NEW YORK, Nov. eight, 2018 /PRNewswire/ — Jaguar Development Companions (Jaguar), a privately-held expenditure administration organization specializing in real estate private fairness and credit in global progress marketplaces, declared a sizeable minority expenditure in Bresco, a leading Brazilian industrial real estate firm headquartered in Sao Paulo.
Bresco’s latest portfolio includes five.6 million square toes (523,000 square meters) of Class A, institutional-top quality properties in Brazil, leased to leading multinational tenants these types of as John Deere, Carrefour, Natura & Co, Reckitt Benckiser, Groupe Casino, DHL, Fiat Chrysler Cars and UPS. The firm options to substantially expand its portfolio and will look for to invest much more than $five hundred million more than the subsequent couple of years.
“Bresco has led the way in institutionalizing Brazil’s industrial real estate sector by capitalizing on the strong demand for Class A space among the multinational firms setting up or increasing their presence in this dynamic marketplace,” said Thomas McDonald, Running Lover and Head of Americas at Jaguar Development Companions. “We believe that strong demand for logistics real estate in Brazil, the scalability of Bresco’s thriving business enterprise system and knowledgeable team are powerful parts of this expenditure.”
“We welcome Jaguar’s regional and sector abilities, and glance ahead to benefiting from their strategic support as we look for to expand our portfolio of properties in the coming years,” said Bresco’s CEO, Carlos Betancourt. “We continue to see strong demand for institutional-top quality logistics real estate and are assured that Jaguar will be a worthwhile lover to our progress technique.”
Jaguar’s founders, Gary Garrabrant and Thomas McDonald, have formerly collaborated with Mr. Betancourt on the improvement of a prior firm, Bracor Investimentos Imobiliarios, which was a person of Brazil’s leading corporate assets providers. The divestment of Bracor in 2011 for $one.five billion was the most significant real estate transaction in Brazil at that time.
The Bresco expenditure was made by way of Jaguar’s next Latin American fund, which focuses on investing opportunistically in real estate-linked running platforms and providers in crucial marketplaces. Past Jaguar investments, by way of Jaguar Real Estate Companions I in Latin The us, incorporate LatAm Logistic Houses, Aliansce Buying Centers, Vesta, and Hoteles Metropolis Specific. Jaguar will look for to expand the latest Bresco system by attracting supplemental progress funds by way of co-expenditure.
Final quarter Jaguar declared the choosing of Mario De Barros as Principal and Head of Brazil on the firm’s expenditure team, reinforcing the firm’s lengthy-phrase motivation to the location.
About Jaguar Development Companions
Headquartered in New York with places of work in Sao Paulo and Mexico Metropolis, Jaguar Development Companions is a privately-held expenditure administration organization specializing in real estate private fairness and credit in progress marketplaces globally. Founded in 2013 by Gary Garrabrant and Thomas McDonald, Jaguar invests in and develops scalable real estate running platforms and providers poised to grow in emerging economies characterized by an increasing center-course and attendant consumerism, aspirational youth, urbanization and inefficient accessibility to funds.
Jaguar at present manages two money concentrated on Latin The us and has commenced functions in India to begin with concentrating on significant-produce personal debt expenditure with a technique anticipated in 2019 that will focus on India, China and other leading progress marketplaces in Asia. As in Latin The us, Jaguar will invest across the location, capitalizing on the progress of the center-course, urbanization and other long‐term secular developments that are anticipated to push prospective customers for investing in real estate in these progress marketplaces.
Jaguar is distinguished by an lively expenditure design performing in close collaboration with nearby running partners. Jaguar is a member of the Pension Real Estate Association, Emerging Marketplaces Private Fairness Association, Latin American Private Fairness & Enterprise Capital Association and the Institutional Minimal Companions Association.
Make sure you see www.jaguargrowth.com or @JaguarGrowth for supplemental information and facts.
Bresco is a leading Brazilian industrial real estate firm concentrated on acquisition, sale-leaseback, built-to-match and speculative improvement of course A industrial real estate concentrated on logistics. The company’s latest portfolio is comprised of five.6 million square toes (523,000 square meters). The shareholders are the founding partners of Natura & Co (Luiz Seabra, Guilherme Leal and Pedro Passos), the CEO Carlos Betancourt and Jaguar. Bresco’s purpose is to be a valued and reliable lover to providers and communities and a lover of decision for its clients’ real estate requires. Bresco is a founding member of the Green Building Council in Brazil and a pioneer in inexperienced creating LEED certification in Latin The us supplied that it has designed lots of LEED-accredited “inexperienced structures.” Make sure you see www.bresco.com.br for supplemental information and facts.
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