Avenida Alberto Sá
Office project of 22 floors
Exact Brazil has acquired 50 % of Paroma Construcões' existing plot of 2,640 m2 that can be utilized for an office project of 22 floors with a total area of 9,275 m2. The land plot is located on the corner of Avenida Alberto Sá and Avenida Engenherio Santana Junior, which is the beginning of the main route Washington Soares. The new complex Shopping Rio Mar which consists of shopping, offices and homes is situated only 1,200 meters from the land plot. Together with another partner, Paroma Construcões has developed an office project 300 meters from the property, in which 70 % was sold in just six months. By acquiring the adjacent neighbouring land the land plot can potentially reach a total area of approx. 7,000 m2 and a total office area of 14,800 m2. A permuta agreement of 30 % is expected to be concluded.
|Location: Fortaleza, Ceará|
|Type: Acquisition of 11 land plots to be sold as Permuta|
|Size: 4.600 m2|
|Ownership share: 50 %|
|Partner: Paroma Construcões (50 %)|
|Sales status: Expected sold through permuta in 2016|
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