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EZTEC launches Reserva JB tower
São Paulo, September 5th, 2019 - EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3: BZ) announces the launch of the first tower of Reserva JB project, located in the city of Osasco. The project has 1 residential tower, 330 middle-end units, with areas from 67 to 91 sq.m., for a combined potential sales value (PSV) of R$ 158.9 million of which EZTEC is entitled to 76.25%, resulting in R$ 121.1 million in PSV for the Company.
For further information and to access the full document, click here.
For further information contact:
EZTEC S.A. - Investor Relations
Phone: +55 (11) 5056-8313
With 40 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 140 projects, totaling more than 4.2 million square meters of built area and area under construction, and 28.618 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".