Macquarie Capital partnership forms Brazil industrial and logistics real estate platform

Brazil’s RB Capital, a subsidiary of ORIX Corp., and Macquarie Capital have formed a new industrial real estate platform to acquire and develop class A industrial real estate in Brazil.

“Given the ongoing fiscal and other reforms, the Brazilian economy is now poised for sustainable economic growth which will drive e-commerce demand in similar ways to what is occurring globally, and this will in turn drive demand for modern industrial logistics facilities,” said Marcelo Michalua, CEO of RB Capital. “We believe that Brazil is materially underserved in modern class A industrial facilities on a global comparative basis. Most of the industrial real estate in Brazil is operator-owned as opposed to investor-owned and this also provides opportunities for sale-leasebacks and other capital solutions for large owners and tenants.”

The proposed platform would be Macquarie Capital’s and RB Capital’s exclusive vehicle to acquire and develop industrial real estate in Brazil. Initial investment opportunities are being evaluated and anticipated to focus on Sao Paulo, Rio de Janeiro and other core metropolitan regions.