Industrial stock concentration in the Southeast discussed at Real Estate event promoted by Inter in São Paulo

Inter hosted the 1st Inter Real Estate Day on the morning of Wednesday, the 17th, with panel discussions focusing on the industrial real estate market. Giancarlo Nicastro, CEO of SiiLA, was invited to moderate the first session, which focused on Industrial Properties. Participating in the discussion panel were André Vitória, CFO of Log Commercial Properties, and Mauro Lima, Managing Partner of Inter Asset. 

Giancarlo started the discussion by presenting an overview of the Brazilian industrial real estate sector. "SiiLA's data shows that we currently have 25.5 million square meters of industrial area in Brazil, with a vacancy rate of 10%." "Out of this entire stock, 77% is located in the Southeast region. There is enormous potential for the development of this type of asset across the entire national territory," stated the executive. 

André Vitória also spoke about development opportunities throughout the country, mentioning that Log has already been investing in properties in various regions. "Log is the only company in the sector that operates in all regions of the country. We have always had the perception that there is space and demand throughout the territory," he commented. 

Citing data from the Market Analytics platform, Giancarlo Nicastro made a comparison between the amount of industrial area in the Cajamar region, São Paulo, and the entire Northeast: "Cajamar, which is just one of the 13 regions monitored by SiiLA in São Paulo, currently has nearly 3 million square meters. The entire Northeast has a stock of 2.5 million. The opportunity is significant." 

Throughout the panel, André Vitória stated that he sees development opportunities throughout the country positively. "We look at all regions, except the North, which has some restrictions for new investments. All other regions have significant demand. And I would say that today, in the case of LOG, the Southeast region demands fewer warehouses to be built." 

For Mauro Lima, the entire country has opportunities for acquisition and investment. "We look at Brazil as a whole, and the segment itself, as the name suggests 'logistic,' aims to connect the manufacturer to the consumer, to the depot, etc. That's what the segment is about. Therefore, it doesn't make sense to concentrate everything in one region." 

"In our real estate fund, we have 5 assets in 5 different states. We are also looking at other things in other states," added the Inter Asset executive. 

The event hosted by Inter took place at Baleia Rooftop, located in the B32 complex, on Faria Lima, and featured discussions on other types of assets, such as Multifamily, with Rodrigo Resende from Luggo and André Lucarelli from Brookfield. This was followed by a debate on the topic of Real Estate US/Brazil and Capital Markets.