Real Estate

Brazilian private equity firm Hemisfério Sul Investimentos (HSI) sold a 50% stake in GoodStorage, a Brazilian self-storage company, to US asset manager M3 Capital Partners. Rappi, Loggi and B2W are…

Tecnisa, a Brazilian residential property manager, announced a joint venture with H.I.G. Capital to return to real estate market after two years of inactivity in the sector. This represents H.I.G’s first residential real estate deal in Brazil.

Private equity firm Blue Equity executed the first phase for the auction/sale of a resort located in Tulum, Mexico called Mukan, Tulum Sian Ka’an Reserve for an undisclosed amount.

Grupo O’Donnell registered a CKD with a maximum issuance of MXN$2b on the Mexican stock exchange BIVA. The private capital fund will invest in industrial and urban real estate and…

Jaguar invested an undisclosed amount in Bresco, a Brazilian industrial real estate company.  The investment was made through Jaguar’s second Latin American fund, which focuses on investing in real estate-related platforms and companies in key markets.

Investment and real estate platform MIRA plans to invest MXN$4b on mixed-use urban complexes in Queretaro, Mexico City, Mexico state and Monterrey. MIRA invested MXN$4b via its CERPI in 2018.

Thor Equities Group and Thor Urbana, are launching four new projects in Mexico totaling 6m buildable square feet in October and November.  The company is continuing to develop, acquire, reposition and operate commercial, hotel and mixed-use projects in major cities and tourist destinations in Latin America, including the recently acquired Marina Town Center in Puerto Cancún, and the Four Seasons Resort and Residences Caye Chapel, Belize debuting in 2021.

Viver finalized a renegotiation with Jive, with Jive obtaining 33.8% of the Brazilian real estate company for R$297m.  As part of the transaction, Kirton Bank also acquired approximately 6% of Viver. 

a. Paladin Realty exited Brazilian residential real estate developer YOU Inc., selling its 20% stake to YOU Inc. founder Abrão Muszkat for an undisclosed amount. Paladin Realty had previously invested US$40m in 2012.

Latam Logistic Properties, a portfolio company of Jaguar Growth Partners, raised US$77m to further expand operations by offering Class-A warehousing and logistics products in Latin America. The new capital will seek to allow LLP to build or acquire up to 5 million square feet (465,000 square meters) of GLA in Latin America. The investment was structured as a co-investment from new and existing investors.