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21 Aug 2013

Land plot development at Santos Dumont

The plot has reached a size of approx. 5,400 m2

Exact Brazil A/S has since late 2010 been working on a land plot development project located at Avenida Santos Dumont, which is the most popular avenue in Fortaleza. The plot has reached a size of approx. 5,400 m2 and in July 2013, Exact Brazil A/S signed a sale and development agreement with RCB Incorporações. The owner of RCB Incorporações has been a partner of Colmeia for 25 years, together they are developing the project Felicita.

A commercial building project with 606 offices and 892 parking spaces has been developed in partnership with Paroma Construções, and the price paid for the land plot is 30% of the listed project (permuta). Paroma Construções and Exact Brazil account each for 25% of the project development.

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