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Article: Brazil Realty Announces Largest Commercial Office Building Investment in Sao Paulo.
- Article from:
- PR Newswire
- Article date:
- November 12, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Citibank to Participate in the Faria Lima Financial Center
with 10% Equity Stake
SAO PAULO, Brazil, Nov. 12 /PRNewswire/ -- Brazil Realty, (OTC Bulletin Board: BZEDY; Bovespa: CYR4), one of Brazil's leading real estate companies, today announced plans to develop a state-of-the-art commercial office building on the extended section of Brigadeiro Faria Lima Avenue, Sao Paulo's new financial district and one of the most prestigious areas in the city. Citibank is participating in the project as an equity partner with a 10% stake in the R$100 million (US$85 million) development. Citibank's equity partnership with Brazil Realty is the Company's first equity ...