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RODOBENS acquires land for MORADAS housing project in São José Rio Preto/SP
São José do Rio Preto, July 20, 2010: Rodobens Negócios Imobiliários S.A. ("Rodobens", Bovespa: RDNI3), confirming the company‘s strategy of replacing the used landbank for launches, announces the acquisition of two important land properties in São José do Rio Preto/SP with the following features:
Ø Total land property of 1,756,381.00 square meters (Rodobens‘ share of 1,124,083.84 square meters) to be 100% paid through future exchange of urban lots, equivalent to 4.32% potential PSV. The estimated total construction potential is of 3,680 units representing PSV of R$278MM, plus 1,480 lots regarding to the exchange payment.
Both areas are destinated to Rodobens product Moradas, focused on the economic segment, fully eligible to MCMV government housing program.
Click here to access the pdf file.