SAO PAULO, BRAZIL—Global Logistic Properties Ltd., a leading provider of modern logistics facilities in China, Japan and Brazil, has made a deal to acquire a portfolio of 34 assets in Brazil from BR Properties S.A. for $1.36 billion (BRL 3.18B), or a 9.4% yield.

“Our strong balance sheet and prudent financial discipline have allowed us to react quickly on this strategic opportunity, which will be immediately accretive to GLP,” said Jeffrey Schwartz, GLP’s co-founder and chairman of the firm’s executive committee. “BR Properties’ portfolio of high-quality, strategically-located logistics assets complements our existing portfolio well and will further strengthen our market leadership position in Brazil, where we feel very good about the long-term prospects.”

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