FII Guardian Real Estate (GARE11), formerly known as Guardian Logística (GALG11), signed a commitment, on Monday (25), to purchase the entire portfolio of the Artemis Real Estate Fund, consisting of 21 properties. The value of the deal is 843 million Brazilian riyals.
According to a statement by the fund, the deal includes the acquisition of a logistics warehouse and 20 commercial assets (Urban Income) – representing a total leasable area (GLA) of 140,000 square metres.
“The urban real estate portfolio consists of 11 Grupo Pão de Açúcar stores and 9 Grupo Mateus stores,” the document notes. The text adds: “The largest share of these stores is in the state of São Paulo (33%).”
free
CNPJ of FIIS and stocks
To inform FIIs in IR 2024, it is necessary to include the CNPJ of the Administrator; Download the complete list to make your permit easier
Also according to GARE11 management, the properties acquired have atypical contracts – with a longer duration – and an average duration of 19 years, as shown in the image below:
“This new real estate portfolio significantly expands our ability to accommodate asset sale opportunities while generating a profit for the fund and distributing it to shareholders,” says Gustavo Asdourian, co-founder of the fund. “We already have advanced proposals to sell three of these stores that will join GARE11 at profits of more than 20%,” he reveals.
Last month, the fund announced the sale of a logistics warehouse leased to BRF for R$280 million. The value represents a capital gain of R$71 million or R$0.43 per share.
Continues after ad
Read more:
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.