Prologis’ $362 Million Acquisition of its Partner’s Interest in Brazil Portfolio


TozziniFreire, Shearman & Sterling and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the deal

Prologis, Inc. has entered into an agreement to acquire its partner’s interest in its Brazil portfolio for R$1.2 billion (US$362 million). Upon close of the transaction, Prologis will own 100% of Prologis CCP and rename the business to Prologis Brazil.

The transaction is subject to customary closing conditions, including applicable regulatory approvals, and is expected to close in the second half of 2017.

Prologis CCP is a joint venture between Prologis and Cyrela Commercial Properties. Prologis CCP is one of the leading providers of industrial real estate in Brazil’s primary markets and currently owns and operates approximately 8.8 million square feet (0.82 million square meters).

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 678 million square feet (63 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfillment.

TozziniFreire advised Prologis Inc. with Vladimir Miranda Abreu (Picture) Tatiana Lins Cruz, Jacques Abi Ghosn, Guilherme Costa Siqueira and Luciana dos Santos Martorano.

Shearman & Sterling LLP advised Cyrela Commercial Properties S.A. with Jonathan Kellner, Filipe Lima and Thomas Ayres.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Cyrela Commercial Properties S.A. with Fernando Amendola, Andrea Bazzo Lauletta, Rossana Fernandes Duarte, Cristina Rangel Maciel, Juliana Katsue Motinaga Sato, Giovanna Camargo e Orru, Manoela Vargas Nunes Dias and Janaína de Cássia Gomes Vargas.

Involved fees earner: Vladimir Miranda Abreu – Tozzini Freire ; Tatiana Lins Cruz – Tozzini Freire ; Luciana dos Santos Martorano – Tozzini Freire ; Jacques Abi Ghosn – Tozzini Freire ; Fernando Amendola – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Cristina Rangel Maciel – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Juliana Katsue Motinaga Sato – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Giovanna Camargo e Orru – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Andréa Bazzo Lauletta – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Rossana Fernandes Duarte – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Jonathan Kellner – Shearman & Sterling; Filipe Lima – Shearman & Sterling;

Law Firms: Tozzini Freire ; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Shearman & Sterling;

Clients: Prologis; Cyrela Commercial Properties S.A.;

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Author: Ambrogio Visconti.