RIO DE JANEIRO, Brazil, September 27, 2021 (GLOBE NEWSWIRE) – Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners”, “we”, “our” or “our”), the company controlling one of the main alternative investment platforms in Brazil, today announced the closing of the seventh issuance of additional quotas for Vinci Shopping Centers FII (“VISC”, “the Fund”), a listed shopping center REIT managed by the Real Estate segment of Vinci Partners.
VISC is a listed REIT with perpetual capital focused on generating income for its quota holders through the acquisition of shopping malls in Brazil. This fundraising adds 364 million reais of perpetual capital to the assets under management (“AUM”) of Vinci Partners in private market strategies.
With the proceeds of the offering, the Fund acquired stakes in four shopping centers through a transaction of R $ 660 million with Ancar Ivanhoé (“the Company”), one of the pioneering companies in the shopping center sector. Brazilian salespeople, reaching full deployment status.
The transaction included (i) a 21.5% stake in Pantanal Shopping, in Cuiabá, Mato Grosso; (ii) 49.0% of the capital of Porto Velho Shopping, in Porto Velho, Rondônia; (iii) 40.0% of the capital of Shopping Boulevard, in Rio de Janeiro, Rio de Janeiro, and (iv) 100% of the capital of North Shopping Maracanaú, in Maracanaú, Ceará.
“This transaction represents an innovation in the Brazilian REIT market,” said Leandro Bousquet, Partner and Head of Real Estate. “We have established a strategic partnership with Ancar Ivonhoé, one of the leading shopping center operators in Brazil, as the Company becomes a relevant quota holder of VISC. The Fund added high quality assets to its portfolio, two new state capitals and the first asset in the Midwest region. After this share issue, VISC becomes the largest shopping center REIT in Brazil by number of assets, with a stake in 19 shopping centers in all regions of the country, and more than R $ 2 billion in net asset value.
About Vinci Partners Immobilier
Vinci Partners’ real estate strategy is mainly 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 centers, industry and logistics, offices, urban commercial properties and financial instruments related to real estate assets. The team also manages opportunistic development funds.
About Vinci Partners
Vinci Partners is one of the leading alternative investment platforms in Brazil, established in 2009. Vinci Partners’ business sectors include private equity, public equities, real estate, credit, infrastructure, funds speculative 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 mergers and acquisitions, or mergers and acquisitions, advisory services for Brazilian mid-market companies. .
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