BRB and Integral Brei launch R$6 billion FII

The Biotic fund will finance the construction of a smart city inside Brasília.

The development agency will finance the construction of the Biotic smart district in Brasília

09/22/2021

The Biotic real estate fund, one of the largest ever created in Brazil, with estimated final equity of R$ 6 billion, will begin its take-off today. Integral Brei, the company responsible for structuring and managing the vehicle, will start the "roadshow" to present the project - in development for a year - to 40 institutional investors. "Biotic is a new frontier in the segment of real estate funds", says the CEO of Integral Brei, Vitor Bidetti.

The Biotic fund will finance the construction of a smart city inside Brasília. The name refers to the Brasília Technological Park, a project instituted by complementary law 923 of 2017 - Biotic is an acronym for biotechnology, information technology, communications, and research institutes. The 1 million square meter land is owned by Terracap, Brasília's real estate company, a public company owned by the federal and Federal District governments.

Source: Valor Econômico

Read the full story (in Portuguese).

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