Vinci Partners Urban Commercial Properties’ Listed REIT
RIO DE JANEIRO, Brazil, June 30, 2021 (GLOBE NEWSWIRE) – Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners”, “the Company”, “we”, “us” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today that Vinci Imóveis Urbanos FII (VIUR11 ), a publicly traded REIT managed by Vinci Partners’ real estate segment, on its final takeover from the proceeds of its initial public offering (“IPO”), closed in May 2021.
VIUR is a publicly traded REIT with perpetual capital that generates income for its shareholders by acquiring urban commercial real estate in Brazil, including real estate with an emphasis on street retail, food, healthcare and educational activities.
Since going public, the fund has announced five transactions that have fully utilized the proceeds of the IPO in less than thirty days. Three of these transactions were the acquisition of educational campuses leased to private operators in Brazil: (i) 100% of the campus leased to Annexuera Educacional in Campinas, SP; (ii) 100% of the campus rented to Faculdades de Campinas in Campinas, SP; and (iii) 100% of the two campuses rented to Anima Educação in the cities of Canoas and Porto Alegre in the state of Rio Grande do Sul. The Fund also announced the acquisition of 100% of an urban property in São Paulo, SP, and 100% of an urban business center rented to retail company Le Biscuit in São Luis, MA.
Leandro Bousquet, Partner and Head of Real Estate at Vinci Partners, said: “We were able to complete the IPO proceeds allotment in less than a month, which shows the great opportunity we see to put capital into this sector. VIUR’s portfolio now consists of six urban commercial properties in three different regions of the country, diversified according to tenants and business areas. We are constantly evaluating further options and can return to the market with a follow-up offer in order to acquire additional assets. “
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, urban commercial real estate and financial instruments related to real estate. The team also manages opportunistic development funds.
About Vinci Partner
Vinci Partners is a leading alternative investment platform in Brazil founded in 2009. Vinci Partners businesses include private equity, public stocks, real estate, credit, infrastructure, hedge funds, and investment products and solutions, each supported by dedicated investment teams 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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