**Title:** CSHG Logística Resolves Debt Dispute with Favorable Judicial Decision
**Introduction:**
CSHG Logística, the largest logistics real estate fund in terms of shareholders, recently announced a positive outcome in a legal dispute over a debt of R$10 million. The fund had initiated legal action against the buyer of three properties in Extrema (MG) in May 2021 after the final payment was not settled. The buyer requested the debt to be settled in installments through a judicial process, which was accepted by the court. In this article, we will delve into the details of the debt dispute and discuss the implications of this decision for CSHG Logística.
**The Debt Dispute and Legal Proceedings:**
The delay in the final payment for the sale of three stores located in Rodovia Fernão Dias led CSHG Logística to file a lawsuit against the responsible buyer. The transaction, valued at R$90 million, saw the buyer paying approximately R$80 million for the properties. However, the outstanding amount of R$10 million, which was due on May 31, remained unpaid. Seeking resolution, the fund pursued legal action, urging the court to settle the debt in installments, a request that was subsequently accepted.
According to the court’s decision, a judicial deposit of 30% of the debt amount, along with fees for loss of lawsuit, fine, and interest, totaling R$3.4 million, was required. CSHG Logística will be able to withdraw this deposit, with R$3.1 million already available for withdrawal. The remaining debt will be divided into six monthly installments, with additional legal and rectifying interest. Failure to comply with the payment terms may result in a fine.
**Implications for CSHG Logística:**
As a result of the delay in payment and the subsequent execution of the debt, CSHG Logística estimates a cash gain of R$5.2 million, equivalent to R$0.22 per share. This positive outcome will have a significant impact on the fund’s financials, adding to its assets valued at R$3.589 billion.
CSHG Logística boasts a considerable portfolio, encompassing 20 properties located in São Paulo, Minas Gerais, Santa Catarina, Pernambuco, and Rio de Janeiro. With a gross leasable area (GLA) of one million square meters, the fund’s vacancy rate is 20.5%. This successful resolution of the debt dispute ensures the continued growth and stability of CSHG Logística in the real estate market.
**Expert Insights and Practical Examples:**
Resolving debt disputes through legal proceedings is a common occurrence in the real estate sector. The case of CSHG Logística showcases the complexities involved in property transactions and the importance of contractual obligations. Here are some expert insights and practical examples related to debt disputes:
1. Importance of Proper Due Diligence: Before entering into property transactions, it is crucial to conduct thorough due diligence on potential buyers, ensuring their financial capability to fulfill the payment obligations. This helps mitigate the risk of future debt disputes.
2. Proactive Communication and Negotiation: In cases where the buyer encounters difficulties in fulfilling the payment terms, it is advisable to maintain open lines of communication with the seller or fund involved. Proactive negotiation can often lead to mutually beneficial solutions, avoiding costly legal battles.
3. Legal Safeguards and Professional Advice: When entering into high-value property transactions, it is essential to seek professional legal advice to draft comprehensive contracts that include mechanisms for debt recovery and dispute resolution. These safeguards protect the interests of both parties involved.
4. Impact on Real Estate Funds: Debt disputes can have significant implications for real estate funds, affecting their cash flow and financial performance. Investors should carefully evaluate the fund’s ability to manage and resolve such disputes when considering investment opportunities.
**Summary:**
CSHG Logística, the largest logistics real estate fund in terms of shareholders, has resolved a debt dispute with a favorable decision from the court. The fund initiated legal action against a buyer who had failed to make the final payment for three properties. The court accepted the buyer’s request to settle the debt in installments, requiring a judicial deposit and additional fees. CSHG Logística estimates a cash gain of R$5.2 million as a result of the resolution. This successful outcome reinforces the fund’s position in the real estate market and highlights the significance of proper due diligence, proactive communication, and legal safeguards in property transactions.
—————————————————-
| Article | Link |
|---|---|
| UK Artful Impressions | Premiere Etsy Store |
| Sponsored Content | View |
| 90’s Rock Band Review | View |
| Ted Lasso’s MacBook Guide | View |
| Nature’s Secret to More Energy | View |
| Ancient Recipe for Weight Loss | View |
| MacBook Air i3 vs i5 | View |
| You Need a VPN in 2023 – Liberty Shield | View |
The largest logistics real estate fund in number of shareholders – 353 thousand –, CSHG Logística (HGLG11) communicated to the market, on the night of this Thursday (29), a favorable decision of the Justice in the action that was initiated to collect a debt of R$ 10 million.
The delay referred to the final payment for the sale of three stores located in Rodovia Fernão Dias, in the city of Extrema (MG), in May 2021. The value of the transaction was R$ 90 million.
According to the management of HGLG11, the buyer had paid approximately R$ 80 million for the properties. However, the last installment of the operation – of R$ 10 million – expired on May 31 and was not settled.
Faced with the pending issue, the fund filed a lawsuit against those responsible for the purchase, who ended up asking the Justice to settle the debt in installments. The request was accepted, in accordance with the essential fact disclosed by CSHG Logística.
CONTINUE AFTER ADVERTISING
According to the document, a judicial deposit of 30% of the amount of the debt was required, plus fees for loss of lawsuit, fine and interest. The amount corresponding to R$ 3.4 million.
“With the decision, the fund will withdraw the judicial deposit as soon as possible, with the portion of the portfolio already available for withdrawal estimated at R$ 3.1 million,” the notice to the market details.
The rest of the debt will be divided into six monthly installments, plus legal and rectifying interest, under penalty of a fine, explains the management of the HGLG11.
As a result of the delay and, subsequently, of the execution of the debt, the fund estimates a cash gain of R$ 5.2 million, equivalent to R$ 0.22 per share.
With assets of R$ 3.589 billion, CSHG Logística has a portfolio whose gross leasable area (GLA) is one million square meters. The vacancy of the fund is 20.5%. ‘
The fund’s asset portfolio includes 20 properties located in São Paulo, Minas Gerais, Santa Catarina, Pernambuco and Rio de Janeiro.
CONTINUE AFTER ADVERTISING
Also read:
Related
—————————————————-