Bresco, a Sao Paulo, Brazil-based industrial real estate company, received a significant minority investment from Jaguar Growth Partners, an investment management firm specializing in real estate private equity and credit in global growth markets.
The amount of the deal was not disclosed.
Led by CEO Carlos Betancourt, Bresco is an industrial real estate company focused on acquisition, sale-leaseback, built-to-suit and speculative development of class A industrial real estate focused on logistics. The company’s current portfolio includes 5.6 million square feet (523,000 square meters) of Class A, institutional-quality properties in Brazil, leased to multinational tenants such as John Deere, Carrefour, Natura & Co, Reckitt Benckiser, Groupe Casino, DHL, Fiat Chrysler Automobiles and UPS.
The shareholders are the founding partners of Natura & Co (Luiz Seabra, Guilherme Leal and Pedro Passos), the CEO Carlos Betancourt and Jaguar.
The company plans to expand its portfolio and will seek to invest more than $500 million over the next few years.