Davis Polk advised BR Properties S.A. in connection with a primary offering of common shares, for an aggregate amount of US$379 million. The common shares trade on the São Paulo Stock Exchange. Securities in the international offering were placed under Rule 144A and Regulation S.

Headquartered in São Paulo, BR Properties is one of the main commercial real estate investment companies in Brazil, focusing on acquiring, leasing, managing, developing and selling commercial properties, including office space, industrial warehouses and retail locations.

The Davis Polk corporate team included partner Manuel Garciadiaz, associate Henrique Canarim (admitted only in Brazil) and foreign temporary associate Artur Fernandes Andrezo (admitted only in Brazil). The tax team included partner Lucy W. Farr and associate Brian Radigan. Associate Catherine L. Martin provided 1940 Act advice. Counsel Erin K. Cho provided ERISA advice. Joshua Sills was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Washington DC offices.