Vinci Partners Real Estate Industrial Development Fund (VFDL) Announces Second Investment | Your money
RIO DE JANEIRO, Brazil, December 08, 2021 (GLOBE NEWSWIRE) – Vinci Partners Investments Ltd. (NASDAQ: VINP) (âVinci Partnersâ, âweâ, âourâ or âourâ), the company controlling a leading alternative investment platform in Brazil, today announced the second investment by Vinci Fulwood FII ( âThe Fundâ or âVFDLâ), the industrial development strategy of Vinci Partners.
VFDL has entered into an agreement for the construction of a new industrial warehouse located in SÃ£o JoÃ£o de Meriti, in the state of Rio de Janeiro. The team expects an investment of R $ 58 million for this development project, which, along with its first investment, represents around 32% of the Fund’s total capital commitments raised to date.
Leandro Bousquet, Partner and Real Estate Manager of Vinci Partners, said: âWe are very happy to announce our second development project for VFDL. Once concluded, this industrial warehouse will be located close to one of the main highways in the state of Rio de Janeiro, one of the most important consumption poles in Brazil and the second largest logistics market in the country. In addition to this project, we have a pipeline of notable investment opportunities, placing VFDL in a unique position to generate the best returns for our sponsors.
About Vinci Partners Immobilier
Vinci Partners’ real estate strategy is primarily focused on the acquisition of core income generating assets through public real estate funds (REITs). Our real estate strategy invests in various sub-strategies including shopping malls, industry and logistics, offices and financial instruments related to real estate assets. The Real Estate segment also manages opportunistic development funds.
About Vinci Partners
Vinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners’ business lines include private equity, public equities, real estate, credit, infrastructure, hedge funds and investment products and solutions, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a financial advisory business, focusing primarily on pre-IPO, or pre-IPO, and M&A, or M&A, advisory services for Brazilian mid-market companies. .
This press release contains forward-looking statements which can be identified by the use of words such as “anticipate”, “believe”, “might”, “expect”, “should”, “plan”, “have the” ‘intention to’, ‘estimate’ and ‘potential’, among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve risks, uncertainties, assumptions and other known and unknown factors, as they relate to events and depend on circumstances that occur. will occur in the future, whether or not it is beyond our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be accurate. The forward-looking statements included herein speak only as of the date of this press release, and we do not undertake to update these forward-looking statements. Past performance does not guarantee or predict future performance. In addition, neither we nor our affiliates, officers, employees and agents assume any obligation to review, update or confirm any expectations or estimates or to issue revisions to forward-looking statements to reflect the events. that occur or circumstances that arise in connection with the content of this press release. Further information about these and other factors that could affect our financial results is included in the documents that we have filed and that we will file with the United States Securities and Exchange Commission from time to time.
US Media Contact Nick Lamplough / Kate Thompson / Katie Villany Joele Frank, Wilkinson Brimmer Katcher +1 (212) 355-4449
Brazil Media contact Danthi ComunicaÃ§Ãµes Carla Azevedo ([email protected]) +55 (21) 3114-0779
Investor contact [email protected] NY: +1 (646) 559-8040 RJ: +55 (21) 2159-6240
Copyright 2021 GlobeNewswire, Inc.