Brazilian Real Estate Investment
Thursday, February 10th, 20112010 was a great year for real estate in Brazil. 2011 promises more of the same on the back of the largest real estate transaction in Brazil in general.
PROSPERITAS, one of the best funds in Brazil, management and private equity company, has just made an investment of R $ 2200000000 (U.S. $ 1,300,000,000) in real estate in Brazil. PROSPERITAS recently 30 Assets of Bracor, an acquired Brazil’s largest real estate companies outsourcing and their real estate portfolio is run by 42 companies in Brazil. Sam Zell, a billionaire property magnate and avid supporter of investments in Brazil, investing in Bracor.
The properties of the Brazilian PROSPERITAS 1 million square feet building purchased. Most companies are real estate with long-term leases. The tenants are IBM, Procter & Gamble and Goodyear, and an annual turnover of tenancies run to R $ 230,000,000. This figure gives a good indication of the dynamic market for commercial property investments in Brazil.
The funds for the largest Brazilian real estate transaction on record came from three sources. The largest PROSPERITAS Investment Fund III, which specializes in investments linked to the Brazilian property market. The purchase of goods Bracor also involved part of the largest banks in Brazil, Banco Bradesco.
PROSPERITAS has big expansion plans for its investments in Brazil. And the recent additions to the portfolio of the Fund has another PROSPERITAS R $ 300,000,000 to invest with real estate most likely will feature in this area.
The investment is another high-profile PROSPERITAS move by private equity funds in Brazil, confirmed the country’s great potential for investment opportunities, especially in real estate. Brazil, the banks also important players in the burgeoning real estate market and mortgage lending by banks is expected to continue growing this year.
The Bank of Brazil currently has a market share of around 20% of the Brazilian real estate market and plans to expand this share in 2011. The Bank of Brazil has resources amounting to approximately R $ 7000000000 euro investment in Brazilian real estate sector and has already reached agreements with 16 major real estate companies operators.
Part of the fund of $ 7000000000 R residential projects within the government-supported program Minha Vida Minha Casa will be dedicated, contributed significantly to the booming property market in Brazil. The Bank intends Minha Vida Minha Casa in Brazil Brazilian projects should earn more than three times the minimum wage to invest.
The Bank of Brazil also plans to attract more mortgage loans this year. According to President should Aldemar Bendini, the volume of loans from the Bank of Brazil for the property approved by Double R 3000000000 $ in 2010 to R $ 6,000,000,000 this year.
Recent acquisitions PROSPERITAS show that there is great interest from investors in Brazil. The dataset $ 2200000000 R also shows there is much scope for investment in real estate in Brazil. Analysts believe that 2011 will be a special year for the Brazilian real estate and investments. Whether it is a public housing project or investing in building materials, the yield potential is plausible higher than ever before.
About Obelisk International: Obelisk International offers selected investment opportunities in Brazil in a number of areas such as residential real estate, construction and housing. Obelisk give investor confidence, profitability and diversity through a combination of the investment strategy needs of our customers and the high quality of its research and analysis.