Land plot development - Santos Dumont 2

Plot development in the centre of Fortaleza

The plot is 2,468 m2 and located close to our existing land development project on the main street, Santos Dumont, and the projected shopping center Rio Mar. The site is facing north and the last before a large protected area, meaning there will be a free view from the offices. The intention is to acquire adjacent land plots currently used for car repair shop and other related activities, which enables an expansion of the project or a split in two single projects.

    Location:  Fortaleza, Ceará
    Type: Acquisition of land plots at Santos Dumont
    Size: Plot of approx. 2,500 m2 is acquired - ongoing negotiations of the purchase of neighboring land plots
    Ownership share: 50 %
    Partner:  Paroma Construcões (50%)
    Sales status:  Expected sales start 2013
    Revenue: BRL 21.5 mil. with the possibility of more depending on the exit form (permuta, sales or own development)
    Completion: 2016/2017
    Status: Purchased

     

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