LOG Commercial Properties is a company in the field of construction and incorporation, which is part of the MRV Engenharia group. The company operates mainly in the segments of management of Logistics Condominiums, construction and commercialization, and is present in nine Brazilian states (Espírito Santo, Bahia, Ceará, Minas Gerais, Goiás, Rio de Janeiro, Sergipe, and São Paulo).
The company's potential portfolio is 1.5 million m² GLA in developments. In addition to its activities in construction, incorporation, commercialization, and management of logistics condominiums, the company is also present in industrial parks and shopping centers.
Basically, the service developed by the company begins with the prospecting of strategic locations. The initial work is done so that commercial and industrial developments can be carried out with greater potential and success, both for employees and for clients.
As a continuation of the prospecting of strategic locations, the company always seeks to add value, sustainability, innovation, and means to reduce deadlines and, especially, prices and costs of developments. As a result, LOG CP is recognized for optimizing results, adding potential to the service portfolio.
One of the differentiators that the company has is the developments with complete infrastructure. LOG CP provides logistics condominiums, for example, with restaurants, support buildings, parking lots, maneuvering yards, cleaning and security, locker rooms, and maintenance services.
Another point that adds value to LOG CP's developments is the geographical diversity. This is because the company seeks to differentiate itself from the Rio-São Paulo axis and, as a result, has warehouses spread across 10 Brazilian states. Furthermore, in the segment in which it operates, the company was the first to be traded on B3.
The main businesses of the company are:
Incorporation, construction, commercialization, leasing, and real estate services, residential and commercial;
Management of the company's own assets and those of employees;
Construction of commercial and residential properties, as well as the provision of engineering services.
LOG CP is a company of the MRV Engenharia group. It was founded in 2008, after the Menin family realized that the demand in the logistics warehouse sector was on the rise. Thus, the company emerged as a way to focus on the growing sector.
Until 2018, Log CP was fully subsidized by the MRV group. However, at the end of 2018, the company underwent changes and carried out what is called a spin off. From that point on, Log became a company separate from the MRV group, including having shares traded on the stock exchange, B3.
One of the reasons presented regarding the spin off, both by the group and by Log, was that, with the separation, the profitability on the equity of the MRV Engenharia group would increase considerably.
