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Notice to the Market - Urbanity corporate tower sale
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Notice to the Market
São Paulo, September 20, 2017 - Even Construtora e Incorporadora S.A. - EVEN (B3: EVEN3), with operations in São Paulo, Rio de Janeiro and Rio Grande do Sul and a focus on residential developments with a unit value above R$ 250,000, announces to its shareholders that it has concluded another sales operation.
Today we signed the sale contract of Urbanity corporate tower, a mixed-use project launched in the 4th quarter of 2013 in a partnership with Yuny Incorporadora. The sale contract value is R$ 204.5 million, being a signal cash payment of R$ 75 million and the remaining in 30 days. The tower GLA totalizes 25,394 sqm and its delivery (habite-se) is expected to December 2017. Even’s share in this Project is 50%.
Project localization: Rua Luis Correia de Melo, Chácara Santo Antônio - São Paulo
To access the complete document, click here.
CFO and IRO
Even has been working in the real estate sector for more than 40 years and is one of the largest builders and developers in the metropolitan region of São Paulo. It is present, primarily and strategically, in the cities of São Paulo, Rio de Janeiro and Porto Alegre. The company is vertically oriented, executing all development stages of its projects, from lot prospecting, property development and brokerage activities to the project‘s construction. Even owns two sales companies: Even Vendas and Even More, both of which operating in 100% of the Company‘s projects to sell units and providing exclusive services to Even. The Company follows sustainability principles in all of its business segments. Even believes that employing sustainability practices leads to less construction debris, increases the energy efficiency of its products and improves its image before clients and neighboring communities. Its shares are traded on the Novo Mercado Special Corporate Governance segment of the BM&FBOVESPA - Securities, Commodities and Futures Exchange, under the ticker EVEN3.