Blackstone’s R$1.07 Billion Real Estate Acquisition in Brazil
12.11.15
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Simpson Thacher advised Blackstone Real Estate Partners VII (“Blackstone”) on the purchase of ten real estate assets from BR Properties S.A., one of the largest commercial property companies in Brazil, for R$1.07 billion. Initial closing of the transaction was on November 25, 2015. The assets being acquired include warehouses and logistics properties and office buildings. The acquisition represents Blackstone’s fourth real estate investment in Brazil.
The Simpson Thacher team included Grenfel S. Calheiros and Geoffrey Thompson (Corporate – São Paulo); Gregory Ressa and Brandon Greer (Real Estate); and Rajib Chanda and Shannon O’Sullivan (Funds).