Log Commercial Properties (LOGG3) completed, in 2026, the sale of the LOG Recife II asset to TRX Real Estate Fundo de Investimento Imobiliário (FII), in a total transaction of R$ 210,000,000, equivalent to R$ 4,375 per square meter. According to the company, the amount is in line with net asset value (NAV), resulting in a gross margin of 41% and an internal rate of return (IRR) for the project of 26.1%.
The financial settlement was structured in three installments: 62% of the total paid on the closing date, consisting of R$ 55 million in local currency and R$ 75 million in fund units; 19% of the total in local currency by December 30, 2026, adjusted by IPCA; and 19% of the total in local currency in the 14th month after closing, also adjusted by IPCA.
With the completion of this transaction, Log reported having totaled approximately R$ 1.3 billion in completed sales in 2026, all carried out at book value. The company states that this reinforces its strategy of value creation through asset recycling.
As part of the transaction, Log will remain responsible for the property management of the development, increasing the recurring generation of service revenues and reinforcing its strategy to expand the asset-light model.
