Real Estate

FYNSA raised a real estate development fund of one million UF, approximately US$40.5m, that it will use to develop six residential projects in the metropolitan region of Chile.

Mexican private equity fund Beyond Capital presented its new real estate concept, Bloom Residential Tulum, which consists of 95 apartments and more than 40 amenities. The project will begin construction later this year.

SíRenta will develop 4,000 apartments in its Bosque Real complex in Huixquilucan, State of Mexico. Its objective is to invest the 20,000 million pesos that it will obtain in the stock market, from the hand of its controlling shareholder, Alignmex. Last year, the company listed its first Development Capital Certificate (CKD) in the Mexican Stock Exchange (BMV) for 2,000 million pesos.

Choice Hotels Mexico has signed an exclusive multi-unit agreement with SI Operaciones, a Mexican Private Equity fund, to develop 20 new-construction Sleep Inn hotels over the next five years. The agreement is expected to add 2,000 rooms in top markets, like Mexico City, and Guadalajara.

Be Grand, developer of residential housing, placed a CKD for 4,000 million pesos and debt for 1,500 million pesos in the Mexican Stock Exchange. The developer will use the capital to develop more than 5 projects in Mexico City and its metropolitan area.

Jaguar Growth Partner announced the appointment of Mario De Barros as Principal – Head of Brazil on the firm’s investment team.

GP Investments has announced the sale of its stake in the Brazil Hospitality Group (BHG) to GTIS Partners, a US investment company. GP will receive approximately R$150 million for 27.4% of the shares for the transaction, which was based on an enterprise value of BHG of approximately R$900 million.

Fortem Capital, a subsidiary of the IPB Group real estate company, seeks to raise MXN$5,000m via BIVA. Fortem Capital now joins a group of companies, including LIV Capital, Ignia, and Crédito Real, which decided to change their listing to BIVA instead of the BMV.

GITS Brazil Real Estate Fund has been awarded the top ranking most sustainable private equity real estate fund in South America in 2018 by Global Real Estate Sustainability Benchmark (GRESB). …

Jaguar Growth Partners announced the appointment of Jonathan (Jon) Lulu as Chief Capital Officer and a member of the Jaguar Investment Committee.