Join our mailing list for Real Estate News, Events, Insights & Resources.
Brazil Real Estate Fund Targets $339M to Double Industrial and Logistics Footprint
- The transaction could add 141,000 sqm to the portfolio and strengthen the consolidation of industrial assets along the São Paulo–Minas Gerais corridor
By: SiiLA News
03/10/2026 The inVista Brazilian Business Park FII (IBBP11) announced plans to acquire five logistics condominiums currently owned by XP Industrial FII (XPIN11). The fund has called a shareholders’ meeting to approve — or reject — an investment of approximately R$ 339.1 million.
To fund the acquisition, the FII intends to carry out a new share offering. The plan is to raise R$ 330.8 million through its 5th Ordinary Share Issuance and an additional R$ 152.9 million via a 2nd Senior Share Issuance.
The bylaws also allow part of the capital contribution to be made through the transfer of shares in other FIIs, such as Vinci Logística (VILG11) and XP Log (XPLG11), adding an additional layer of financial structuring to the transaction.
The five assets are located in three cities: two in Atibaia and two in Jarinu, both in the state of São Paulo, and one in Extrema, Minas Gerais.
The portfolio includes Condomínio Barão de Mauá (17,900 sqm), Brazilian Business Park – Gaia Ar (31,700 sqm), Brazilian Business Park – Gaia Terra (34,500 sqm), Centro Empresarial Atibaia (21,400 sqm), and BBP Extrema (35,700 sqm), totaling approximately 141,000 sqm of gross leasable area (GLA).
When reviewing the history of the developments, prior to being sold to their current owners, the assets were developed and initially owned by Brazilian Business Park. Barão de Mauá, for example, was sold in 2010 to BP Properties; in 2014, it was acquired by GLP (now Ares) and, in 2015, by Blackstone. It was only in 2020 that XP’s FII acquired the asset.
The FII
According to its latest report, the FII’s total net asset value stands at R$ 525.2 million. IBBP11 operates through the construction and development of industrial and logistics assets under the Brazilian Business Park platform. It currently holds stakes in the Barão de Mauá, Centro Empresarial Atibaia, Complexo Gaia, Jundiaí I/II, and Extrema/MG properties.
If completed, the acquisition of 141,000 sqm could effectively double the FII’s GLA, as IBBP11 currently holds approximately 125,000 sqm.
ABOUT SiiLA
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
Does the mall still make sense? Sector tries to respond to the rise of e-commerce
05/28/2026Kinea and Brookfield structure joint fund for Brazil’s multifamily market
05/27/2026What Would Brazil’s Industrial Properties Market Look Like Without Mercado Livre, Amazon and Shopee?
05/26/2026LOG enters financial market with new platform for fund management and logistics investments
05/25/2026Investments
Record Growth: 7.9% Vacancy in Northeast Fails to Slow Logistics Expansion
7 Bridges Capital Sees Industrial Property Market as a Primary Investment Target
Market Trends
Real Estate Culture Sets Rio and São Paulo Apart: On the Coast, the View Matters; in São Paulo, Prestige Comes from Location
A 12% Vacancy Rate Marks Balance in Mature Real Estate Markets — Here’s Why
Trusted by Leading Publications
EXCLUSIVE CONTENT
