

A multipurpose complex in São Paulo's north zone with shopping, living, exhibition, convention, hotel, and community support facilities

Real Estate 🇧🇷 São Paulo 347 1984
31
Shopping Center Iguatemi Bosqueiguatemibosque.com.br

A shopping center in Fortaleza with over 300 stores offering a complete range of shopping, leisure, and services It prioritizes sustainability through water conservation and waste management

Retail 🇧🇷 Fortaleza 346 1982
32
Grupo JCPMjcpm.com.br

A holding with interests in Shopping Centers, Real Estate, and Communications, operating in five Brazilian states, creating jobs, and supporting social causes

Real Estate 🇧🇷 Recife 343 1935
33
Bougainville Shoppingshoppingbougainville.com

A shopping center located in a prestigious neighborhood in Goiânia, aiming to provide the best experiences for cosmopolitan consumers

Retail 🇧🇷 Goiânia 343 1990
34
Grupo José Alves - Holdinggrupojosealves.com

Diverse group of 11 companies spanning various industries including food & beverages, IT, education, vehicle rental, logistics, and real estate administration

Manufacturing 🇧🇷 Trindade 338 n/a
35
Shopping Guararapesshopping-guararapes.com

A shopping center in Pernambuco with 200 stores, cinema, and various services, focusing on sustainability and community development initiatives

Retail 🇧🇷 Jaboatão dos Guararapes 336 1993
36
Shopping da Bahiashoppingdabahia.com.br

A leading shopping center in Bahia, pioneering in modernization and development, fostering local culture, and offering a diverse mix of stores and entertainment options

Retail 🇧🇷 Salvador 328 1975
37
Aliansce Sonae Shopping Centersallos.com.br

Innovative platform offering entertainment, lifestyle, services, and shopping experiences, connecting people with what matters and inspiring transformation in individuals and businesses

Retail 🇧🇷 Rio de Janeiro 322 2019
38
Salvador Shoppingsalvadorshopping.com.br

Specializing in commercial real estate, it is based in Salvador, Bahia, Brazil and located in Avenida Tancredo Neves

Leasing Non-residential Real Estate 🇧🇷 Salvador 320 2007
39
Manaira Shoppingmanairashopping.com

Largest shopping center in Paraíba and 10th largest in Brazil, offering a complete mix of fashion, entertainment, services, and gastronomy since 1989

Retail 🇧🇷 João Pessoa 320 1989
40
Mega Modamegamoda.com.br

A fashion wholesaler complex in Goiás with over 1,300 stores, offering a wide range of clothing options and attracting over 600,000 visitors monthly

Retail Apparel and Fashion 🇧🇷 Goiânia 317 2011
41
Feira Shopfeirashop.com.br

A collaborative community of retailers, sellers, and consumers in Minas Gerais, offering affordable sales spaces and a wide range of products and services

Retail 🇧🇷 Belo Horizonte 312 1993
42
Rede Niloinstagram.com

A growing retail supermarket chain with over 30 years of experience, multiple locations, a full range of products, nearly 1000 employees, and a strong customer base

Retail 🇧🇷 Barra do Garças 300 1985
43
Condominio Centro Comercial Alphavillecentrocomercial.com.br

A unique retail center with over 1000 establishments, providing a charming and versatile environment for over 42,000 daily customers ISO 9001 certified for quality

Facilities Services 🇧🇷 Barueri 295 1980
44
Shopping Barrashoppingbarra.com

A sophisticated shopping center in Salvador, offering a variety of shops, gourmet dining options, extensive parking, and additional services for a safe and comfortable shopping experience

Leasing Non-residential Real Estate 🇧🇷 Salvador 278 1987
45
Panpantanalshopping.com.br

A marketing and advertising company operating in Brazil, offering business solutions to help clients reach their target audience effectively

Retail 🇧🇷 Cuiaba 245 n/a
46
Grupo Servengserveng.com.br

A national organization operating in construction, energy, mining, and transportation sectors, focusing on strategic partnerships, community commitment, environmental respect, and customer relationships

Construction 🇧🇷 São Paulo 196 n/a
47
Teresina Shoppingteresinashopping.com.br

Influential shopping center in Teresina, fostering cultural, sporting, and artistic events to enhance the city's growth and excellence in various fields

Retail Apparel and Fashion 🇧🇷 Teresina 193 n/a
48
Grupo Statusgrupostatus.com.br

Founded in 2002, the company operates in the real estate market, focusing on architecture, sophistication, and quality in residential developments They also invest in various areas to promote local economic development Their core principle is to develop employees' skills and technical competencies for solid growth and societal contribution They strive for continuous improvement to enhance quality of life and leave a legacy for future generations

Construction 🇧🇷 Belém 187 2002
49
Tenco Shopping Centersgrupotenco.com.br

Develops and manages shopping centers, focusing on regional hubs in the interior of Brazil, creating community and experience centers.

Retail 🇧🇷 Belo Horizonte 185 1988
50
Salvador Norte Shoppingsalvadornorte.com.br

A commercial real estate located in Recife, Brazil, specializing in creating shopping experiences for the local community

Leasing Non-residential Real Estate 🇧🇷 Salvador 182 n/a

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How this list is built

Every company on this list has a Tamtam company profile. The industry is the one the company gives on LinkedIn; categories such as SaaS or fintech are classified by Tamtam's AI from the company's website and LinkedIn page; and the headquarters city must match the company's own address. Companies are ranked by the number of employees on LinkedIn, and the list is refreshed every night. Classifications can be wrong, so treat the list as a starting point rather than an official ranking. Last updated Nov 12, 2026.

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