RBR LOG acquires 50% of development in Franco da Rocha

The other 50% belong to WTorre.

04/09/2021

Last Thursday (01), RBR LOG informed, through a relevant fact, the acquisition of 50% of the development located in Franco da Rocha, in the Cajamar region, the WTLog RBR I. The other 50% belong to WTorre.

Close to São Paulo's capital, Cajamar, stood out as the largest market for logistics warehouses in Brazil, having received distribution centers from large companies such as Mercado Livre, B2W, Amazon, and Leroy Merlin.

The first phase of the project, with 45 thousand square meters, is scheduled for this year. The second phase is scheduled for the first quarter of 2022.

The logistics project will have an estimated built area of around 121,769 square meters and will be the first RBR Log project with LEED certification for portfolio sustainability.

According to the most recent data from the SiiLA platform, the region's asking price is R$19.50 per square meters.

The total amount of the transaction will consist of a fixed component and a variable component. The fixed part is valued at R$ 164,969,591, and the variable component will be determined according to the value of the project's future leases.

Read the full story (in Portuguese).

Latam

Brazil

São Paulo

Industrial

Market Analytics

Transactions

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.