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EZTEC launches the Fit Casa Brás
São Paulo, October 29th, 2018 - EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3: BZ) announces the launch of the Fit Casa Brás project, located in the Central Zone of the city of São Paulo. The project has 4 residential towers, with 979 MCMV residential apartments, with areas of 26 and 38 sq.m., for a combined potential sales value (PSV) of R$ 179.9 million of which EZTEC is entitled to 70%, resulting in R$ 125,9 million in PSV for the Company.
On the market for over 39 years and with a track-record that comprehends projects from the mid- to high-income segments, from commercial to residential, EZTEC announces its entrance in the economic segment for compact units, creating a new brand to the group: Fit Casa. "Fit Casa, from the EZTEC Group, is directed to clients whose income ranges from R$2.8 thousand to R$7 thousand. Its projects are being carefully designed to fulfill the aspirations of people that search for quality, excellent location and all the necessary resources, while maintaining prices accessible", explains Ernesto Zarzur, EZTEC’s Founder and Chairman of the Board of Directors.
The Fit Casa brand marks the launch of the Fit Casa Brás project, located in a plot in São Paulo’s city center, in the Brás regio. The project counts with 979 units with prices starting at R$155 thousand, in two options: studios or apartments with two rooms, com 26m2 or 38m2 of private area, respectively. This product inaugurates the Company’s new operational segment directed towards the Minha Casa Minha Vida program (MCMV), which relies on another five projects that are being developed and to be launched over the next years.
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For further information contact:
EZTEC S.A. - Investor Relations
Phone: +55 (11) 5056-8313
With 39 years of operations, EZTEC is one of the most profitable publicly-traded companies in Brazil’s real estate development and building industry. Based on its fully integrated business model, EZTEC has already launched 130 projects, totaling more than 3.6 million square meters of built area and area under construction, and 26,344 units. EZTEC S.A. is listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (BM&FBOVESPA) under the ticker EZTC3.
"This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of EZTEC. These are merely projections and, as such, are based exclusively on the expectations of the Company’s management concerning the future of the business and its continued access to capital to fund its business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in the Company’s filed disclosure documents and are, therefore, subject to change without prior notice".