RBR Asset completes acquisition of Edifício River One

On December 8, RBR Asset disclosed a material fact informing that it had signed the Final Public Deed of Purchase and Sale of Real Estate for the completion and acquisition of 100% of the commercial tower of the River One building.

But on Monday (05), the Fund informed in a Material Fact that with the overcoming of the precedent condition of registration of the institution and specification of building condominium on the Property provided for in the Purchase and Sale Commitment, the Fund disbursed, on this date, the final instalment of BRL 220,000,000.00.

The document also informs that, as of this date, the seller will guarantee the Fund for 15 months, a gross income equivalent to at least 7.0% p.a. on the total amount of R$420,000,000.00 disbursed by the Fund.

According to SiiLA Brasil's 2nd quarter 2021 data, the A+ class development was delivered in May 2021, is located in Marginal Pinheiros and has 23,625 square metres of total private area.