Investing
GARE11 FII Acquires R$119.8M Carrefour Warehouse, Focuses on Logistics Portfolio Rebalance
GARE11 FII Acquires R$119.8M Carrefour Warehouse, Focuses on Logistics Portfolio Rebalance

The Fundo de Investimento Imobiliário Guardian Real Estate (GARE11) has concluded the R$119.81 million acquisition of a strategic logistics warehouse in Itapevi, São Paulo, a move the fund manager cited as having the *potential* for a high weighted average return over the next five years, *though this is not guaranteed*. The acquisition, detailed in a *fato relevante* released this week, is a core-asset play: the facility is 100% leased to Grupo Carrefour, serving as a critical supply center for the retailer’s network across the state of São Paulo. The anticipated yield is expected to surpass the fund’s current dividend guidance of R$0.083 per quota.
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