Patria Invests Over R$ 251 Million in Industrial Property in the Midwest

This week, Patria announced two major transactions that together totaled R$ 251 million. Both operations are related to the acquisition of LOG Goiânia I, of which 53% belonged to Log CP and 46% to the Real Estate Investment Fund (FII) LGCP11, managed by Log CP with Banco Inter.

The transaction includes 100% of the 78,000 m² industrial park. This class A asset was delivered in 2012 and had its latest expansion completed in 2019.

The disclosed statements refer to a Purchase and Sale Commitment; therefore, the transaction has not yet been completed. The deal is currently undergoing a due diligence period since the signing of the Memorandum of Understanding (MoU).

For the portion owned by Log CP, Patria will invest R$ 135 million for 42,000 m² of GLA. For the portion owned by the FII, R$ 116 million will be paid for 36,000 m².

According to data by SiiLA's Market Analytics platform, if the deal is completed at the stipulated value in the statements, the stabilized CAP RATE will be 7.68%.

As per the material facts, the payment will be made in three installments. The first installment will be 39% of the total value. The second installment, 30%, is scheduled to be paid by April 30, 2025. The third and final installment will cover the remaining 31%.

As of the publication of this news, Patria declined to comment on the matter.

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