View
156
Download
4
Category
Preview:
Citation preview
1
PDG Realty signs joint venture with Abaurre from Espírito Santo
Investors Relations:
Michel WurmanInvestors Relations Director
João MalletInvestors Relations Manager
Telephone : (21) 3504-3800E-mail: ri@pdgrealty.com.br
Website: www.pdgrealty.com.br/ri
The joint venture foresees that, within the market of Espirito Santo, all of the projects prospected by one partner must be presented to the other in order to promote a merged development, of which 30% will belong to Abaurre
Prospect of projects development in the VGV amount of R$100 million (pro-rata PDG Realty) year on year starting in 2008
Focused in the medium and low-medium income
Forecast to launch the first development of the partnership still in 2007
2
Joint Venture between PDG Realty & Abaurre
Founded in 1971, Abaurre is one of the largest real estate developers in Espírito Santo.
3
Partnership Rationale
Allow PDG Realty’s entrance yet into another market, spreading our capillarity and geographic diversification
Capture the potential swell in the real state market in Espírito Santo, especially within the medium and medium-low income
Generate new ventures also to Goldfarb, who will be responsible to develop the projects in the medium and medium-low income
Partnership with a company of an effective capacity of performance and strong presence in Espírito Santo
Leverage PDG Realty’s result
4
Proven Track Record
Despite the strong competition, PDG Realty was able to generate important acquisition in accretive deals
A successful track record of PDG proves its talent to continuously generate investment opportunities in private equity and co-incorporation
Fundação2003
2 projects launched
2003
5 projects launched 2004
9 projects launched 2005
28 projects launched 2006
Jan-07
IPO
Private EquityInvestiments...
...and Co-developments
14 projects launched1Q/2007
April-07
Additional Acquisition
of 10%
Acquisition of 20%
May-06
Sep-06
Nov-06JVJV
Feb-07
Aquisition of 40%
Additional Acquisition
of 21%
Feb-06
June-07
Sale of 20% stake
JointVenture
CHL & PIAL JVJV
Joint VenturePDG &
Abaurre JVJV
Recommended