LOG sells LOG Recife II asset to TRX Real Estate FII for R$ 210 million
Bitget2026/09/23 21:07- LOG Commercial Properties completed the sale of its LOG Recife II asset to TRX Real Estate Fundo de Investimento Imobiliário - FII for R$ 210 million.
- Pricing implied R$ 4,375 per square meter, matching NAV; gross margin reached 41% with a project IRR of 26.1%.
- Settlement split into three tranches: 62% at closing, including R$ 55 million cash, R$ 75 million in fund units.
- Remaining 38% due in two IPCA-linked cash installments: 19% by Dec. 30, 2026, 19% in month 14.
- Completed sales in 2026 rose to about R$ 1.3 billion; LOG will keep managing the property, supporting its asset-light strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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