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Da Vinci real estate fund completes the acquisition of Praia da Costa shopping centre
- The real estate fund paid the first of the four installments of the operation, totaling R$194 million.
By: SiiLA News
09/30/2020 Vinci Shopping Centers (VISC11) announced yesterday (28), in a statement sent to the market, the conclusion of the acquisition process of 98.5% of the Praia da Costa shopping center, in Vila Velha, Espírito Santo.
The real estate fund paid the first of the four installments of the operation, totaling R$194 million with the possibility of an additional installment to be paid in 2025, depending on the achievement of a certain minimum level of NOI (net operating income) between 2021 and 2024.
Cauê Pinheiro, an analyst from Safra, highlighted that the crisis caused by the COVID-19 pandemic led to the renegotiation of the terms of the transaction.
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