Real Estate Team Advised Mirae Asset Global Investments Co., Ltd. for Acquisition of 2 Office Buildings in Sao Paulo, Brazil
2012.02.16.
Yulchon advised Mirae Asset Global Investments Co., Ltd. in connection with its acquisition of 2 office buildings located in Sao Paulo, Brazil in an acquisition price of R$805,628,196.00. The 2 office buildings are part of Rochavera complex which are composed of 4 different buildings. The seller continues to own the 2 remaining buildings in Rochavera complex, with Mirae Asset having the first right of refusal with respect thereto. This acquisition marks the biggest overseas real estate acquisition by a Korean real estate fund. Mirae Asset utilizes a Brazilian special purpose company as the acquisition vehicle and property owner for the tax efficient structure. The deal was led by Bong-Hee Han, Esq., Tae-Jin Cha, Esq., David Pyun, Esp. and Hui Yeon Kim, Esq.
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