Vinci Partners Real Estate Industrial Development Fund (VFDL) Announces First Capital Deployment

Rhea-AI Summary

Vinci Partners has announced its first acquisition for Vinci Fulwood FII (VFDL), acquiring a 30% stake in the development of Extrema Business Park – Block III, located in Extrema, Minas Gerais. This acquisition represents approximately 20% of VFDL's initial capital raise of R$ 381 million in March 2021, with plans to raise up to R$ 800 million. The site boasts strategic logistic advantages due to its proximity to São Paulo, reinforcing its value in the industrial property sector.

Positive

• Acquisition of 30% stake in Extrema Business Park, enhancing portfolio.
• Strategically located near São Paulo, providing logistical advantages.
• Deployment of 20% of initial capital raise supporting growth strategy.

Negative

• None.

RIO DE JANEIRO, Brazil, April 29, 2021 (GLOBE NEWSWIRE) -- Vinci Partners Investments Ltd. ("Vinci Partners, "the Company," "we," "us," or "our"), the controlling company of a leading alternative investment platform in Brazil, announced today the first acquisition for Vinci Fulwood FII, or VFDL, Vinci Partners’ Real Estate new industrial development strategy.

VFDL has closed the acquisition of a 30% stake in a development project for the new industrial site “Extrema Business Park – Block III”, located in the city of Extrema, Minas Gerais. With this acquisition, the fund has deployed approximately 20% of its first capital raising in March 2021, which totaled R$ 381 million in capital commitments. The strategy aims to raise up to R$800 million through additional offerings.

Leandro Bousquet, partner and Head of Real Estate for Vinci Partners, said, “We completed the acquisition of a one-of-a-kind project for industrial properties. “Extrema Business Park – Block III” is located close to one of the most demanded logistic locations in Brazil, with direct access to São Paulo, the biggest consumption market in Brazil. The other two blocks are fully leased to excellent profile tenants, reassuring the quality of the project. This is the first acquisition of what we believe to be an excellent group of assets we have in the pipeline for VFDL.”

About Vinci Partners Real Estate

Vinci Partners’ Real Estate strategy is primarily focused on the acquisition of core, income-generating assets through public real estate funds (REITs). Our Real Estate strategy invests across various sub-strategies including shopping malls, industrial and logistics, offices, and financial instruments related to real estate assets. The Real Estate segment also manages opportunistic development funds.

About Vinci Partners

Vinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners' business segments include private equity, public equities, real estate, credit, infrastructure, hedge funds, and investment products and solutions, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a financial advisory business, focusing mostly on pre-initial public offering, or pre-IPO, and merger and acquisition, or M&A, advisory services for Brazilian middle-market companies.

Forward-Looking Statements

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USA Media Contact
Nick Lamplough / Kate Thompson / Katie Villany
Joele Frank, Wilkinson Brimmer Katcher
+1 (212) 355-4449

Brazil Media Contact
Danthi Comunicações
Carla Azevedo (carla@danthicomunicacoes.com.br)
+55 (21) 3114-0779

Investor Contact
ShareholderRelations@vincipartners.com
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240

FAQ

What recent acquisition did Vinci Partners announce for VFDL?

Vinci Partners announced the acquisition of a 30% stake in the Extrema Business Park – Block III.

How much capital has VFDL raised in its initial offering?

VFDL raised R$ 381 million in capital commitments during its initial offering in March 2021.

What is the future capital raise target for Vinci Fulwood FII?

Vinci Fulwood FII aims to raise up to R$ 800 million through additional offerings.

What are the logistic advantages of the Extrema Business Park?

The Extrema Business Park is strategically located near São Paulo, the largest consumption market in Brazil.

What percentage of the initial capital raise has been deployed in the acquisition?

Approximately 20% of the initial capital raise has been deployed in the acquisition of the Extrema Business Park.