Log Commercial Properties (LOGG3) reported on Wednesday, August 5, 2026, that it has submitted to CADE the potential sale of the LOG Recife II asset, based on a non-binding memorandum of understanding signed with the real estate fund TRX Real Estate FII. The property, delivered in the fourth quarter of 2024, is located in the metropolitan area of Recife, has a total Gross Leasable Area of 68,575 m² and will be sold for R$ 210 million, an amount equivalent to R$ 4,375 per m², in line with net asset value (NAV).
According to the company, the transaction features a gross margin of 41% and an Internal Rate of Return (IRR) of 26.1% for the project, considering the asset’s full cycle, from land acquisition to monetization. As part of the agreement, LOG will remain responsible for the property management of the development, generating recurring service fee income and reinforcing its strategy of expanding its asset-light model.
Payment will be made in three installments: 62% of the total at closing, consisting of R$ 55 million in cash and R$ 75 million in fund units; 19% in cash by December 30, 2026, adjusted by IPCA; and the final 19% in cash in the 14th month after closing, also adjusted by IPCA. Completion of the deal depends on the fulfillment of standard precedent conditions for this type of transaction and on approval by CADE.
LOG highlighted that this is yet another transaction announced in 2026 and that, since the beginning of the year, it has already reached approximately R$ 1.3 billion in recycled assets, with deals executed at book value. The company states that it will continue to inform shareholders and the market about the next steps in the sale of LOG Recife II.
