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Article: Sao Carlos' Portfolio Revalued at R$1.56 Billion.
- Article from:
- PR Newswire
- Article date:
- October 22, 2007
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R$521 Million in Acquisitions in 12 months; R$330 Million since IPO
SAO PAULO, Brazil, Oct. 22 /PRNewswire-FirstCall/ -- Sao Carlos Empreendimentos e Participacoes S.A. (Bovespa: SCAR3), one of the leading commercial real estate investment and leasing companies in Brazil ("Sao Carlos"), releases to the market the appraisal of its properties, carried out by CB Richard Ellis S/C Ltda. ("CBRE"), having September 28, 2007, as the reference date.
The market value of the Sao Carlos' real estate portfolio more than doubled from September 2006 to September 2007, up from R$604 million to R$1,559 million. This increase is due to: (a) the aggressive expansion of ...