Vinci Partners announces $69m follow-on offering for shopping mall REIT
Transactions - OCTOBER 3, 2023

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Vinci Partners announces $69m follow-on offering for shopping mall REIT

by Andrea Zander

Vinci Partners Investments has announced the closing of the ninth issue of additional quotas for Vinci Shopping Centers (VISC), a listed shopping mall REIT managed by Vinci Partners’ Real Estate segment.

VISC is Vinci Partners’ first listed REIT and one of the largest in the Brazilian stock exchange. The Fund is focused on income generation through the acquisition of shopping malls across various regions of the country, standing as the most regionally diversified shopping mall REIT in Brazil.

VISC held a follow-on offering comprising both primary and secondary shares with substantial demand from investors, surpassing the volume for the base offering. The offering adds R$305 million ($69 million) in high-quality perpetual capital to Vinci’s assets under management.

“We are thrilled to announce VISC’s follow-on offering, as it represents the reopening for primary issuances for listed REITs in Brazil,” said Leandro Bousquet, partner and head of real est

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