As part of its efforts to expand its business in Brazil,
) penned a Build-to-Suit deal with Walmart.com Brazil - WMB
Comercio Eletronico LTDA, a unit of
Wal-Mart Stores Inc.
) global e-commerce organization. The deal is for a distribution
center, which would span 576,000 square foot in Sao Paulo,
To be constructed at Prologis CCP Cajamar II adjacent to the
Anhanguera Highway, this new facility would benefit from its
immediate access to the Rodoanel (Ring Road) and central Sao
Paulo. Following the construction, Cajamar I and Cajamar II are
projected to aggregate around 4.9 million square feet.
Notably, Prologis CCP is a joint venture between Prologis and
Cyrela Commercial Properties (CCP). This JV has developed
Prologis CCP Cajamar II Industrial Park and operates it
In Brazil, there is an increased demand for Class-A facilities
owing to rapid growth in e-commerce. To better serve customers
and reduce delivery time, firms are seeking a consolidation of
distribution networks and settling in the vicinity of population
Prologis stands to benefit from this move as it has the capacity
to offer modern distribution facilities in strategic infill
locations. Its joint venture, Prologis CCP is a leading provider
of industrial real estate in Brazil.
According to a report by Cushman & Wakefield, in Brazil the
real estate landscape is exhibiting promising prospects with the
demand for industrial space reaching its peak on the Rio-Sao
Prologis currently carries a Zacks Rank #3 (Hold). Other stocks
worth considering include
Sotherly Hotels Inc.
). While Sotherly carries a Zacks Rank #1 (Strong Buy), CubeSmart
has a Zacks Rank #2 (Buy).
CUBESMART (CUBE): Free Stock Analysis Report
PROLOGIS INC (PLD): Free Stock Analysis
SOTHERLY HOTELS (SOHO): Get Free Report
WAL-MART STORES (WMT): Free Stock Analysis
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