LOG Commercial Properties has completed the sale of a logistics portfolio for R$1.02 billion to the real estate investment fund Itaú Log CP, in a deal that marks the largest divestment ever carried out by the company and the biggest logistics condominium transaction of 2026 so far. 

According to the material fact, the agreement involves 11 operational assets, totaling 332,800 sqm of owned GLA, and was structured through a property sale commitment combined with the transfer of fund shares.

The average transaction price stands at R$3,065 per sqm, a level close to the book value of the assets, with LOG reporting a gross margin of 33% on the deal. According to SiiLA’s intelligence team, the cap rate for the transaction is 8.4%.

Individual cap rates for each asset can be found directly on SiiLA’s Market Analytics platform.

In an interview with REsource, Rafael Saliba, CFO of LOG, said the transaction will reduce the company’s leverage to its lowest level in five years and help finance its upcoming development projects.

“It [the transaction] has a significant impact on LOG’s capital structure and investment capacity. First, it generates a substantial volume of immediate cash, strengthening our ability to fund our development pipeline planned for 2026. This also puts us in a more comfortable position to execute additional asset recycling throughout the year, both in terms of timing and transaction type,” he said.