RB Capital and Macquarie Capital Announce Intention to Form New Brazil Industrial and Logistics Real Estate Platform
20 June 2017 - 10:00PM
Business Wire
Brazil’s RB Capital, a subsidiary of ORIX Corporation (TSE:
8591: NYSE: IX), and Macquarie Capital, the corporate advisory,
capital markets and principal investing arm of Macquarie Group
(“Macquarie”) (ASX: MQG: ADR: MQBKY), today announced that they
have agreed to an indicative term sheet to jointly form and
capitalize a new industrial real estate platform to acquire and
develop Class A industrial real estate in Brazil.
The proposed platform would be Macquarie Capital’s and RB
Capital’s exclusive vehicle to acquire and develop industrial real
estate in Brazil. Initial investment opportunities are being
evaluated and anticipated to focus on Sao Paulo, Rio de Janeiro and
other core metropolitan regions. The proposed platform would
combine Macquarie Capital’s deep institutional investor
relationships and proven track record in building real estate
operating platforms with RB Capital’s industrial development and
asset management track-record in Brazil.
The proposed platform would be led by the highly experienced
industrial real estate specialist Thomaz Camargo. Mr. Camargo has
more than 18 years of industrial real estate experience and most
recently co-founded and led RED - a Brazilian real estate
industrial development management and asset management advisory
business (“RED”) – since its establishment in 2010. He has
originated more than US$750M in industrial real estate projects
representing more than 1.6M sqm of project area. Prior to
co-founding RED, Thomaz held various investment roles with Bracor
Investimentos Imobiliarios (Equity International’s Brazil
industrial venture), Hines Brasil (focusing in industrial
investments) and began his career at CBRE where he was Senior
Manager for industrial real estate.
Chris Green, Global Head of Real Estate at Macquarie Capital
said: “We are seeing increasing global investor interest in Brazil
and in particular industrial real estate investment. Consistent
with Macquarie Capital’s global strategy of building industrial
real estate operating platforms, we believe the combination of RB
Capital’s substantial asset management and operational footprint
and Thomaz Camargo’s experience provides the right configuration to
ensure origination and execution success.”
CEO of RB Capital, Marcelo Michalua, said: “Given the ongoing
fiscal and other reforms, the Brazilian economy is now poised for
sustainable economic growth which will drive e-commerce demand in
similar ways to what is occurring globally, and that this will in
turn drive demand for modern industrial logistics facilities. We
believe that Brazil is materially underserved in modern Class A
industrial facilities on a global comparative basis. Most of the
industrial real estate in Brazil is operator-owned as opposed to
investor-owned and this also provides opportunities for
sale-leasebacks and other capital solutions for large owners and
tenants.”
About RB Capital
RB Capital is a Brazilian asset management and capital markets
platform that develops innovative capital solutions in alternative
asset classes. RB Capital currently has R$2.6 billion in AUM,
including approximately R$500 million in class A industrial real
estate in Sao Paulo and Rio de Janeiro and has structured, issued
and placed approximately R$23 billion in mostly structured real
estate credit transactions.
As of December 2016 ORIX Corporation, a leading global
integrated financial services group, acquired a controlling
interest in RB Capital.
To learn more about RB Capital, visit: www.rbcapital.com
About Macquarie and Macquarie Capital
Macquarie Group (Macquarie) is a global provider of banking,
financial, advisory, investment and funds management services.
Macquarie’s main business focus is making returns by providing a
diversified range of services to clients. Macquarie acts on behalf
of institutional, corporate and retail clients and counterparties
around the world. Founded in 1969, Macquarie operates in more than
70 office locations in 28 countries. Macquarie employs
approximately 13,597 people and has assets under management of more
than US$369 billion (as of March 31, 2017).
Macquarie Capital includes Macquarie's corporate advisory,
capital markets and principal investing capabilities, with
expertise spanning a variety of industry sectors including
telecommunications, media, entertainment, financial institutions,
industrials, energy, resources, real estate, infrastructure,
utilities and renewables. The real estate team comprises over 70
executives globally and has raised in excess of US$57 billion of
equity for a large number of real estate ventures. Macquarie
Capital combines its deep real estate expertise with capital and
has invested in a number of real estate operating companies
supporting these groups to expand their platforms.
To learn more about Macquarie, visit: www.macquarie.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170620005329/en/
RB Capital:Bruno Hardt, + 55 11
3127-2828Bruno.hardt@rbcapital.comorMacquarie Capital:Rishi
Sharma, 212-231-0494Rishi.sharma@macquarie.com
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