Globo sells headquarters in SP to fund in Sale & Leaseback operation

FII Vinci Offices signed a commitment to buy and sell 100% of Globo's headquarters in São Paulo in a Sale and Leaseback contract for R$ 522 million, which is equivalent to R$13,669/sq metres according to the statement issued. The complex acquired comprises the tower named Ed. Jornalista Roberto Marinho, three production modules and a support area.

Under the Sale and Leaseback contract, the fund acquires the property, but Globo will remain as the tenant of 100% of the project, guaranteed in an atypical 15-year lease, which may be renewed for another 15 years. The initial lease amount is R$84.67/sq metres annually adjusted by the IPCA.