On Wednesday, the CEO of SiiLA, Giancarlo Nicastro, joined a panel at the 2022 edition of Epinne EPB, dedicated to specialists from Closed Private Pension Entities in the North and Northeast. 

The event took place in Salvador on August 10th and 11th. The executive moderated the panel "Real estate market trends and their impacts on EFPCs portfolios", which also had the participation of Marcos Vinicius (Head Imobiliário do Safra Asset) and Pedro Daltro (SPX Partner).

To start the conversation, Giancarlo presented data and analysis from SiiLA on the segments of offices, industrial properties, and malls. During the panel, executives addressed issues such as short and long-term macro scenario expectations and their impacts on the real estate industry, real estate funds, and consequences of the pandemic on brick funds (of corporate buildings, cri, logistics, and malls).

The discussion also addressed the issue of the deadline for Closed Private Pension Entities to dispose of direct investments in real estate. A resolution by the National Monetary Council (CMN) determines that EFPCs sell the direct properties of real estate within 12 years or transfer them to real estate funds, which directly impacts the entities' investment portfolio.