Azevedo Sette behind commercial real estate buy in Brazil

Azevedo Sette behind commercial real estate buy in Brazil

Fredrik Karlsson

07 January 2019

Azevedo Sette Advogados has helped Brazilian real estate company LOG acquire a majority stake in a Belo Horizonte commercial property owned by local counterpart BTS Properties.

BTS is thought to have hired Freitas Ferraz Capuruço Braichi Riccio Advogados, but this could not be confirmed prior to publication.

The transaction hands LOG a 91.5% stake in BTS VIII Empreendimentos. BTS keeps the remainder.

The target company holds a commercial unit with a 120-year built-to-suit lease agreement in the outskirts of the city of Belo Horizonte.

BTS specialises in built-to-suit properties, which means it develops purpose-built buildings for tenants.

The deal closed on 22 November for a confidential amount.

Counsel to LOG Commercial Properties e Participações

In-house counsel - Paulo Bruno Von Sperling

Azevedo Sette Advogados

Partner Ana Paula Terra Caldeira and associates Liliane Grazielle de Araújo Campos