After payment of the Deed Installment, HGLG will start receiving monetary income from the rental of the nine logistics warehouses acquired. (Photo: Flávya Pereira/Money Times)
O Patria Log Real Estate Investment Fund (HGLG11) announced the acquisition of nine logistics warehouses in the Log Goiânia I Business Park Condominium, located in Goiânia (GO) through a Private Real Estate Purchase and Sale Instrument. The total purchase price is R$251 million.
The transaction will be made in three installments, the first of which is R$98.5 million in the final deed, which is scheduled for September 27; the second of R$76.6 million to be paid 12 months after the deed; and the last equivalent to R$75.9 million, to be paid on April 30, 2025.
“The value of the Second Installment of the Price includes an update of 2.79% on the base value of the Second Installment of the Price, while the value of the Third Installment of the Price includes an update of 3.70% on the base value”, explains the FII in the document released to the market.
Upon payment of the Deed Installment, HGLG will start receiving monetary revenue from the rental of the nine logistics warehouses acquired in Condomínio Log Goiânia I Business Park. The projected revenue for October is R$1,625,102.10, corresponding to R$0.05 per share.
The property has a Gross Leasable Area (GLA) of 78,223 m² and the average rental value currently in effect at Condomínio Log Goiânia I Business Park is approximately R$20.78/m² of GLA currently occupied in the development.