Vinci Partners Real Estate Industrial Development Fund (VFDL) Announces Third Investment | News
RIO DE JANEIRO, Brazil, December 24, 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 third investment for Vinci Fulwood FII (“the Fund” or “VFDL”), the industrial development strategy of Vinci Partners.
VFDL has signed to acquire 50% of the shares in a new development project called “Infinity Business Park” (“the Project”) in Extrema, Minas Gerais state. The team anticipates an investment of R $ 264 million on this project which, together with the two previous investments, will represent approximately 95% of the Fund’s total capital commitments raised to that date. The Fund may use financial alternatives to develop the project in order to achieve a higher return on invested capital and to enable the development of new assets that are currently in the pipeline.
Leandro Bousquet, Partner and Head of Real Estate at Vinci Partners, said: “Our team is very excited to announce the third VFDL project. Due to its proximity to the city of São Paulo, the largest consumer pole in the country, the “Infinity Business Park” is our second investment in the city of Extrema, one of the most important logistics markets in Brazil. We see an extremely cheap market in the region. Our first project in the city is already 30% pre-let a few months before the project delivery date. Extrema currently has almost no vacancies for industrial properties and is a cluster for high-quality tenants such as Magazines Luiza, Mercado Livre, DHL and Johnson & Johnson. “
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
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