Vinci Bets on Shopping Paralela with R$119.8 Million Investment to Expand Stake via New FII

Vinci Compass (Vinci Partners), through its shopping-focused real estate investment fund VISC11, has announced that it will exercise its preemptive right to acquire an additional 25% stake in Shopping Paralela, located in Salvador, Bahia. The investment amounts to R$119.8 million, with a cap rate of 10.1%. Subscribers to the Market Analytics platform can already access the full transaction details.

According to the market statement, the transaction will be carried out through the acquisition of all shares of a new real estate fund to be established, whose sole asset will be Shopping Paralela. Currently, VISC11 holds an 11% stake in the asset; following the transaction, it will hold a 36% stake, both directly and indirectly.

“VISC11’s participation will occur through the acquisition of all shares of a real estate fund to be established prior to the closing of the transaction (‘New FII’), which will consist exclusively of the asset and a payment obligation,” the statement details.

The payment will be made in three installments over 18 months. The first installment, amounting to R$5.1 million, will serve as the reference for monetary adjustment. The second, of R$57.4 million, is due within 12 months after the initial disbursement. The third installment, also R$57.4 million, is scheduled for 18 months after contract signing.

The Vinci Shopping Centers fund (VISC11) holds stakes in assets located across several Brazilian states, including São Paulo, Rio de Janeiro, Pará, and Ceará, among others.