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BTLA11 Real Estate Fund Invests R$ 333 Million in New Logistics Center in Cajamar with 12-Year Contract with Mercado Livre

Written by Caio Aviz
Published on 04/06/2025 at 12:10
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Logistics Investment Boosts Sector With Warehouse Of 227 Thousand M² And Long-Term Contract

The Real Estate Investment Fund BTLA11 announced on June 2, 2025, the acquisition of a plot of approximately 742 thousand m². The area is located on the Bandeirantes Highway, in the Cajamar (SP) region, and the total value of the transaction was R$ 333 million.

The site will be aimed at the construction of a modern logistics center. The estimated gross leasable area (GLA) of the project is 227.7 thousand m², and the land is already undergoing grading.

Payment Will Be Made In Installments As Construction Progresses

The amount will be disbursed in three installments. The first, of R$ 50 million, will occur at the signing of the deed. Subsequently, an additional R$ 80 million is to be paid within 30 days of this formalization.

The government will adjust the third and final installment, amounting to R$ 202.5 million, according to the IPCA and will link it to the progress of the construction. The financial timeline is aligned with the physical development of the project.

Project Delivery Will Be Divided Into Three Phases By 2027

The signing of the deed is scheduled for June 2025. The construction company will deliver the logistics center in a staggered manner, facilitating the involved companies to progressively occupy the space and plan their operations more efficiently.

The first phase, with 70 thousand m², will be delivered in the first quarter of 2026. The second phase, with 55 thousand m², will be completed in the second quarter of the same year. The third phase, with 103 thousand m², is planned for the first quarter of 2027.

Mercado Livre Signs 12-Year Contract With The BTLA11 Fund

Additionally, the fund not only made the acquisition but also signed contracts for the execution of the works, the project management, and the assignment of the built-to-suit contract with Mercado Livre. Thus, the partnership therefore ensures the occupation of part of the warehouse for a period of 12 years.

This contract model guarantees not only predictability but also continuous returns and asset appreciation for the fund’s shareholders. Furthermore, Mercado Livre reinforces its strategic presence precisely in one of the main logistics hubs in the country.

Fund Strategy Strengthens Brazilian Logistics Real Estate Market

The operation, therefore, reflects BTLA11’s strategy to expand its presence in the logistics sector. Additionally, the decision-makers chose the Cajamar region precisely because they consider it, due to its strategic location, an important distribution hub in the Southeast.

With the investment of R$ 333 million, along with the partnership with a relevant player in e-commerce, the fund thus reaffirms its competitive positioning. Consequently, the phased delivery allows for efficient use of the infrastructure while providing a gradual return on the invested capital.

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Caio Aviz

I write about the offshore market, oil and gas, job opportunities, renewable energy, mining, economy, innovation and interesting facts, technology, geopolitics, government, among other topics. Always seeking daily updates and relevant subjects, I provide rich, substantial, and meaningful content. For content suggestions and feedback, please contact me at: avizzcaio12@gmail.com.

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