BR Properties completes operations totaling R$ 4.1 billion

Among the completed transactions is the payment of R$ 1,226,785,237.66 towards the initial installments of properties such as Edifício Gloria, Edifício Brasília, Edifício Panamérica Green Park, Edifício Panamérica Park, Parque da Cidade, Edifício Alphaville, and Conjunto 34 Jatobá.

Parque da Cidade complex

07/21/2022

In a relevant announcement released this Wednesday, May 20th, BR Properties has successfully concluded the payment of initial installments for properties totaling R$ 4.1 billion.

Among the completed transactions is the payment of R$ 1,226,785,237.66 towards the initial installments of properties such as Edifício Gloria, Edifício Brasília, Edifício Panamérica Green Park, Edifício Panamérica Park, Parque da Cidade, Edifício Alphaville, and Conjunto 34 Jatobá.

Additionally, there has also been a payment of R$ 2,920,212,955.47 for the initial installments of properties including Edifício Centenário, Edifício Plaza Centenário, Edifício Ventura, Edifício Manchete, Torre A TNU, and Imóvel JK, which are currently undergoing the process of real burden release and are expected to be finalized within two days from this date.

The initial installments correspond to 70% of the total property price, with the remaining 30% to be paid within a period of 12 months.

Source: Investing

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