Tok&Stok may be evicted from Extrema Business Park I

Tok&Stok, represented by Estok Comércio e Representações S.A., is being sued by Fundo Vinci Logística for non-payment of rent for the property "Extrema Business Park I," in Extrema, Minas Gerais.

The announcement came through a Material Fact disclosed by Vinci Logística itself.

The company is the only tenant of the property, and the rent due represents approximately 14% of the Fund's total revenues and 11% of the gross leasable area it owns.

It is important to highlight that the lease agreement has surety insurance with coverage equivalent to 12 current rents, but the execution is subject to guarantees.

According to SiiLA Market Analytics platform, Extrema Business Park I is a class A property, delivered in the third quarter of 2020, and has 66,940 m² of gross leasable area.

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