A GLP Capital Partners (GCP), global leader in alternative asset management, completed the sale of 13 logistics warehouses from its portfolio in Brazil for a total amount of R$ 1,77 billion for BTG Pactual Logistics FII (BTLG11), managed by BTG Gestora
This is the largest transaction of logistics assets in the history of Real Estate Investment Funds (FII), according to data from the real estate consultancy SiiLA
GCP continues with its successful monetization strategy aimed at recycling capital for its investors. In the last four years, the company was at the forefront of negotiations totaling more than R$ 6 billion in assets sold.
The 13 real estate assets total 542 thousand square meters of gross leasable area (GLA) and the properties are predominantly located within a radius of up to 60 km from the city of São Paulo, besides the states of Pernambuco and Rio de Janeiro.
"We are committed to generating value for our investors", optimizing returns through capital recycling. The sale of these assets demonstrates the quality of our investment platform and our ability to acquire, manage and create value in the asset portfolio, says Mauro Dias, president of GLP Capital Partners in Brazil.
"Our capital recycling plan is aligned with the goals of investors and we have a track record of growth that spans years of market leadership in Brazil". We are following our investment plans, that already total about R$ 16 billion since the beginning of operations in the country, adds Ricardo Antoneli, Investment Director at GLP Capital Partners in Brazil
