Fosun’s $140 Million Acquisition of Torre Sucupira


Pinheiro Neto and Stocche Forbes advised on the deal

China-based Fosun Group, Through its brasilian subsidiary Fosun Investimentos (Brasil) Ltda, finalized the purchase of the Torre Sucupira, an office building in Sao Paulo, for $140.1 million (R$440 million).

Torre Sucupira is one the property portfolio of private equity fund managed by HSI Investimentos, which in 2016 paid R$270 million for the building, previously owned by Saul Klein and developed by Odebrecht. Located a few meters from Morumbi Shopping and Market Place Shopping, the Sucupira Tower is a corporate AAA building with 36,602 m² of GLA divided into 24 floors. In its five basements, the building offers 1,001 parking spaces.

Pinheiro Neto advised Fosun with Luciano Rossi (Picture), Sofia Toledo Piza, Martina Zajakoff and Guilherme T. Piza.

Stocche Forbes advised HSI V Fundo de Investimento em Participações with Alexandre Clápis, Flavio Meyer, Teo Galvão and Camila Guimarães.

Involved fees earner: Alexandre Laizo Clápis – Stocche Forbes Advogados; Flavio Meyer – Stocche Forbes Advogados; Teo Silva Galvão – Stocche Forbes Advogados; Camila Hsu Guimarães – Stocche Forbes Advogados; Luciano Garcia Rossi – Pinheiro Neto; Sofia Toledo Piza – Pinheiro Neto; Martina Zajakoff – Pinheiro Neto; Guilherme de Toledo Piza – Pinheiro Neto;

Law Firms: Stocche Forbes Advogados; Pinheiro Neto;

Clients: Fosun International Limited; HSI V Fundo de Investimento em Participações;

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Author: Ambrogio Visconti.