Spanish Group Increases Stake in Brazil’s Real Estate Market

The company has an estimated overall value of R$1.5 billion in land sales and expects to achieve revenues of between R$600 and R$800 million.

RIO DE JANEIRO, BRAZIL - The real estate market is bustling in Brazil. Controlled by domestic companies seeking capitalization, the market is experiencing a fast recovery period after the pandemic.

Amid the activity of domestic building companies and developers, a foreign company has reinforced its position in Brazil, has a land bank worth R$1.5 billion (US$300 million) in potential sales, and expects to launch seven developments . . .

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