{"id":1004025394,"date":"2010-12-27T06:29:54","date_gmt":"2010-12-27T14:29:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004025394"},"modified":"2022-12-06T08:29:59","modified_gmt":"2022-12-06T16:29:59","slug":"amb-closes-422m-brazil-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amb-closes-422m-brazil-fund\/","title":{"rendered":"AMB Closes $422M Brazil Fund"},"content":{"rendered":"<p>December 27, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004025395\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Rodrigo_Soldon.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004025395\" data-attachment-id=\"1004025395\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/amb-closes-422m-brazil-fund\/rodrigo_soldon\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Rodrigo_Soldon.jpg\" data-orig-size=\"500,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Rodrigo_Soldon\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user Rodrigo_Soldon&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Rodrigo_Soldon.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Rodrigo_Soldon.jpg\" alt=\"\" title=\"Rodrigo_Soldon\" width=\"300\" height=\"225\" class=\"size-medium wp-image-1004025395\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Rodrigo_Soldon.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Rodrigo_Soldon.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004025395\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user Rodrigo_Soldon<\/p><\/div>\n<p>AMB Corp. has formed the Brazil Logistics Partners Fund I L.P., which aims to develop, acquire, own, operate, manage and dispose of logistics properties within Sao Paulo and Rio de Janeiro.<\/p>\n<p>An unnamed major university endowment serves as the firm\u2019s partner in the fund, with an initial investment of $211 million. Its overall equity commitment will be $422 million, including AMB\u2019s 50 percent co-investment.<\/p>\n<p>At closing, the fund acquired 639,000 square feet of development properties, of which more than 88 percent is pre-leased, along with 205 acres in Sao Paulo and Rio de Janeiro. That acreage has an estimated buildout potential of 3.6 million square feet.<\/p>\n<p>According to AMB Americas president Eugene Reilly, Brazil\u2019s economic growth is driving the expansion of its consumer class, and in turn, the need to distribute greater amounts of product. This means, he said, that the area\u2019s current supply of logistics facilities does not meet the needs of the businesses serving the approximately 33 million inhabitants in those regions \u2013 and that AMB is developing Class A distribution facilities to meet that need.<\/p>\n<p>AMB Europe &amp; Asia private capital president Guy Jacquier added that year-to-date the firm has added more than $630 million in new third-party equity to its private capital vehicles in the U.S., Latin America and Europe. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund aims to develop, acquire, own, operate, manage and dispose of logistics properties within Sao Paulo and Rio de Janeiro.<\/p>\n","protected":false},"author":936,"featured_media":1004025395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21748],"tags":[],"class_list":["post-1004025394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-industrial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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