BBPO11 currently has 64 properties leased to the State Bank in different regions of the country
Wellington Carvalho
FII BB Progressivo II (BBPO11) was created in December 2012 with the proposal to acquire and lease the branches of Banco do Brasil ([assets=BBAS3)butthedaysofexclusivitymaybenumbered[ativo=BBAS3)Masaexclusividadepodeestarcomosdiascontados[الأصول=BBAS3)لكنأيامالتفردقدتكونمعدودة[ativo=BBAS3)Masaexclusividadepodeestarcomosdiascontados
Investors holding more than 5% of portfolio shares suggest relaxing regulations so that the fund rents vacant real estate to any financial institution.
The group asked the BBPO11 official, BV Distribuidora de Títulos e Valores Mobiliários, to convene an Extraordinary General Meeting (AGE) to put the topic under discussion – in a formal consultation.
Among the investors backing the idea is FII Hedge Top FoF 3, which invests in other real estate fund stocks.
Currently, BBPO11 has a portfolio of 64 properties located in different regions of the country. The vacancy rate in the portfolio is 2.94%, according to the latest management report.
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