The A+ class industrial complex is located in Contagem, in the state of Minas Gerais. It spans a total area of 70,1 thousand m² and features a floor with a capacity of 6 tons per square meter, natural lighting with translucent roofing, a fire protection system with sprinklers, installed pallet racking, LED lighting, and support areas such as a security gate with access control, CCTV, 24-hour security, truck parking, changing rooms, a driver’s support building, a kitchen, a cafeteria, and a generator for common areas, among other amenities.

The market value of the property is estimated at R$ 24.84 /m², with 90% occupancy expected by the end of Q3 2024. Tenants of the space include Magalu and Grupo Hidrau Torque.

With the departure of Americanas, the vacancy rate of the property is expected to rise to 21.73%. However, Bresco has confirmed that there are interested parties looking to lease the available spaces. In recent weeks, Bunzl has leased two modules, bringing the property’s occupancy rate to 100%.

According to data from SiiLA’s Market Analytics platform, Americanas occupies 11 properties, the majority of which are A+ and A class. The total leased area amounts to 489,5 thousand m². Despite the ongoing crisis, Americanas remains the third-largest tenant in terms of leased area among Customer Good, ahead of Shopee, Shein and Magalu, and behind Mercado Livre and Amazon, as indicated by the research.

Last year, Bresco reported that TW Transporte e Logística would terminate its lease at the Bresco Canoas property in Rio Grande do Sul. With a lease contract set to expire in October 2024, the termination left over 11,000 m² vacant, representing 35.5% of the property's GLA. Three other lease terminations occurred in 2023. In addition to TW Transporte, MagaLu vacated the property but later returned after a six-month notice period. Other departures included GPA and Carrefour.

• Learn more: Bresco reports tenant departure representing 3% of BRCO11 Fund’s GLA; understand more