BTLG11 approves share offering of up to BRL 1.2 billion

Real estate fund BTG Pactual Logística approved its 17th share offering, which may raise up to BRL 1.2 billion according to a regulatory filing. The transaction involves an initial base of 7,498,360 new shares priced at BRL 106.69 each. It also carries a primary distribution fee of 2.70% to cover issuance costs.

The fund can expand the offering by up to 50% if there is additional demand. That option would add up to 3,749,180 shares, bringing the total offering to 11,247,540 shares. Excluding the distribution fee, total proceeds could reach roughly BRL 1.2 billion. The offering targets professional investors holding over BRL 10 million, under a best-efforts placement regime.

Existing unit holders who own shares on the third business day following the offering launch announcement on October 7, 2026, receive preemptive subscription rights. The proportion factor is set at 0.10569963931 per share held. The fund established a minimum threshold of BRL 1 million, or 9,373 shares, below which the offering will be cancelled and money returned.

Net proceeds will go toward purchasing real estate assets, primarily completed buildings, land, or properties under construction for commercial or institutional use. Funds may also optimize capital structure. In broader market trading on October 7, 2026, the real estate index IFIX rose 1.19% to 3,955.32 points, lifting its month-to-date gain to 5.33% and annual gain to 4.77%.