April 16, 2013
BTG Pactual has closed a BRL1.01bn ($505m) real estate fund – Fundo de Inve
BTG Pactual has closed a BRL1.01bn ($505m) real estate fund – Fundo de Investimento Imobiliario (FII) – which will acquire office properties it says. The FII TB Office fund will at first focus on the Edificio Tower Bridge Corporate building in Sao Paulo, according to a prospectus, but may acquire other similar properties. The transaction is expected to be allocated this week. BTG is the administrator and coordinator on the sale, along with Banco do Brasil, Citi and Santander.