On Wednesday (10), the real estate investment fund TRXF11 announced, through a material fact, the signing of an investment agreement to acquire approximately 90% of the HIRE11 REIF through the purchase of units totaling R$ 349.5 million. With this transaction, TRXF11 will indirectly own the five logistics warehouses that make up HIRE11’s portfolio.

The acquired assets are: HBR Multipark, HBR Água Chata, Hlog Cabreúva, Hlog Galeão, and CLJ Jaguaré. The transaction adds 107.1 thousand square meters of gross leasable area (GLA) to TRXF11. The stabilized cap rate of the acquisition is 7.67%.

Regarding payment, it will be divided into two stages. The first installment, totaling R$ 234.4 million, will be paid on the contract closing date, with R$ 180.9 million settled through credit compensation and R$ 53.4 million coming from resources raised in the 12th issuance of fund units. The second installment, amounting to R$ 115.1 million, will be paid within up to 12 months after closing.