Vinci Partners Real Estate Industrial Development Fund (VFDL) Announces Second Investment | News
RIO DE JANEIRO, Brazil, Dec 08, 2021 (GLOBE NEWSWIRE) – Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners”, “we”, “us” or “our”), the controlling company of a leading alternative investment platform in Brazil, today announced the second investment for Vinci Fulwood FII (“the Fund” or “VFDL”), the industrial development strategy of Vinci Partners.
VFDL has reached an agreement to build a new industrial warehouse in São João de Meriti in the state of Rio de Janeiro. The team expects an investment of R $ 58 million for this development project, which together with the initial investment will account for approximately 32% of the fund’s total capital commitments raised to date.
Leandro Bousquet, Partner and Head of Real Estate at Vinci Partners, said: “We are very pleased to announce our second development project for VFDL. When completed, this industrial warehouse will be located near one of the main thoroughfares in the state of Rio de Janeiro, one of the most important consumer hubs in Brazil and the second largest logistics market in the country. In addition to this project, we have a pipeline of remarkable investment opportunities that place VFDL in a unique position to deliver the best returns for our limited partners. ”
About Vinci Partners Real Estate
Vinci Partners’ real estate strategy is primarily focused on acquiring core income generating assets through public real estate funds (REITs). Our real estate strategy invests in various sub-strategies including shopping malls, industry and logistics, offices and financial instruments related to real estate. The real estate segment also manages opportunistic development funds.
About Vinci Partner
Vinci Partners is a leading alternative investment platform in Brazil that was founded in 2009 with an independent investment committee and decision-making process. We also have a financial advisory business that mainly focuses on Pre-Initial Public Offering or Pre-IPO and Merger & Acquisition or M&A advice for Brazilian medium-sized companies.
Forward-Looking Statements
This press release contains forward-looking statements that can be identified by the use of words such as “anticipate”, “believe”, “could”, “expect”, “should”, “plan”, “intend”, “estimate”. and “Potential” among others. By their very nature, forward-looking statements are subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors as they relate to events and depend on circumstances that will occur in the future, whether or not they are beyond our control . Such factors could cause actual results, performance or developments to differ materially from those expressed or implied in such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements contained herein speak only as of the date of this press release and we assume no obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. In addition, neither we nor our affiliates, officers, employees or agents have any obligation to review, update or confirm any expectations or estimates, or to revise any forward-looking statements to reflect events or circumstances that arise with respect to the contents of this press release . For more information about these and other factors that could affect our financial results, please refer to our filings and filings with the United States Securities and Exchange Commission from time to time.
USA media contact Nick Lamplough / Kate Thompson / Katie Villany Joele Frank, Wilkinson Brimmer Katcher +1 (212) 355-4449
Brazil media contact Danthi Comunicações Carla Azevedo ([email protected]) +55 (21) 3114-0779
Investor Contact [email protected] NY: +1 (646) 559-8040 RJ: +55 (21) 2159-6240
Copyright 2021 GlobeNewswire, Inc.