HGLG11 Acquires Asset in Goiás for R$ 251 Million, Expanding Its Reach Into Brazil’s Central-West Region

Log Goiânia I is a 78,000 m² asset with tenants primarily from the Transportation and Logistics sector. Its three main tenants are Solística, occupying 14,000 m², Nova Casa Distribuidora, with 6,500 m², and Cargill, with 6,400 m².  

The development enjoys a strategic location, with direct access to the Presidente João Goulart/Transbrasiliana highway and is next to the Goiânia International Airport – Santa Genoveva.  

"Although it's not an obvious region [...], the proximity to the airport and the current tax benefits of the area are attractive factors for this asset. Of course, we know that these tax benefits could be revoked with the tax reform, but even if that happens, there will be an adjustment period for the economy to adapt to the new rules," says Santos.  

Currently, the Goiânia region has a zero vacancy rate in A+, A, and B-class logistics parks. This low rate is due to the limited stock in the region, only 196,000 m².  

"We see this transaction as a good purchase for HGLG, given the high-quality nature of the asset, which is top-notch and 100% leased, as LOG’s assets usually are," analyzes the Clube Fii analyst.  

She also points out that "this acquisition will represent only 4.7% of HGLG's equity, so a reversal in the market scenario would not pose significant risks to the fund."