Rio Bravo Real Estate Investment Fund (RVBA11) forms a strategic logistics partnership with M3storage

The FII's partnership with M3Storage aims to make the property profitable through the provision of dark store services. The 693 m² space located in the basement of the building was most recently rented by Banco Santander. Under the service contract, M3Storage will offer storage services with the FII as the landlord. The contract will last for 4 years, with an expected end date of February 2027. Rental income will be variable and consist of a percentage of the monthly gross revenue from deposits, ranging from 65% to 100% of the revenue depending on the occupancy performance of the property, according to the FII's announcement. You can learn more about the Rio Bravo Renda Varejo Real Estate Fund (RBVA11) with our FII DATA PRO solution. 

M3Storage Brasil is now present in more than 7 countries and provides secure and monitored spaces with full availability of hours and ideal access for logistics and last-mile retail operations. The company also offers its boxes to individuals who have a demand for space. 

The new operation aims to exploit the potential of the property's location, which has a large flow of cars and pedestrians, as well as proximity to subway and bus corridors. The dark store will leverage the strategic location of the property, which has a structure of lower visibility and openness to the street. 

Understanding the Concept of Dark Stores 

Dark stores are physical spaces dedicated to the storage, sorting, and distribution of products. They serve as support for e-commerce stores, and unlike large distribution centers, they are located in urban centers, making delivery easier and reducing both shipping costs and the time between purchase and delivery of goods. 

Why Brazilian FII’s Are Interested in Dark Stores 

The pandemic has transformed consumption and made online sales even more popular. Along with the demand for deliveries, there has been a growing need to find areas for storing goods with strategic locations that can meet the expectation of reduced delivery times. Dark stores, with their low implementation costs, are attracting the interest of Brazilian FIIs. Unlike the structure required for a logistics warehouse, dark stores take less time to be ready to act as small storage spaces. They have become an alternative for many e-commerce companies and marketplaces that aim to shorten distances and respond to same-day or even 24-hour deliveries. 

In a country of continental dimensions like Brazil, the trend is for dark stores to gain traction, and more spaces for this purpose will be demanded. The shortening of the distances between the location of the products in a given dark storage and the end consumer is an important factor in reducing polluting gases in the atmosphere, making it an ally for companies with strict ESG policies. 

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