BR PROPERTIES S.A. CNPJ 06.977.751/0001-49NIRE 35.300.316.592 "Public Company"

MATERIAL FACT

BR PROPERTIES S.A. ("Company") (BRPR3), pursuant to the provisions of the Brazilian Securities and Exchange Commission ("CVM") Instruction 358, dated January 3, 2002, as amended, informs the public that Term of Agreement for Acquisition of Acquisition Rights with Suspensive Conditions ("Term of Agreement"), was entered into by and between Company and FUNDO DE INVESTIMENTO IMOBILIÁRIO - VBI LOGÍSTICO, real estate investment fund, CNPJ/ME under No. 30.629.603/0001-18, represented by its administrator, BTG PACTUAL SERVIÇOS FINANCEIROS S.A. DTVM, CNPJ/ME under No. 59.281.253/0001-23, regarding part of a property, located at Avenida Mutinga, no. 4935, Via Anhanguera, City and State of São Paulo ("Pirituba Warehouse"), which is equivalent to a greenfield of approximately 32,500 sqm, owned by the Company.

The Term of Agreement stipulates the greenfield development, by the Fund, of a real estate project consisting of two Last Mile logistics warehouses ("Development") with a total built up area of approximately 8,450 m². Upon completion of construction, the Company will own 40% of the Development.

The execution of the referred transaction is subjected to overcoming suspensive conditions set forth in the Term of Agreement. BR Properties will have no cash disbursement in this transaction.

The Company will keep its shareholders and the public informed of any progress of the transaction.

São Paulo, July 21, 2021

André Bergstein

CFO and Investors Relations Officer

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BR Properties SA published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 23:27:08 UTC.