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Real Estate Briefing - Categorized | Americas, Market Moves more

Brazil’s ‘go-go’ real estate days over

Posted on 15 November 2012

Hemisferio Sul Investimentos, which recently agreed to sell industrial and logistics properties in Brazil for three billion Brazilian reais ($1.5 billion), said Wednesday that the days of easy real-estate deals in the country are over.
HSI, as the Brazil-based real estate private-equity firm is known, on Wednesday said it agreed to sell industrial and logistics assets to Global Logistic Properties Ltd. , a warehouse operator partly owned by the Government of Singapore Investment Corp. The sale includes 35 developments spread through 10 Brazilian states and serving a variety of clients, said Maximo Lima, a founding partner of HSI, in an interview………………………………………..Full Article: Source


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