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For R$ 2 Billion, Former FORD Factory Will Be Transformed Into A Mega Logistics Center In SP

Written by Roberta Souza

Published on 24/01/2024 at 20:08

Updated on 24/01/2024 at 20:57

Automotive

Foto: Reprodução gazetadopovo.com

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The Former Ford Factory, Located in São Bernardo do Campo, SP, Is About to Be Transformed into a Mega Center Valued at Billions of Reais

The transformation is about to begin for the former Ford factory in São Bernardo do Campo, SP. After being sold for R$ 850 million to the American warehouse giant Prologis, the land of over 1 million square meters is set to become a logistics center estimated at an incredible R$ 2 billion. This change promises to redefine not only the local landscape but also impact the global logistics and investment market, according to the website Revista Isto É.

The Billion-Dollar Negotiation for the Former Ford Factory in SP

The transaction of the former Ford factory, recently completed, marks a historic turn for the site, which was mostly owned by the real estate fund SJ AU Logística (75%) and also by BTG Pactual (25%). The sale occurred after Ford decided to end its operations in Brazil in 2019, divesting several assets, including the factory in São Bernardo do Campo, as well as other locations such as Bahia and Taubaté (SP).

Although the land had been used for smaller leases, such as a cell phone tower, its future is now grand. The transformation of the former Ford factory into a large-scale logistics center promises to bring new life to the site, which awaits approval from the Administrative Council for Economic Defense (CADE) for the transaction to be finalized. The news, initially reported in Jornal O Estado de SP, is already generating great anticipation in the market.

ARTICLE CONTINUES BELOW

Prologis: A Global Giant

Prologis, the company responsible for acquiring the logistics warehouse in SP, where the former Ford factory was located, is a powerhouse in the development and management of logistics warehouses, headquartered in San Francisco, California. Its presence in Brazil dates back to 2008, having invested in locations such as Cajamar and established a joint venture with the Canadian group Ivanhoe Cambridge to develop logistics warehouses in the Brazilian market.

The recent announcement that Armando Fregoso, CEO of Prologis Brazil, will take over the entire operation in Latin America in 2024 underscores the commitment and strategic importance of the Brazilian market for the company.

The “metamorphosis” of the former Ford factory in São Bernardo do Campo, SP, into a R$ 2 billion logistics center is more than just a simple change in scenery. It represents a new chapter in the industrial history of the region and promises to boost not only the local economy but also the global logistics landscape, with Prologis leading this transformation.

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Roberta Souza

Author for the Click Petróleo e Gás portal since 2019, responsible for publishing over 8,000 articles that have garnered millions of views, combining technical expertise, clarity, and engagement to inform and connect readers. A Petroleum Engineer with a postgraduate degree in Industrial Unit Commissioning, I also bring practical experience and background in the agribusiness sector, which broadens my perspective and versatility in producing specialized content. I develop content topics, disseminate job opportunities, and create advertising materials tailored for the industry audience. For content suggestions, job vacancy promotion, or advertising proposals, please contact via email: santizatagpc@gmail.com. We do not accept resumes

For R$ 2 Billion, Former FORD Factory Will Be Transformed Into A Mega Logistics Center In SP

The Former Ford Factory, Located in São Bernardo do Campo, SP, Is About to Be Transformed into a Mega Center Valued at Billions of Reais

The Billion-Dollar Negotiation for the Former Ford Factory in SP

Prologis: A Global Giant

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For R$ 2 Billion, Former FORD Factory Will Be Transformed Into A Mega Logistics Center In SP

The Former Ford Factory, Located in São Bernardo do Campo, SP, Is About to Be Transformed into a Mega Center Valued at Billions of Reais

The Billion-Dollar Negotiation for the Former Ford Factory in SP

Prologis: A Global Giant

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

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Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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