inVista acquires properties from XPIN11 fund for R$ 94 million; see the CAP RATE and details here

The buyer paid R$ 94 million for two developments in Atibaia

Thiago Leomil, co-founder of inVista

By: SiiLA News

09/26/2024

Last Tuesday (24), the partial sale of two properties belonging to the real estate investment fund XPIN11 from XP Investimentos was announced. The buyer, inVista, spent R$ 94 million for 33 thousand m².

The transaction involved two developments: the Condomínio Empresarial Barão de Mauá and the CEA - Centro Empresarial Atibaia, both located in the Atibaia region, with CAP rates evaluated at 7.72% and 8.43%, respectively.According to the disclosed document, the amount will be paid in two installments: the first, R$ 28.3 million, upon signing the contract, and the second, R$ 66 million, will be paid in five installments of R$ 13.2 million every six months.

Source: Market Analytics

Read more: Unilever Expands Logistics Operations with the Lease of 43,000 m² at Citilog Viracopos: Full Transaction Details

The Developments

The developments are part of the Brazilian Business Park, a complex of industrial properties in São Paulo's interior. The Barão de Mauá Business Park and the Atibaia Business Center (CEA) were delivered in 2010 and are located just meters apart.

The Barão de Mauá Business Park is a class A asset with 127 thousand m² and has a vacancy rate of 11%. Its main tenants are companies in the industrial products sector, such as Acument Global Technologies, Mercedes-Benz, and APS Aircraft Propeller.

Meanwhile, the Atibaia Business Center (CEA) is a class B asset with a 21% vacancy rate in its 48,4 thousand m². Most of its tenants are consumer goods companies, including Smart Modular Technologies and Constanta. Additionally, the development houses companies in the health sciences and industrial products sectors.

Photo: Disclosure

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