BTG Pactual Real Estate Investment Fund - BTLC11 managed by BTG Pactual Asset Management SA Distribuidora de Títulos e Valores Mobiliários acquired LOG Betim and LOG Salvador from LOG Commercial Properties e Participações S.A. for approximately BRL 510 million.
April 23, 2024
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BTG Pactual Real Estate Investment Fund - BTLC11 managed by BTG Pactual Asset Management SA Distribuidora de Títulos e Valores Mobiliários acquired LOG Betim and LOG Salvador from LOG Commercial Properties e Participações S.A. (BOVESPA:LOGG3) for approximately BRL 510 million on April 19, 2024. The consideration will be paid in two instalments, according to a recent statement.
BTG Pactual Real Estate Investment Fund - BTLC11 managed by BTG Pactual Asset Management SA Distribuidora de Títulos e Valores Mobiliários completed the acquisition of LOG Betim and LOG Salvador from LOG Commercial Properties e Participações S.A. (BOVESPA:LOGG3) on April 19, 2024. Mauricio Negri Paschoa, Gisela Alves de Melo Miranda, Raphael Moreira Espírito Santo of Veirano Advogados acted as legal advisor to BTG Pactual. Andréa Caliento of Lefosse Advogados acted as legla advisor to LOG Salvador SPE, LOG Via Expressa SPE and LOG Commercial Properties e Participações.
Log Commercial Properties E Participacoes SA is a Brazil-based company, which is engaged in the development, construction and leasing of commercial properties, such as objects of logistic sector, homebuilding, industrial and commercial objects and others. The Company is active domestically and abroad in numerous cities, including: Rio de Janeiro, Sao Paulo, Goias, Bahia, Ceara and Parana among others, as well as has a portfolio of more than 1.5 million m2, with projected operations nationwide.
BTG Pactual Real Estate Investment Fund - BTLC11 managed by BTG Pactual Asset Management SA Distribuidora de Títulos e Valores Mobiliários acquired LOG Betim and LOG Salvador from LOG Commercial Properties e Participações S.A. for approximately BRL 510 million.