Aliansce Shopping Centers

What Aliansce Shopping Centers does

ALLOS (formerly Aliansce Shopping Centers) is Brazil's largest shopping center operator, managing a portfolio of 51 shopping centers containing more than 13,000 retail stores that collectively generated over R$47 billion in total sales. Founded in 2004 and headquartered in Rio de Janeiro, the company owns, develops, and manages retail real estate assets across multiple Brazilian states, serving retail tenants seeking high-traffic physical locations and end consumers seeking integrated shopping, entertainment, and lifestyle experiences under one roof.

The company's product and service architecture is anchored by the ALLOS Platform for shopping center operations, complemented by ALLOSTECH, an innovation platform focused on "figital" (physical + digital) integration that includes a state-of-the-art live-commerce studio enabling tenant broadcasting and digital engagement. Additional service lines include mall commercialization (leasing of retail space), media and advertising sales within centers, real estate development (including mixed-use masterplans such as Parque Dom Pedro), and a formalized ESG platform that has secured first-in-sector recognition on the ISE B3 sustainability index.

ALLOS generates revenue through multiple streams: recurring rental income and tenant leasing agreements across its 51 properties, mall commercialization fees, media and advertising sales, and asset-light fee income from its partnership with Kinea Investimentos managing the Kinea-ALLOS Mall FII, a Brazilian real estate investment fund. The company is publicly listed on B3 (Brazilian stock exchange) and serves three primary customer segments: retail tenants (B2B), end consumers (B2C), and real estate investors accessing the portfolio via fund vehicles.

Name

Aliansce Shopping Centers

Legal name

ALLOS

Website

https://aliansce.com.br

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ALLOS is Brazil's largest shopping center operator, managing 51 malls with 13,000+ retail stores that generated over R$47 billion in total sales. The company leases space to retail tenants, operates the ALLOSTECH figital innovation platform, and manages the Kinea-ALLOS Mall real estate fund.

Ownership category

akta.pro rank

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Shopping Center Operations: Revenue from operating 51 shopping centers, including tenant rents, leases, and commercialization of mall space
2. Mall Commercialization: Commercialization of retail space and advertising/marketing opportunities within shopping centers
3. Media and Advertising: Media sales within shopping centers including digital displays and promotional spaces
4. Real Estate Fund Management: Partnership with Kinea Investimentos to create real estate fund focused on shopping centers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

ALLOS (formerly Aliansce Shopping Centers) owns, operates, and develops 51 shopping centers across Brazil, leasing commercial space to over 13,000 retail tenants. The company provides mall commercialization, in-mall media and advertising services, real estate development for new and expanding shopping centers, and an innovation platform (ALLOSTECH) that enables live-commerce and digital-physical integration for tenants. It also partners with Kinea Investimentos to manage a dedicated shopping center real estate investment fund (FII).

Product overview

ALLOS operates as a unified platform-plus-services architecture for shopping center management in Brazil. The core ALLOS Platform manages 51 shopping centers and 13,000+ stores, generating over R$47 billion in total sales. The portfolio is enhanced by ALLOSTECH for digital innovation, Mall Commercialization for retail space leasing, Media Services for advertising, and Real Estate Development for expansion projects. The ESG Platform provides sustainability governance across all operations. The company also runs social programs like Leitura para Todos and live commerce initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• ALLOS Shopping Center Portfolio Operated platform of 51 shopping centers across Brazil hosting 13,000+ retail stores and generating R$47+ billion in total sales; serves retail tenants and Brazilian consumers seeking shopping, entertainment, lifestyle, and services in integrated environments.
• Mall Commercialization Service Service that commercializes mall space and store locations across the portfolio of 51 shopping centers, connecting retail tenants with prime commercial locations in Brazil.
• Media and Advertising Services Advertising and promotional services within ALLOS shopping centers, enabling brands and retail tenants to reach in-mall consumers through physical and digital media channels.
• Real Estate Development Services Shopping center development and expansion services, including urban development projects such as the Parque Dom Pedro Masterplan that creates an integrated neighborhood connected to the mall.
• ALLOSTECH Innovation Platform Innovation platform that integrates physical shopping center operations with digital commerce and engagement experiences (figital strategy), enabling retail tenants to access digital tools, live-commerce capabilities, and consumer engagement technologies across ALLOS shopping centers.
• ALLOS Live E-commerce Studio State-of-the-art production studio within ALLOS shopping centers that enables retail tenants to broadcast and sell through live e-commerce, supporting their omnichannel sales strategies without requiring proprietary infrastructure investment.
• Kinea-ALLOS Mall FII (Real Estate Investment Fund) Real estate investment fund (FII) focused on shopping centers, created through a strategic partnership between ALLOS and Kinea Investimentos, offering investors professional exposure to Brazilian retail real estate managed by ALLOS.

Quantifiable outcome

• R$47 billion+ in total sales processed through shopping centers
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BR Malls: Brazil's largest dedicated shopping mall company by number of properties, directly competing with ALLOS on tenant leasing, mall commercialization, and consumer footfall across the Brazilian market. Same core business model of operating enclosed shopping centers.
• Multiplan: One of the largest publicly listed shopping center operators in Brazil, directly competing with ALLOS across major Brazilian malls. Highly comparable in business model (mall ownership, tenant leasing, commercialization) and customer base (Brazilian retail tenants and shoppers).
• Iguatemi S.A. Brazilian premium shopping center operator and developer with a portfolio of high-end malls. Direct competitor in the Brazilian mall space with similar business model — leasing retail space to brands and managing consumer-facing destinations.

Broad incumbents

• Kimco Realty: US REIT focused on open-air shopping centers and mixed-use properties. Comparable in retail real estate ownership and tenant leasing, though focuses on grocery-anchored centers rather than enclosed malls like ALLOS.
• Simon Property Group: Largest US shopping mall REIT operating premium malls and outlets globally. Comparable in core business model (mall ownership and tenant leasing) but operates in a more developed retail real estate market and at significantly larger scale.
• Macerich: US REIT focused on owning and operating high-quality regional malls. Similar mall-ownership business model but operates exclusively in the US market with different tenant mix and consumer dynamics.
• Unibail-Rodamco-Westfield (URW): Global operator of flagship 'Westfield' shopping centers across the US, Europe, and beyond. Comparable in operating premium destination malls with digital and media monetization layers, though with geographic and structural market differences from ALLOS.
• Taubman Real Estate Investment Trust: US-based REIT owning and operating premier shopping centers, recently taken private by Simon Property Group. Comparable in operating premium mall assets and tenant leasing, though with a smaller portfolio and US-only footprint.

Regional players

• JHSF Participações: Brazilian luxury real estate developer and operator with shopping center assets (e.g., Shopping Cidade Jardim). Comparable in operating high-end Brazilian shopping destinations and retail real estate development, though with a stronger tilt to luxury hospitality and residential.

Others

• Kinea Investimentos: Brazilian asset manager that is ALLOS's strategic partner for the Kinea-ALLOS Mall FII. Directly tied to ALLOS through the shopping center-focused real estate fund, providing capital and fund management services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@somosallos
• Facebookfacebook.com/somosallos
• LinkedInlinkedin.com/company/aliansce-assessoria-comercial
• Instagraminstagram.com/somosallos
• TikToktiktok.com/@somosallos

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aliansce Shopping Centers