RBR Asset Development Achieves Unprecedented Certification for Industrial Properties in Brazil
- For the first time, a industrial property in the country has achieved 80 points in the LEED O+M: Existing Buildings (v4.1) classification
In August, RBR Asset's Extrema Business Park Block II secured the groundbreaking LEED Platinum certification, scoring 80 points in LEED O+M: Existing Buildings (v4.1). This marks the first industrial property in Brazil to attain such a level and was recognized for outstanding energy performance, water management, and indoor quality.
The asset is part of the RBR Log fund (RBRL11), the most recent fund to undergo GRESB (Global Real Estate Sustainability Benchmark) assessment. In a statement, the company emphasized it as "a crucial step toward a robust framework for responsible real estate asset management." Explore the certification details and scores at this link.
The asset is situated in Extrema, Minas Gerais, encompassing a total area of 74,573 square meters, leased by the Argentine e-commerce giant, Mercado Livre. The class A logistics complex was delivered in April 2021 and holds a 50% stake in the RBR Asset fund, with the remaining 50% owned by Fulwood.
Extrema Region
The Extrema region in Minas Gerais began gaining prominence in 2020, reaching its peak in 2021 when there was no vacant space. In 2022, the vacancy rate was 5.89%. As of the second quarter of this year, the vacancy rate stood at 1.98%. These figures are sourced from the SiiLA Market Analytics solution, considering assets in classes A+, A, and B. According to the sector's data platform, it is projected that more industrial property areas will be delivered in the region by the end of 2023.
