Structural Failure Delays Brazilian REIT's Mall Project

Law360, New York (October 31, 2011, 2:43 PM EDT) -- Brazilian real estate investment trust Squarestone Brasil Ltd.'s 333,000-square-foot Golden Square shopping center may not be completed by the third quarter of next year as planned because a large part of its concrete frame failed over the weekend, the company said Monday.

Squarestone, a Sao Paulo-based trust that specializes in Brazilian shopping malls, said an initial investigation of the collapse showed that no workers were present at the Golden Square site or the adjacent property at the time of the incident. The company said the cause...
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