XP Log (XPLG11), a Real Estate Investment Fund (REIT) of XP Investimentos, kicked off October by announcing its new acquisition in Piracicaba for BRL 201 million. The purchase of the Condomínio Logístico Piracicaba was formalized through the signing of the Purchase and Sale Agreement (ECV) with Célula Empreendimentos e Administração de Bens. 

According to market intelligence team SiiLA, the transaction has a stabilized Cap Rate of 8.22%. Subscribers to the Market Analytics platform can access full transaction and property details.  

The announcement states that the payment for the A+ class asset was split into two parts: BRL 28 million paid upfront, and the remaining BRL 173 million settled through 1.5 million quotas from its seventh issuance.  

The FII also emphasized in the document that the transaction aligns with its investment policy, which aims to acquire logistics properties in strategic locations with high technical standards.  

XP Log’s portfolio includes stakes in various industrial developments, such as the A+ class Centro Logístico Cajamar, the A class Syslog Galeão - Duque de Caxias, and the A+ class XPLog Seropédica.