News

Rodobens launches TERRA NOVA in Midwest Brazil
 
Săo José do Rio Preto, October 30th, 2007: Rodobens Negócios Imobiliários S.A. (Bovespa: RDNI3) announces the launching of the 1st phase of the gated community of single-family homes TERRA NOVA VÁRZEA GRANDE, in the city of Várzea Grande, metropolitan region of Cuiabá, State of Mato Grosso.

The TERRA NOVA VÁRZEA GRANDE was the 60th residential project launched by Rodobens Negócios Imobiliários, the 8th new project launched in 2007, and the first TERRA NOVA in the Midwest region of Brazil.

The houses are being offered for a total price from R$65,000 to R$94,000, with monthly installments from R$380 to R$560. In partnership with ABN Amro, the Terra Nova Várzea Grande offers to homebuyers the access to a 20-year mortgage, at annual interest rate of 9% plus TR, for up to 80% of the total value of the home, and without requiring documented evidence of income but a qualified payment behavior during construction.
 
The 618 homes of the total project will be built with concrete molded on site, in a process with high construction speed and quality. The delivery of this 1st phase of 348 homes is scheduled for 14 months from launching.

Rodobens has also plans to launch Terra Nova in acquired land plots at other cities of the State of Mato Grosso: Cuiabá and Rondonópolis.

For more information:
Investor Relations
E-mail:
ri-rni@rodobens.com.br
Tel.: 55-17-2137-1752/3/4
www.rodobens-rni.com.br/ir

Media Relations
MCE - Rita Mazzuchini - Mtb 22128
E-mail:
ritamce@terra.com.br
Tel.: 55-11-2577-6533

 

 

Art design

PROFILE: TERRA NOVA VÁRZEA GRANDE

  • Type: Gated community of single-family homes
  • Number of units: 618 in total, being 348 units launched in the 1st phase
  • Total potential sales value launched: R$29 million (1st phase only)
  • Rodobens’ share of the project: 100%
  • Estimated delivery: December/2008 (1st phase)

Characteristics of the units

  • Built area: 47m2, 58m2 and 67m2
  • 2 or 3 bedrooms, including 1 suite
  • 2 garage parking spaces

 

Profile - 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 62 residential projects in 17 different cities of seven Brazilian states (SP, MG, RJ, PR, RS, CE, MT). The projects launched total 12,149 units and 1,429,788 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 Săo Paulo Stock Exchange under ticker symbol RDNI3. For more information, please visit our website at www.rodobens-rni.com/ir.
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 satellite TV.