Equity International announces its confidence in Brazilian property

A US firm has shown its confidence in the Brazilian property market by acquiring a sizeable stake in one of the country’s leading finance firms.

Equity International, the privately-held investment firm which concentrates on real estate outside of the US, has said that it has acquired a stake of 8.5 per cent of Brazilian Finance & Real Estate (BFRE).

The private finance company, based in Sao Paulo, also has a deal in place to accept a further 12.2 per cent bid by Equity International.

Founded in 1999 by US billionaire Sam Zell and Garry Garrabrant, Equity International now has six portfolio firms which deal with Brazilian property.

BFRE is the holding company for four subsidiaries, including Brazilian Mortgages, BM Sua Casa, Brazilian Securities and Brazilian Capital, to provide a wide range of products and services to consumers.

The move backs up predictions from earlier this month which said that Brazilian property would be the hotspot of 2010.

Tags: Brazil, Economic News, Real Estate

December 15, 2009

Economic News

uv10 newsletter

Latest Property Listings

Brazilian Property News

Basics are key when buying in Brazil - May 21, 2012
Rio+20 Summit keeps everyone guessing - May 21, 2012
Brazilian property favoured by investors - May 18, 2012
Brazil plans to introduce electricity tax cuts - May 17, 2012
Brazilian property prices go up - May 17, 2012

Best Small Agent 2010 and 2012

uv10 is an award-winning member of the AIPP (Association of International Property Professionals), the industry regulatory body for the international property market.

This non-profit organisation has been set up in order to improve standards of professionalism and customer service in the sector. In a largely unregulated market, AIPP Members such as uv10 voluntarily agree to follow a strict professional Code of Conduct, which offers protection to the client.

uv10 is duty-bound to act with honesty, transparency and integrity in all dealings with the public and with its peers, and was awarded the accolade of Best Small Agent 2010 and 2012 at the AIPP Award Show in London, for these very reasons. Please visit www.aipp.org.uk for more information.