GLP Capital Partners Completes Sale of 13 Logistics Assets to BTG Pactual for R$1.77 billion

SAO PAULO, October 17, 2024 – GLP Capital Partners (“GCP”), a leading global alternative asset manager, has concluded the sale of 13 logistics assets from its portfolio in Brazil for a total of R$1.77 billion to BTG Pactual Logistica FI Imobiliario (“BTLG11”) managed by BTG Pactual.

According to data from SiiLA, this is the largest logistics real estate transaction in the B-REIT market and continues GCP’s track record of successful asset monetization and capital recycling. The company has completed over R$6 billion of strategic divestments over the last four years.

The portfolio of 13 assets total 542,000 SQM of gross leasable area (GLA), and the properties are predominantly located within a 60 km radius of Sao Paulo, as well as in the states of Pernambuco and Rio de Janeiro.

“We are committed to generating value for our investors by maximizing returns through capital recycling. The sale of these assets demonstrates the quality of our investment platform and our ability to acquire, manage, and enhance the value of our asset portfolio,” said Mauro Dias, President of GLP Capital Partners in Brazil.

“Our capital recycling plan is closely aligned with investor goals, and we have a proven track record of growth that spans years of market leadership in Brazil. We continue to execute on our proven investment strategies, allocating over R$16 billion since the start of our operations in the country,” adds Ricardo Antoneli, SVP, Investments at GLP Capital Partners in Brazil.

About GLP Capital Partners

GLP Capital Partners (“GCP”) is a leading global alternative asset manager that focuses on thematic investing across real assets and private equity. GCP has a strong history of leadership in high-growth Asian markets and a track record of success at scale in the US, Europe and Brazil. GCP is the exclusive investment and asset manager of GLP Pte Ltd. To learn more about GCP, please visit www.gcp.com.