CORPORATEBrazil
TRX Real Estate buys two corporate assets in São Paulo for R$ 340 million, with instalments running to 2030
The TRX Real Estate fund (TRXF11) announced on September 14 commitments to buy ten units of Thera Corporate Tower 3, on Berrini avenue, for R$ 249.3 million, sold by Hedge AAA (HAAA11), and the Morumbi Building for R$ 90.9 million, sold by Hedge Office Income (HOFC11), a total of R$ 340.3 million; at Thera, R$ 95.3 million is paid at completion of the fund 13th quota issuance and R$ 154 million falls due on June 12, 2030, indexed to IPCA plus 9.20% a year, and the selling funds shareholder meetings are set for September 21.