Cade approves the sale of the former Ford factory property

The acquisition and sale agreement between the two companies was signed in May and waited on Cade's authorization to be concluded.

The main focus of the São José group is the construction of commercial and residential buildings

By: SiiLA News

06/30/2022

The General Superintendence of the Administrative Council for Economic Defense (Cade) approved the sale by Ford Motor Company Brasil of the property where its factory operated in Taubaté, State of São Paulo, to São José Desenvolvimento Imobiliário. The acquisition and sale agreement between the two companies was signed in May and waited on Cade's authorization to be concluded.

The main focus of the São José group is the construction of commercial and residential buildings, the administration of infrastructure and urban planning works, and the development of planning activities, realization, execution of subdivisions, and incorporation of real estate projects. According to the company, this deal allows the development of real estate projects in the State of São Paulo.

Read the full story (in Portuguese).

Source: Valor Econômico

Latam

Brazil

São Paulo

CRE

Market Analytics

Transactions

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.