LOG Commercial Properties (LOG CP), developer and lessor of logistics warehouses, announced last Wednesday (26) the results for the third quarter of the year.
In the third quarter of the year, the company achieved the best result of the last four quarters in gross absorption, reaching 171 thousand sq meters of leased warehouses. In the year, the number reached 321 thousand sq meters.
In this period, the developer delivered 174.5 thousand sq meters of new logistics warehouse areas, the largest delivery of LOG's assets in a quarter. In the year, it already totals 415 thousand sq meters. Also, according to the balance sheet, stabilized vacancy closed the quarter at 1.73%. Read the full report here.
Present in 18 Brazilian states, in addition to the Federal District and 39 cities, LOG has more than 1 million sq meters of gross leasable area (GLA) built and is implementing the "Todos por 1.5" expansion plan, in which it has committed to more to double in GLA, adding another 1.5 million sq meters to its portfolio by the end of 2024.
In September, SiiLA's editorial staff published an interview with Guilherme Trotta, the company's Commercial Director. Read the full content here.
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