Notice to the Market Rossi Residencial announces Joint Venture

Notice to the Market
Rossi Residencial announces Joint Venture with Costa Andrade
São Paulo, April 10th, 2007 – Rossi Residencial (Bovespa: RSID3), one of the largest real estate
developers in Brazil, and Costa Andrade (CA), one of the largest builders and developers in the
state of Bahia, headquartered in Salvador, announce a joint venture to operate in the metropolitan
region of Salvador.
The agreement accounts for land sites that have either been negotiated or under current
negotiations. The new company should take out future launches of around R$500 million in the
following months, Rossi´s stake varying between 50 and 80%. During this period, the new vehicle
should develop differentiated projects, tapping all income segments, thus matching real estate
production with potential market demand.
Rossi will initially be responsible for project financing and back office activities, while CA will render
construction services. As to the development activities, product design, commercial management
and marketing, a joint effort between both companies should prevail. The partnership unites
complementary competencies, representing synergies and economies of scale in the pre-defined
operating market.
About Costa Andrade
Costa Andrade began its real estate activities in 1990 in Salvador. Since then, it has dedicated itself
to the development and construction of residential and commercial projects in town. Its main focus
is the development of medium to high-income segment projects in the city’s most distinguished
areas. The company’s internal planning integrates all phases of its projects, from land sourcing
activities to product conception. Its recognition came through three annual awards as the company
of the year by ADEMI Bahia (2000, 2001, 2003).
About Rossi Residencial
Rossi is one of the largest real estate developers in Brazil, listed under Bovespa´s Novo Mercado
(RSID3). Through its regional offices, located in the cities of São Paulo, Campinas, Rio de Janeiro,
Belo Horizonte, Porto Alegre and Salvador the company is present in 28 cities. The regions where
Rossi operates indicate high housing shortage, above national average income per capita, and a
great potential for economic and demographic growth. Because it operates in different markets
(different products in different regions), Rossi has the possibility to flexibilize its product mix so as to
better adapt to changing market conditions. The company operates across all income segments,
developing high-end projects and commercial properties under the America Properties brand.
Geographical Presence
São Paulo
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São Paulo
Guarulhos
Osasco
São Caetano
Santo André
Barueri
Jacareí
São José dos Campos
Sorocaba
Campinas
Valinhos
Sumaré
Santos
Guarujá
Ribeirão Preto
São Carlos
Rio de Janeiro
• Rio de Janeiro
• Niterói
• Nova Iguaçu
Espírito Santo
• Vitória
• Vila Velha
• Serra
Minas Gerais
• Belo Horizonte
Rio Grande do Sul
• Porto Alegre
• Canoas
Paraná
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Curitiba
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Salvador
Bahia
Pernambuco
• Recife
Additional Information:
Investor Relations Department
Sérgio Rossi Cuppoloni
Phone: +55 11 3759-7232
Fax: +55 11 3759-0959
e-mail: [email protected]
Ciro Piovesana
Phone: +55 11 3759-8551
Fax: +55 11 3759-0959
e-mail: [email protected]