GGRC11 buys R$96.4m warehouse as Minas logistics gains pace; see cap rate

The transaction includes guaranteed minimum rent during construction, an uncommon structure in the market, and reinforces the fund’s bet on a logistics hub already occupied by Mercado Livre and Iveco

SUBSCRIBER EXCLUSIVE

Pedro van den Berg, CEO of Zagros, manager of GGRC11’s new asset

By: SiiLA News

06/25/2026

GGRC11 signed this week a purchase and sale agreement with Fulwood for part of the Pouso Alegre Business Park, which is still under construction. The expansion of the asset, located in Minas Gerais, is expected to be completed in the second quarter of 2027, and the portion acquired corresponds to four modules of warehouse 2.

The transaction was valued at R$96.4 million, to be paid through the offsetting of credits for fund shares to Fulwood. After the required precedent conditions are met, the contract is expected to be closed as early as next Monday, June 29.

(Transaction details and cap rate are exclusive to subscribers.)

The first phase of the class A asset was delivered in the first quarter of this year and is fully leased to Iveco and Mercado Livre. One of the protective measures in the acquisition was the adoption of a Guaranteed Minimum Rent, or RMG, of...

Assets in the region

In addition to Pouso Alegre Business Park, the region has two other high-standard developments, CLPA 01 and CLPA 02, or Condomínio Logístico Pouso Alegre, with 8,700 sqm and 9,000 sqm, respectively. The first was delivered in the first quarter of 2021 and the second in the following year. Both have been fully leased since completion to transportation and logistics companies, as well as Mercado Livre, which marks the presence of the e-commerce sector by occupying half of CLPA 02’s area.

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