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Stocche Forbes and Pinheiro Neto steer real estate deal in São Paulo

Por: Latin LawyerImprimirVisualizar em PDF

Por Luis Bulcao Pinheiro

 

Stocche Forbes Advogados has helped Banco Safra acquire commercial office space at the WTorre Nações Unidas III tower block in São Paulo from private equity group Blackstone in a 253 million reais (US$79 million) deal.

Pinheiro Neto Advogados represented Blackstone.

The deal was announced on 11 October. Companies currently renting space in the tower must approve the deal.

WTorre Nações Unidas III is a 17-storey tower block located on Marginal Pinheiros, the main motorway which cuts through Brazil's biggest city from north to south. Banco Safra acquires the totality of Blackstone's stake in the building, which correspond to 64% of the property's commercial units.

 

Counsel to Banco Safra

Stocche Forbes Advogados

Partner Alexandre Clápis and Flavio Meyer, and associates Bruno Bercito and Luiz Henrique Farignoli

 

Counsel to Blackstone

Pinheiro Neto Advogados

Partner Franco Grotti and associates Flávio Coelho de Almeida and Igna Graziano

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