Gaia Impacto Securitizadora’s BRL 5 Million ESG Real Estate Receivables Certificates

TozziniFreire Advogados advised Gaia Impacto Securitizadora S.A. and Magik JC Empreendimentos Imobiliários e Construções Ltda. in the deal.

The offering, valued BRL 5,011,350.00, involved the issuance of ESG Real Estate Receivables Certificates (ESG CRI) by Gaia, a securitization company, backed by a Real Estate Credit Note (CCI), representing a Bank Credit Note issued by MagikJC in favor of Companhia Hipotecária Piratini – CHP.

The principal purpose of this ESG CRI is to finance low-income housing projects in urban centers aimed to be purchased in the Minha Casa Minha Vida and Casa Verde Amarela formats, allowing low-income people to live with dignity, close to the offer of work, to quality basic services and to free leisure.

Also, the social impact of the CRI is related to the (i) donation of meals to homeless people around the projects during the 2 years of construction work; and (ii) offering of a training program in socio-emotional skills for teachers and students of public schools in the surroundings of housing projects, following the choice of residents in the region.

TozziniFreire Advogados’ team was led by Alexei Bonamin (partner; picture) and included Leonardo Braghetto (associate), Gabriel Gragnani (associate), and Daiane Nunes (associate).

Involved fees earner: Alexei Bonamin – Tozzini Freire ; Leonardo Medeiros Braghetto – Tozzini Freire ; Daiane Nunes – Tozzini Freire ; Gabriel Prates Gragnani – Tozzini Freire ;

Law Firms: Tozzini Freire ;

Clients: Gaia Securitizadora SA; Magik JC Empreendimentos Imobiliários e Construções Ltda.;