Real estate funds buy land to build Mercado Livre distribution centers; Ifix has worst result of the year – Money Times


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The property is expected to be delivered in the third quarter of 2025. (Image: Reuters/Mercado Livre)

Real estate funds HSI Log (HSLG11) e Captaincy Logistics (CPLG11) announced the purchase of two plots of land in the Curitiba region, Paraná, to develop in the style built to suit an undertaking for the Free Market.

The property is expected to be delivered in the third quarter of 2025 and has a gross leasable area (GLA) of 91,890 square meters. The contract is for an initial period of 10 years.

CPLG11 paid R$70.3 million for the largest share of the land, measuring 251,500 square meters. The amount will be paid with the issuance of a Real Estate Receivables Certificate (CRI).

HSLG11 has 92.7 thousand square meters in its portfolio, being traded at R$21.4 million, which will be paid in full with cash on hand.

The contract with Mercado Livre in Paraná is part of the company's strategy to expand its operations in Brazil. In a recent announcement, Mercado Livre's vice president, Fernando Yunes, said that the goal is to expand its operations in Distribution Centers from 10 to 21, expanding coverage to other regions of the country.

Meanwhile, the Real Estate Investment Fund Index (IFIX) closed the day with another drop. This Wednesday (25), the index fell 0.30%, reaching 3,293.73 points — the worst result of the year.

In the month, the IFIX has an accumulated decline of 2.94%, with 18 trading sessions of decline. In the year, the accumulated decline was reversed and the index is down 0.54%.

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The biggest gains and losses of IFIX in the last trading session

Among the positive highlights of IFIX, the XP Industrial (XPIN11) advanced 1.52%, to R$ 39.91. Next, the funds appeared Vinci Offices (VINO11), up 1.20% to R$5.07, and JS Financial Assets (JSAF11), which rose 1.00% to R$93.14.

Bottom Ticker Variation (positive) R$
XP Industrial XPIN11 +1,52% 73,96
Vinci Offices VINO11 +1,20% 5,07
JS Financial Assets JSAF11 +1,00% 93,14
RBR High Grade Performance RBRR11 +0,98% 89,51
Captaincy Shoppings CPSH11 +0,96% 10,48

On the negative end, there was the Rio Bravo Real Estate Investment Fund of Funds (RBFF11), which fell 2.62% to R$57.89. The Vinci Urban Properties (VIUR11) fell 2.03%, quoted at R$ 112.35, while the Real Active TG (TGAR11) depreciated 2.03%, to R$ 112.35.

Bottom Ticker Variation (negative) R$
Rio Bravo Real Estate Investment Fund of Funds RBFF11 -2,62% 57,89
Vinci Urban Properties VIUR11 -2,42% 42,09
Real Active TG TGAR11 -2,03% 112,35
WHG Real Estate WHGR11 -1,79% 9,33
Vinci Logistics VILG11 -1,72% 82,95

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