uv10 can now exclusively offer you one of our long sold-out penthouses, with huge private roof terraces and rooftop jacuzzis in Pipa Beleza, the bestselling "Zen" Spa Resort in Pipa
At just £92,000 per unit and midway through construction (completion October 2009) these very limited and sought-after penthouses, situated in the best part of lively, upmarket Pipa village are not to be missed.
Onsite facilities include: full rental management, Spa, Balinese baths, yoga, pilates, massage treatments, fusion restaurant, shop, champagne gazebo, rooftop juice bar, water-garden and 24 hour security, as well as an oversized swimming pool with swim-up bar.
12th September 2008 03:01
Brazilian real estate developers Brascan Residential Properties and Company have announced details of a merger.
The deal is set to see the partnership develop into the third largest real estate developing company in the country.
According to Bloomberg, shares in Company fell by 14 per cent yeasterday, which was the biggest drop since it started trading in 2006.
The two real estate companies all trade in a section of the Sao Paulo exhange called the Novo Mercado, which has strict corporate governance rules to protect minority shareholders.
Nicholas Reade, Brascan's chief executive officer, told the news agency: "The market is not understanding the existing potential of the Brascan shares that Company shareholders will receive.
"What should count is not the market value of the companies but the relative value of both companies looking at the value of the new company in the future."
Jose Paim de Andrade, founder of real-estate investment firm Maxcap, recently told The Economist that Brazil's housing boom will continue "for five to seven years".
When it comes to property investment, the early bird really does catch the worm.
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