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Patria expands bet on Bahia industrial properties with multimillion deal

  • G100 and G200 are still under construction; payments will be completed after delivery
Rodrigo Abbud, Partner and Head of Real Estate at Patria Brazil
SUBSCRIBER EXCLUSIVE
Rodrigo Abbud, Partner and Head of Real Estate at Patria Brazil
By: SiiLA News
05/08/2026

Patria completed the acquisition of the remaining 10% stake in the G100 and G200 warehouses at the HGLG Simões Filho logistics complex in Bahia, giving the fund full ownership of the asset. In addition to the warehouses, PMLL11 will also receive land designated for vehicle deceleration access and environmental compensation.

The transaction also includes 15,900 m² allocated for a deceleration lane to facilitate access to the property, as well as another 466,200 m² partially designated for environmental compensation. The agreement was signed with Consul Engenharia, H93 Empreendimento Logístico SPE, and Meta B DI. The built-to-suit logistics complex is currently fully leased to Mercado Livre.

According to the March 2026 management report, the latest available, the 46,000 m² G200 warehouse carries an estimated development cost of R$452 million and is being delivered in three phases. Expected monthly rental income for the fully completed asset is projected at R$5.4 million,...

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