Zell Continues to Bet on Brazilian Investments
One of the first foreigners to invest in Brazil, US billionaire Sam Zell maintains his bet on Brazilian investments. His latest acquisition includes the controlling stake of Tha Group, specialising in property in Brazil.
Through his investment company Equity International, Sam Zell has a history of interest in investments in Brazil and was one of the first foreigners to include Brazil on the global investment radar. Equity International’s Brazilian investments have to date included a range of companies operating within the Brazilian real estate market.
Expansion Within Brazil
One of the oldest companies in the Brazilian property sector, Tha Group specialises in development and construction of real estate. A spokesperson for the company said that the acquisition by Equity International will give Tha Group a much-welcomed opportunity to grow and expand within different regions of Brazil.
This expansion comes at a time when Brazilian real estate is experiencing strong growth, particularly in areas outside Sao Paulo and Rio de Janeiro. Real estate funds are increasingly interested in these areas and it appears Equity International is setting a trend for equity investment in Brazil.
Equity International has had stakes in shopping malls via BR Malls and commercial property in Brazil through Bracor. Sam Zell’s company has also owned interest in AGV Logistica and in 2011, formed part of Gafisa – one of the largest developers of real estate in Brazil – and Brazilian Finance.
High Performance from Real Estate Funds
The renewed interest from Equity International in property in Brazil comes as no surprise to market observers. Brazilian real estate funds achieved record highs during 2010 and last year also saw exceptional performance by some funds, although the average return of 11.63% was lower than 2010.
This average, however, hides a much higher performance from certain real estate funds in Brazilian. According to the business magazine Exame, the Banco do Brasil’s real estate fund achieved just under 58% for its holders last year. Other successful Brazilian real estate funds in 2011 belonged to Caixa, Brazilian Mortgages and Brazil Capital Real Estate Fund. All achieved returns in the region of 30% to 40%.
For Obelisk International, Sam Zell’s renewed interest in Brazil confirms the country as a top investment destination. “Mr Zell was something of a pioneer in Brazilian investments,” comments Gary Hardacre, CEO of Obelisk International, “and the fact that he’s back shows Brazil still has plenty of potential.” Obelisk International expects to see further big interest in Brazil from foreign investors this year.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
Through his investment company Equity International, Sam Zell has a history of interest in investments in Brazil and was one of the first foreigners to include Brazil on the global investment radar. Equity International’s Brazilian investments have to date included a range of companies operating within the Brazilian real estate market.
Expansion Within Brazil
One of the oldest companies in the Brazilian property sector, Tha Group specialises in development and construction of real estate. A spokesperson for the company said that the acquisition by Equity International will give Tha Group a much-welcomed opportunity to grow and expand within different regions of Brazil.
This expansion comes at a time when Brazilian real estate is experiencing strong growth, particularly in areas outside Sao Paulo and Rio de Janeiro. Real estate funds are increasingly interested in these areas and it appears Equity International is setting a trend for equity investment in Brazil.
Equity International has had stakes in shopping malls via BR Malls and commercial property in Brazil through Bracor. Sam Zell’s company has also owned interest in AGV Logistica and in 2011, formed part of Gafisa – one of the largest developers of real estate in Brazil – and Brazilian Finance.
High Performance from Real Estate Funds
The renewed interest from Equity International in property in Brazil comes as no surprise to market observers. Brazilian real estate funds achieved record highs during 2010 and last year also saw exceptional performance by some funds, although the average return of 11.63% was lower than 2010.
This average, however, hides a much higher performance from certain real estate funds in Brazilian. According to the business magazine Exame, the Banco do Brasil’s real estate fund achieved just under 58% for its holders last year. Other successful Brazilian real estate funds in 2011 belonged to Caixa, Brazilian Mortgages and Brazil Capital Real Estate Fund. All achieved returns in the region of 30% to 40%.
For Obelisk International, Sam Zell’s renewed interest in Brazil confirms the country as a top investment destination. “Mr Zell was something of a pioneer in Brazilian investments,” comments Gary Hardacre, CEO of Obelisk International, “and the fact that he’s back shows Brazil still has plenty of potential.” Obelisk International expects to see further big interest in Brazil from foreign investors this year.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
Labels: Brazil property investment, Brazilian real estate, investing in Brazil, investment in Brazil, investments, Obelisk International
posted by Alison Kane at 10:45 am
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