Join our mailing list for Real Estate News, Events, Insights & Resources.
EzTec and Adolpho Lindenberg have partnered to develop projects worth R$ 1.7 billion.
- The partnership involves structuring a company, called EZ-CAL, to be jointly controlled, with a duration of six years, which will have direct investment from the parties in the estimated amount of R$ 130 million in the first two years.
02/24/2022
Construction companies Eztec and Adolpho Lindenberg (CAL) signed an agreement on Wednesday (23) for the joint development of real estate projects. According to a note, the initiative should in six years develop projects with a general sales value (PSV) of R$ 1.750 billion, "in the standard and with the use of the brands and management belonging to CAL, without compromising the continuity of the business and investments of EZTec in its own ventures and other partnerships in the market".
The partnership involves structuring a company, called EZ-CAL, to be jointly controlled, with a duration of six years, which will have direct investment from the parties in the estimated amount of R$ 130 million in the first two years.
The transaction also comprises a private capitalization operation for CAL and the assignment of a subscription bonus to EZTec that will give the right to subscribe for new shares issued by CAL after a minimum period of four years from that date.
If the subscription option is exercised, EZTec will share control of CAL with Lindenberg Investimentos, its current controlling shareholder, through a shareholders' agreement to be entered into between the two.
Source: Valor Econômico
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.
Premium offices expand beyond São Paulo’s traditional hubs
05/20/2026São Paulo premium office leasing hits post-pandemic high as companies seek more dynamic spaces
05/19/2026Multifamily gains momentum in Brazil as more people live alone and prioritize everyday convenience
05/18/2026Toky Group Tries to Rebuild After Billion-Real Bankruptcy Protection Filing, Raising Concerns for Logistics FIIs
05/14/2026Carrefour Throws in the Towel to Cash-and-Carry in Brazil; Atacadão, Assaí and Grupo Mateus Expand
05/12/2026Investments
Record Growth: 7.9% Vacancy in Northeast Fails to Slow Logistics Expansion
7 Bridges Capital Sees Industrial Property Market as a Primary Investment Target
Market Trends
Real Estate Culture Sets Rio and São Paulo Apart: On the Coast, the View Matters; in São Paulo, Prestige Comes from Location
A 12% Vacancy Rate Marks Balance in Mature Real Estate Markets — Here’s Why
Trusted by Leading Publications
EXCLUSIVE CONTENT
