First ESG real estate fund to finance innovation hub in Brasilia

This market is still in its infancy in Brazil, but it will have an exciting uniqueness soon: the first ESG-certified real estate fund.

FII Biotic will explore technology park in Brasilia that will be occupied by startups.

By: SiiLA News

08/24/2020

The financial market is increasingly interested in the ESG agenda, since the adoption of sustainable practices, as well as benefiting societies and the planet, can bring more vigorous financial results for companies. In this context, investments that follow this trend also tend to perform better. This market is still in its infancy in Brazil, but it will have an exciting uniqueness soon: the first ESG-certified real estate fund.

The fund is being structured by the manager Integral Brei and will help raise funds for the development of a technological park in Brasilia, called Biotic. It was conceived as a planned smart city or neighborhood, has an area of 1 million m², and will be a kind of innovation hub.

When completed, its various real estate developments will primarily accommodate startups and other technology companies, which will pay rent to the fund for these spaces. Like any planned neighborhood, the urban occupancy of Biotic will be diverse and will also include residences, businesses, offices, parks, and even universities.

Read the full story (in Portuguese).

Source: Estadão

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