Vinci Partners Investments raises capital for shopping mall REIT

Vinci Partners Investments has closed the seventh issue of additional quotas for Vinci Shopping Centers FII (VISC), a seventh issue of additional quotas for Vinci Shopping Centers FII.

VISC is a perpetual capital listed REIT, focused on income generation to its quotaholders through the acquisition of shopping malls in Brazil. This fundraise adds R$364 million ($67 million) of perpetual capital to Vinci Partners’ assets under management in private market strategies.

With the offering’s proceeds, the fund has acquired stakes in four shopping malls through a R$660 million ($122 million) transaction with Ancar Ivanhoé, one of the pioneer companies in the Brazilian shopping mall sector, reaching full deployment status.

The transaction comprised a 21.5 percent stake in Pantanal Shopping in Cuiabá, Mato Grosso; a 49 percent stake in Porto Velho Shopping in Porto Velho, Rondônia; a 40 percent stake in Shopping Boulevard in Rio de Janeiro; and a 100 percent owners