Log signs an agreement to sell its stakes in five warehouses

Together, the total assets GLA (Gross Leasable Area) of 48,404 square meters.

Log signs agreement to sell its stake in five warehouses for R$ 146 million to a fund of Banco Inter

By: SiiLA News

09/17/2020

Log Commercial Properties (LOGG3) celebrated the acquisition and sales promises with Banco Inter’s real estate fund LogCP Inter (LGCP11) (BIDI11), for the sale of a minority stake in five logistical warehouses (LOG Goiânia, LOG Viana, LOG Contagem I, LOG Rio and LOG Gaiolli) for R$146 million, shows a relevant fact sent to the market this Tuesday (15).

Together, the total assets GLA (Gross Leasable Area) of 48,404 square meters. The average amount paid for GLA was R$3 thousand. The warehouses are located in the states of Goiás, Minas Gerais, Rio de Janeiro, Espírito Santo, and São Paulo.

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Source: Money Times

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