KLA participates in the acquisition of GPA’s properties by Sendas

KLA Advogados advised Sendas Distribuidora S.A. (Assaí) on the acquisition of GPA’s properties

pjimage 2022 03 22T103856.376

CIA. Brasileira de Distribuição (GPA) signed an agreement with Barzel Properties to sell 17 properties located in different states for R$ 1.2 billion.

The properties are part of a portfolio of 71 stores to be sold by GPA to Sendas Distribuidora S.A. (Assaí) as the companies plan to convert some of GPA’s supermarkets into Assaí-operated stores.

Singaporean sovereign wealth fund GIC controls a 50% stake in Barzel. The remaining half is owned by multiple shareholders. Upon completion of the transaction, Assaí will lease the Barzel properties for 25 years.

KLA assisted Assaí in negotiating the terms and conditions of the lease agreements.

The transaction was important for Assaí to continue its expansion strategy and secure long-term lease agreements.

KLA Advogados represented Sendas and relied on partners Mariana Cortez (pictured left) and Tomaz Matheus (pictured right) and associate Carla Fernandes.

The operation, conducted by the team from Tauil & Chequer Advogados associated to Mayer Brown, relied on counsel Maria Carolina Gimenez and the partner José Paulo Marzagão, both from the São Paulo unit. In addition to the acquisition and rental of the properties, the firm assisted in the structuring of the Barzel Retail Real Estate Investment Fund with the participation of senior counsel Jessica Queiroz together with partner José Paulo Marzagão.

KLA participates in the acquisition of GPA’s properties by Sendas



The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram