RODOBENS acquires land for TERRA NOVA housing project in Minas Gerais

São José do Rio Preto, July 27, 2007:  Rodobens Negócios Imobiliários S.A. (“Rodobens”, Bovespa: RDNI3) signed a purchase agreement for the acquisition of a land property with 726,000 square meters of total area for the development of a residential project TERRA NOVA in the city of Uberaba, interior of the State of Minas Gerais.

The 1,450-homes TERRA NOVA UBERABA project, currently in the process of adjustments to the municipal guidelines, carries a potential pre-sales value estimated at approximately R$100 million.

The city of Uberaba, located in the prosperous region of the interior of the State of Minas Gerais known as the “Triângulo Mineiro”, has a population of almost 300,000 people and a GDP per capita and demographic growth above the national average. Uberaba is distant approximately 500km from the capital of the State of Minas Gerais, the city of Belo Horizonte, and 300km from the city of São José do Rio Preto, in the Northwest of the State of São Paulo, where Rodobens Negócios Imobiliários is headquartered. 

For more information:
Investor Relations                                                    Media Relations
Rodobens Negócios Imobiliários                             MCE, Ms. Rita Mazzuchini
E-mail:                               E-mail:
Tel.: 55-17-2137-1752/4                                      Tel.: 55-11-2577-6533            

About Rodobens Negócios Imobiliários
Rodobens Negócios Imobiliários is a real estate developer with more than 16 years of experience. The company´s focus is cities with more than 150,000 inhabitants in the interior of Brazil. Since its foundation in 1991, the company launched 58 residential projects in 16 different cities of six Brazilian states. The projects launched total 10,175 units and 1,254,921 m2 of built area. Its main products are Sistema Fácil, Terra Nova and Plano Único. On January 31, 2007, Rodobens Negócios Imobiliários listed its shares on the Novo Mercado of the São Paulo Stock Exchange. For further information, please visit our website at Rodobens Negócios Imobiliários is part of Empresas Rodobens, founded in 1949 and one of Brazil’s 100 largest business conglomerates. With a strong presence in the vehicle and real estate businesses, the group comprises auto dealerships, truck and bus dealerships, consortium, insurance brokerage, auto and truck rental, banking, e-commerce, real estate development, international businesses, and corporate communications.