Cescon Barrieu act in CRI issuance of Virgo
Cescon, Barrieu, Flesch & Barreto Advogados acted as deal counsel, advising HSI Logística Fundo de Investimento Imobiliário (Fund) and BR Partners Banco de Investimento (underwriter) on the public offering, with restricted distribution efforts, pursuant to CVM Instruction 476, of Virgo Companhia de Securitização’s 55th issuance of real estate receivables certificates (CRI), in the total amount of R$ 160 million, backed by Real Estate Credits assigned by the Fund.
The funds obtained with the issuance were directed to the acquisition of a logistics warehouse in the state of Manaus, which was leased under the Sale Lease Back and Built to Suit modalities.
The CRI’s backing consists of the real estate credits due to the Fund as a result of the Sale Lease Back, as well as real estate credits due to the Fund under a different lease agreement, which were assigned by the Fund to the Securitization Company.
As collateral for the assignment of the real estate credits, a Fiduciary Alienation of the property where the logistic warehouse is located and a Fiduciary Assignment of the resources due to the Fund as a result of the Built to Suit were entered into.
Cescon Barrieu relied on partners Julia Barreto Lobo Dutra, Eduardo Jose Herszkowicz, Marcos Lopes Prado (pictured frofm left tto right), and associates Vinicius da Silva Martins; Thiago de Lima Machado; Carolina Penna Carvalho and interns Isadora Bartolozzi Moreira and Luiz Gustavo Soares Moura.
