russian version
   Номе | Advertising | Company profile | Contact Us | Site map | We are recommended by
ARENDATOR.RU

Business Centers
Office premises for lease
Office premises for sale
Retail Centers
Retail premises for lease
Retail premises for sale
Advertise your space
Warehouses
Land plots
Industrial premises


News
Analytics
Press

Search:


Яндекс цитирования

  News archive
   News archive

25.02.2014

LP Agrees to Pay $1.36 Billion for Brazil Real Estate

Global Logistic Properties Ltd. (GLP), the real estate development firm partly owned by Singapore’s sovereign-wealth fund, agreed to pay BR Properties SA (BRPR3) 3.18 billion reais ($1.36 billion) for assets in Brazil.

GLP is buying 34 industrial and logistic sheds, according to a regulatory filing today by Sao Paulo-based BR Properties, which said it will use the proceeds to reduce debt. The deal depends on approval from antitrust regulators.

GLP has been investing in Brazil since 2012, when it was part of a group that spent 2.9 billion reais to acquire all the logistics facilities of the private-equity firm Hemisferio Sul Investimentos. Singapore-based GLP said at the time that it was trying to profit from Brazil’s rising consumption rates and demand for distribution facilities.

Grupo BTG Pactual (BBTG11), Latin America’s No. 1 merger adviser, is the biggest shareholder of BR Properties, according to data compiled by Bloomberg.

BR Properties rose 0.6 percent to 17.10 reais in Sao Paulo at 2:17 p.m., while GLP closed unchanged at S$2.80 in Singapore.

BR Properties said the GLP transaction ends a November agreement it had signed with WTGoodman IBP Participacoes SA, a joint venture between Goodman Group and WTorre SA, which had offered to buy the properties for A$1.49 billion ($1.34 billion).

/ Source: Bloomberg



Business Center

  ??????-????? ???????? - Dom na Myasnickoy

Dom na Myasnickoy

  more info


Retail Center

  ???????? ????? - Viktoria

Viktoria

  more info


Warehouse

  A

  more info

© 2003 Arendator.Ru
   E-mail: info@arendator.ru
At full or partial use of materials the reference on Arendator.ru is obligatory.