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Grupo Mateus (GMAT3) replicates the operation carried out by Globo; understand

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The properties are located in Belém, in the state of Pará, Juazeiro, in the state of Bahia and Petrolina, in the state of Pernambuco.

O Mateus Group (GMAT3) signed an agreement to sell, for R$ 182 million, three properties to the real estate fund TRX Real Estate (TRXF11), shows a document sent to the market this Wednesday (5).

The properties are located in Belém, in Pará, Juazeiro, in Bahia and Petrolina, in the state of Pernambuco, under the sale and leaseback modality, that is, the company will sell the establishments for later rent.

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“The aforementioned value may change due to the eventual need to exclude or replace any of the properties, as a result of the legal and real estate diligences that will be carried out, provided that, in the end, the total amount effectively spent by the fund with the acquisition of properties will serve as a basis for defining the final value of monthly rents”, he explains in the document.

Used by Globo

This instrument was also used by Globe. In December last year, the broadcaster sold, for R$522 million, its headquarters in São Paulo to the real estate fund Vinci Partners.

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The advantage of this type of contract for the former owner, now a lessee, is that he has cash to support his growth and finance his operations.

In the case of the lessee, the fund gains a long-term contract with less risk.

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Source: Moneytimes

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