Multiplan Empreendimentos Imobiliários S.A. (BOVESPA:MULT3) is planning to sell 1 million square metres in real estate assets in order to generate additional profit and improve its cash flow, according to company President Jose Isaac Peres. The assets are mostly in the areas around the company's malls which currently provide little income. Peres notes that the assets have a market value of some BRL 9.50 billion (EUR 2.15 billion/$2.48 billion), and that the plan is to sell them gradually in order to generate a stream of income over the coming years.