ALZR11 Updates Rent Adjustments; Completes Asset Sales and Acquisitions in Brazil
ALZR11 announced a 4.1% rental adjustment for the Scala/RS Data Center, with 90% of its portfolio updated. The fund generated R$ 15.7 million from the sale of the BTLG Campinas asset and R$ 560.5 million from two property sales, while also completing a 20% acquisition in ParkShopping São Caetano and approving a share issuance targeting up to R$ 2 billion. Additionally, the funds were included in the FTSE EPRA Nareit Global Emerging Index, expanding their investor base.
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The ALZR11 fund reported a 4.1% rental adjustment for the Scala/RS Data Center, with 90% of its property portfolio updated. The fund received R$ 15.7 million from the sale of the BTLG Campinas asset, generating a profit of R$ 4.4 million.
Additionally, R$ 560.5 million was received from the complete sale of two properties, resulting in an approximate profit of R$ 27 million. The fund finalized a 20% acquisition in ParkShopping São Caetano, with details to follow.
The 6th issuance of shares was approved, targeting up to R$ 2 billion. The IRDM11 fund reported a share amortization that will result in 150,256 fractions sold via auction. The JSRE11 fund completed a structured operation involving a 39% stake in Tower Bridge.
The fund also received early repayment of R$ 205.9 million from the CRI WT Morumbi, including a prepayment premium. Other acquisitions include a retail property in Rio de Janeiro and an indirect stake in Midway Mall, enhancing monthly results. The funds were included in the FTSE EPRA Nareit Global Emerging Index, broadening their investor base.
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