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Ford Land Shed Project Gets Last License Needed
- Total investments in land acquisition, licenses, and construction work are estimated at R$ 1.3 billion.
12/08/2021
A warehouse project to be built on the plot of land previously owned by Ford in São Bernardo do Campo (SP) got closer to getting off the ground. Yesterday, the project partners - Credit Suisse, BTG Pactual, Construtora São José, and Fram Capital - obtained the license needed to construct the warehouse complex with 450,000 sq meters of gross leasable area (GLA).
Total investments in land acquisition, licenses, and construction work are estimated at R$ 1.3 billion - the land acquisition for R$ 565 million was concluded in November last year. For now, the contributions have been made with partners' resources. The SJAU11 real estate fund, managed by Banco Modal, manages the shareholdings of Credit Suisse and Construtora São José.
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