BR Properties buys commercial real estate

BR Properties buys commercial real estate

Corporate & Sovereign Strategy Equity M&A Brazil Latin America

Brazilian real estate developer BR Properties said late Wednesday it closed the BRL832 million ($160 million) acquisition of stakes in two commercial real estate properties in São Paulo from real estate investment fund Hemisfério Sul Investimentos. BR Properties acquired 100% of Torre Corporativa B2 Paineira and a 30% stake in Torre Corporativa B3 Jatobá both located in the Condomínio Parque da Cidade complex located in the south-central area of the city, according to a securities filing from th

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