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2 clusters · 5 sources · 3 days · First seen · Last updated

Acquisition proposal for Passeio Corporate complex

Overview

The real estate investment fund BRPR Corporate Offices (BROF11) has received an unsolicited, non-binding proposal for the full acquisition of the Passeio Corporate complex in Rio de Janeiro’s Cinelândia district.

The offer is valued at R$ 760 million, which is notably lower than the property’s recent management valuation of R$ 1.18 billion. The complex consists of three corporate towers with approximately 83,000 square meters of leasable area and maintains a high occupancy rate of over 90%, with Caixa Econômica Federal serving as a primary tenant.

The proposed payment structure involves 70% of the total value at closing, with the remaining 30% paid in three annual installments of 5%, 5%, and 20%, adjusted according to the IPCA inflation index. The fund’s administration is currently evaluating the terms of the proposal.

Entities

Caixa Econômica Federal · Passeio Corporate · Rio de Janeiro · Philippe Coutinho · BRPR Corporate Offices

Timeline

  1. [BUSINESS] 2 sources
    Passeio Corporate complex receives R$ 760 million acquisition proposal

    A R$ 760 million proposal has been made to acquire the Passeio Corporate business complex in Rio de Janeiro, a site housing Caixa Econômica Federal offices.

  2. [BUSINESS] 3 sources
    BRPR Corporate Offices receives R$ 760 million offer for Rio building

    Real estate fund BROF11 received a non-binding R$ 760 million offer for the Edifício Passeio Corporate in Rio de Janeiro, which houses Caixa Econômica Federal.

Sources

ademi.org.br · infomoney.com.br · metroquadrado.com · moneytimes.com.br · nsctotal.com.br