The educational institution, Estácio de Sá, is now moving forward with an early exit from the Centro Empresarial Região Portuária, formerly the Venezuela Building, owned by RBR Properties. Originally set to terminate in May 2028, the lease will end earlier, with Estácio providing a 180-day notice and returning the property by May 2025.

During the notice period, Estácio de Sá will continue to pay rent and will also incur a penalty of R$230,368.28, payable in May 2025.

When contacted, Estácio clarified that the property serves as an administrative unit for the company’s employees and is not used for educational purposes.

"In the future, employees currently based at this location will be relocated to other corporate spaces in the region," the university stated.
Despite the lease termination, BRL Trust Investimentos, administrator of the Real Estate Investment Fund (FII) that disclosed the Relevant Fact notice, confirmed that the fund's cash flow will remain unaffected until July 2025 due to the ongoing rental payments and penalty.

However, if the property remains unoccupied after that date, the fund’s revenue could face an estimated reduction of R$0.016 per share, along with additional costs related to property maintenance.

The administrator added that efforts will be made to minimize financial impacts on shareholders by marketing the property to potential new tenants.