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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, in SP. After being sold for R$850 million to the American warehouse giant Prologis, the Plot of more than 1 million square meters is destined to become a logistics center estimated at an incredible R$2 billion. This change promises to redefine not only the local panorama, but also impact the global logistics and investment market, according to the Revista Isto É website.
The billion-dollar negotiation for the former Ford factory, in SP
The transaction of the former Ford factory, recently concluded, marks a historic turning point 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 close its operations in Brazil in 2019, disposing of several assets, including the factory in São Bernardo do Campo, as well as other locations such as Bahia and Taubaté (SP).
Although the land was used for smaller locations, such as a cell phone antenna, its destination is now grand. A transformation from the former Ford factory to 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 published in the newspaper O Estado de SP, is already causing great expectations in the market.
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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 places 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 Brasil, will take charge of the entire operation in Latin America in 2024, highlights 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 a simple change of landscape. It represents a new chapter in the region's industrial history and promises to boost not only the local economy, but also the global logistics landscape, with Prologis leading this transformation.
