BR Properties Equity Offering

Davis Polk advised the joint bookrunners in connection with a primary offering by BR Properties S.A. of common shares for an aggregate amount of R$1.05 billion (approximately US$247.5 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 leading 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 Manuel Garciadiaz and Elliot M. de Carvalho. The tax team included Lucy W. Farr, Ben Levenback and Danielle Rapaccioli. Members of the Davis Polk team are based in the São Paulo and New York offices.