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INDUSTRIAL | Construction / Construction & Design Services
gafisa.com.br

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Stage

PIPE | IPO

Market Cap

1.31B

About Gafisa

Gafisa (NYSE:GFA) is a Brazilian residential construction and real estate company.

Gafisa Headquarter Location

Av. Nacoes Unidas, 8501 19th Floor

Sao Paulo, 05425,

Brazil

(55 11) 3025-9474

Latest Gafisa News

Gafisa : Material Fact - Shopping Jardim Guadalupe and São Conrado Fashion Mall

Jan 18, 2021

01/18/2021 | 01:54pm EST Message : São Conrado Fashion Mall and Jardim Guadalupe Shopping GAFISA S.A. (B3: GFSA3; OTC: GFASY) ("Gafisa" or "Company"), in compliance with CVM Instruction No. 358/2002, as amended, complementing the Material Fact already disclosed, informs its shareholders and the market in general that, in line with its strategy of investing in assets with the potential turnaround, Gafisa Propriedades concluded the acquisition of Jardim Guadalupe Shopping ("Jd. Guadalupe"), and signed an agreement for the acquisition of São Conrado Fashion Mall ("Fashion Mall"), both located in the city of Rio de Janeiro. The conclusion of Fashion Mall's acquisition is subject to approval of its current creditors. This transaction totals R$99.3 million, in two tranches, the first tranche upon conclusion and the second tranche in January 2022. The acquisition was made through an equity investment fund (FIP). In this transaction, besides the direct investment, Gafisa Propriedades manages third- party capital, as a technical advisor, since it owns nearly 26% of FIP quotas, corresponding to 100% to referred FIP's voting capital, also entitled to nominate two members of its investment committee, whilst the Fund's manager nominates the third member. Therefore, Gafisa Propriedades consolidates itself as a new business unit of Gafisa, which will explore the management of owned and third-party real properties, thus, allowing an increasingly solid balance sheet to Gafisa, diversifying assets and becoming a wide real estate platform to complement the Company's 65 years of history. São Paulo, January 18, 2021. Ian Andrade Transaction Scope With this transaction, Gafisa Propriedades enters in the shopping mall segment through two relevant assets located in the city of Rio de Janeiro. Gross Leasable Area (GLA):

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