HBR Realty (HBRE3) entered into definitive agreements on Wednesday, November 4, 2026, to sell stakes in four properties to Fundo SPX Portfólio Alfa Fundo de Investimento Imobiliário, managed by SPX Real Estate Gestão de Recursos Ltda. The total value of the transaction is R$ 937.7 million. Closing is expected to occur by November 11, 2026.
The sale covers 20% of Mogi Shopping, 25% of Suzano Shopping, 50% of Patteo Olinda Shopping and 90.9% of Lead Corporate Faria Lima. The transaction follows up on information the company disclosed to the market on August 27, 2025.
Of the total, R$ 562.6 million will be paid in cash by the buyer on the closing date. The remaining R$ 375.1 million will be paid in four successive annual installments of R$ 93.77 million, adjusted for changes in the IPCA (Brazil's National Consumer Price Index, or Índice Nacional de Preços ao Consumidor Amplo). The first installment is due on the first anniversary of the closing date.
According to HBR, the buyer has already raised the funds needed to meet the financial obligations of the transaction. On the closing date, the deferred balance will be deposited into an escrow account, with the sellers as beneficiaries.
The company said the transaction reinforces its active portfolio management strategy and is aligned with its commitment to asset recycling, financial discipline and capital structure optimization.
