HGLG11 REIT announces the purchase of a 5-asset logistics portfolio valued at R$ 850.7 million

This Wednesday (26), the real estate fund Pátria Log (HGLG11) announced the acquisition of a portfolio containing five logistics assets in a R$ 850.7 million transaction. In total, the operation adds 235.4 thousand sqm of gross leasable area (GLA) to the fund, at an equivalent cost of R$ 3,613 per sqm.

The properties are located across three regions: São Paulo, Espírito Santo, and Minas Gerais. The full sale of Fernão Dias Business Park, CD Privalia, and Porto Canoa Log, in addition to 81% of Parque Logístico Osasco, was carried out by the VILG11 REIT. Betim Business Park was sold by Fullwood.

Payment will be divided into three installments. The first, worth R$ 650.7 million, consists of R$ 603.3 million in share compensation and R$ 47.4 million from the assumption of debt via CRI. The second installment, R$ 120 million, may be settled by December 18, 2026. The third installment, R$ 80 million, is due by December 18, 2027.

While the property does not reach its “contracted income,” the sellers offered a minimum income mechanism of R$ 6.49 million per month, which begins to be paid immediately to HGLG11.

The stabilized cap rate of the transaction was approximately 8.5%.

REsource contacted the company for further information but did not receive a response.