TRXF11 signs purchase and sale agreement for a warehouse at CITLOG Sul de Minas for R$ 285 million

The transaction’s stabilized cap rate is approximately 8.32%

Luiz Augusto F. do Amaral, Managing Partner | TRX Investimentos

By: SiiLA News

11/25/2025

Last Friday (21), the investment fund TRXF11 announced the signing of a purchase and sale agreement to acquire a multi-tenant logistics warehouse at the CITLOG Sul de Minas development, for R$ 285 million. The acquisition includes the entire warehouse 6, which has a GLA of 75,500 m², resulting in an acquisition cost of approximately R$ 3,628/m².

Currently, the asset belongs to HEDGE FII, holder of 85% of the property, and to HRE Varginha Empreendimentos Imobiliários, owner of the remaining 15%. Of the total negotiated amount, R$ 242.2 million will be directed to HEDGE and R$ 42.7 million to HRE Varginha.

Payment will be made in two stages: R$ 210 million at the closing date and the remaining R$ 75 million within up to six months after the first installment is paid. The stabilized cap rate of the transaction is approximately 8.32%.

When contacting the stakeholders involved in the transaction, REsource did not receive a response.

CITLOG Sul de Minas

By SiiLA

A class A development located in Varginha (MG), near the Varginha–Elói Mendes highway and the municipal airport, with easy access to the cities of Elói Mendes and Três Corações. With a total area of 186,846 m², the asset has a market value of R$ 24.22/m².

Warehouse 6, acquired by FII TRXF11, features 14 modules occupied by the following tenants: Aspen Farmacêutica, Logati, Daiichi-Sankyo, Magneti Marelli, Libbs and Grupo SC. The property is currently 100% leased.

This complex is one of the main logistics hubs for the pharmaceutical industry in Brazil, concentrating approximately 75,300 m² of area and ranking as the second largest in the category. It is responsible for about 8% of all national distribution.

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