# 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).

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.

🇧🇷 Brazil · 50 companies · Updated Nov 12, 2026

| # | Company | Industry | Headquarters | Employees | Founded |
|---|---|---|---|---|---|
| 1 | [Grupo Zaffari](https://www.tamtam.ai/c/grupo-zaffari) (grupozaffari.com.br)<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 |  |
| 2 | [Grupo Muffato](https://www.tamtam.ai/c/grupo-muffato) (supermuffato.com.br)<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 Líder](https://www.tamtam.ai/c/grupo-lider) (grupolideronline.com.br)<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 | [JHSF](https://www.tamtam.ai/c/jhsf) (jhsf.com.br)<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 |  |
| 5 | [Grupo Saga](https://www.tamtam.ai/c/grupo-saga) (gruposaga.com.br)<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 | [Mercadocar](https://www.tamtam.ai/c/mercadocar) (mercadocar.com.br)<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 |  |
| 7 | [Sá Cavalcante](https://www.tamtam.ai/c/sa-cavalcante)<br>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.](https://www.tamtam.ai/c/iguatemi-s-a) (vemseriguatemi.com.br)<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 | [ALLOS](https://www.tamtam.ai/c/allos) (allos.com.br)<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 Ivanhoe](https://www.tamtam.ai/c/ancar-ivanhoe) (ancar.com.br)<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 | [Algar](https://www.tamtam.ai/c/algar-uberlandia) (grupoalgar.com.br)<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 Marquise](https://www.tamtam.ai/c/grupo-marquise) (grupomarquise.com.br)<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.](https://www.tamtam.ai/c/multiplan-empreendimentos-s-a) (multiplan.com.br)<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 Civilsan](https://www.tamtam.ai/c/serveng-civilsan) (serveng.com.br)<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 |  |
| 15 | [brMalls](https://www.tamtam.ai/c/brmalls) (allos.co)<br>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 Center](https://www.tamtam.ai/c/andorinha-hiper-center) (andorinhaonline.com.br)<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 | [Flamboyant](https://www.tamtam.ai/c/flamboyant) (flamboyant.com.br)<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](https://www.tamtam.ai/c/grupo-peralta)<br>Large-scale retail-focused business | Retail | 🇧🇷 Jaraguá | 623 | 1960 |
| 19 | [Shopping Recife](https://www.tamtam.ai/c/shopping-recife) (shoppingrecife.com.br)<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 Shopping](https://www.tamtam.ai/c/ad-shopping) (adshopping.com.br)<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 Centers](https://www.tamtam.ai/c/almeida-junior-shopping-centers) (almeidajunior.com.br)<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 Centers](https://www.tamtam.ai/c/terral-shopping-centers) (terral.com.br)<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 Malls](https://www.tamtam.ai/c/partage-malls) (partagemalls.com.br)<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 Pinheiro](https://www.tamtam.ai/c/supermercado-pinheiro) (supermercadopinheiro.com.br)<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 | [Alqia](https://www.tamtam.ai/c/alqia) (alqia.com.br)<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 |
| 26 | [General Shopping e Outlets do Brasil S/A](https://www.tamtam.ai/c/general-shopping-e-outlets-do-brasil-s-a) (generalshopping.com.br)<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 |  |
| 27 | [Shopping Eldorado](https://www.tamtam.ai/c/shopping-eldorado) (shoppingeldorado.com.br)<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 Fortaleza](https://www.tamtam.ai/c/shopping-riomar-fortaleza) (riomarfortaleza.com.br)<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 Malls](https://www.tamtam.ai/c/soul-malls) (soulmalls.com.br)<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 Norte](https://www.tamtam.ai/c/cidade-center-norte) (cidadecenternorte.com.br)<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 Bosque](https://www.tamtam.ai/c/shopping-center-iguatemi-bosque) (iguatemibosque.com.br)<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 JCPM](https://www.tamtam.ai/c/grupo-jcpm) (jcpm.com.br)<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 Shopping](https://www.tamtam.ai/c/bougainville-shopping) (shoppingbougainville.com)<br>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 - Holding](https://www.tamtam.ai/c/grupo-jose-alves-holding) (grupojosealves.com)<br>Diverse group of 11 companies spanning various industries including food & beverages, IT, education, vehicle rental, logistics, and real estate administration | Manufacturing | 🇧🇷 Trindade | 338 |  |
| 35 | [Shopping Guararapes](https://www.tamtam.ai/c/shopping-guararapes) (shopping-guararapes.com)<br>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 Bahia](https://www.tamtam.ai/c/shopping-da-bahia) (shoppingdabahia.com.br)<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 Centers](https://www.tamtam.ai/c/aliansce-sonae-shopping-centers) (allos.com.br)<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 Shopping](https://www.tamtam.ai/c/salvador-shopping) (salvadorshopping.com.br)<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 Shopping](https://www.tamtam.ai/c/manaira-shopping) (manairashopping.com)<br>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 Moda](https://www.tamtam.ai/c/mega-moda) (megamoda.com.br)<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 Shop](https://www.tamtam.ai/c/feira-shop) (feirashop.com.br)<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 Nilo](https://www.tamtam.ai/c/rede-nilo) (instagram.com)<br>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 Alphaville](https://www.tamtam.ai/c/condominio-centro-comercial-alphaville) (centrocomercial.com.br)<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 Barra](https://www.tamtam.ai/c/shopping-barra) (shoppingbarra.com)<br>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 | [Pan](https://www.tamtam.ai/c/pan-cuiaba) (pantanalshopping.com.br)<br>A marketing and advertising company operating in Brazil, offering business solutions to help clients reach their target audience effectively | Retail | 🇧🇷 Cuiaba | 245 |  |
| 46 | [Grupo Serveng](https://www.tamtam.ai/c/grupo-serveng) (serveng.com.br)<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 |  |
| 47 | [Teresina Shopping](https://www.tamtam.ai/c/teresina-shopping) (teresinashopping.com.br)<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 |  |
| 48 | [Grupo Status](https://www.tamtam.ai/c/grupo-status) (grupostatus.com.br)<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 Centers](https://www.tamtam.ai/c/tenco-shopping-centers) (grupotenco.com.br)<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 Shopping](https://www.tamtam.ai/c/salvador-norte-shopping) (salvadornorte.com.br)<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 |  |

## 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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- [Retail chains in Brazil](https://www.tamtam.ai/l/retail-chains-brazil) (1,996)
- [Multinational companies in Brazil](https://www.tamtam.ai/l/multinational-companies-brazil) (1,238)
- [Critical infrastructure operators in Brazil](https://www.tamtam.ai/l/critical-infrastructure-operators-brazil) (1,201)
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- [Retail companies in Brazil](https://www.tamtam.ai/l/retail-companies-brazil) (1,078)
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- [Hospitals and Health Care companies in Brazil](https://www.tamtam.ai/l/hospitals-and-health-care-companies-brazil) (664)
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## The same list elsewhere

- [Shopping centre owners and operators in the world](https://www.tamtam.ai/l/shopping-centre-operators-in-the-world) (642)
- [Shopping centre owners and operators in Latin America](https://www.tamtam.ai/l/shopping-centre-operators-in-latin-america) (82)

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Source: https://www.tamtam.ai/l/shopping-centre-operators-brazil