Modal and Cy.capital lease a 92,000 sq meters complex through FII

This lease is part of DHL's strategic plan to expand its regional growth.

Cy log Embu is another project under construction by Cy.capital

12/28/2022

The 92,000 sq meter complex, located in Extrema (MG), was fully leased by the German multinational logistics company, DHL Suplly Chain. This lease became the second-largest deal in GLA in the Brazilian logistics market in 2022.

The three warehouses of the Logistics Condominium, still in the execution phase, will be made available for the development and occupation of the DHL Supply Chain.

This lease is part of DHL's strategic plan to expand its regional growth. Its delivery is scheduled for the second half of 2023.

"The leasing is part of our project to build logistics warehouses in relevant regions, seeking to combine a good location, technology, infrastructure, and the ability to identify good opportunities within a fragmented market such as the real estate market. The deal validates our thesis in the sector and the mission of maximizing the profitability of our shareholders and investors", comments the partner and manager of Cy.capital, Bruno Ackermann.

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