GTIS Partners Exits Out of Infinity Tower
Posted on 05/23/2022
GTIS Partners, a global real estate investment firm that manages over $4.3 billion in gross assets with a focus on residential and industrial investments, announced the sale of 62% of the Triple-A Corporate Building, Infinity Tower. The property, valued at $277 million, is the largest single asset property sale in Brazil’s history. With a strategic location in the Faria Lima region in São Paulo, 233,500 square feet of the 376,700 square foot property was sold by GTIS Partners for $172 million.
Infinity Tower began its operations in 2012 and GTIS Partners has managed all stages of the project development process, including construction, leasing, and asset management. The development is a landmark among AAA buildings with its architectural design, advanced technological resources and high constructive standards.
The acquisition was carried out by the companies Lucio, Omar Maksoud and AMY, which have participated in the venture since 2007 and now own 100% of the asset.
CBRE acted as advisor in development, leasing, and property management and was exclusively responsible for the building’s sales process. Itau BBA acted as financer and exclusive financial advisor for the acquisition.