JHSF Participacoes SA : Notice to the Market - Capital Raising Fazenda Boa Vista Investment Fund - 07/22/2013
July 22, 2013 at 09:05 pm EDT
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NOTICE TO THE MARKET
JHSF PARTICIPAÇÕES S.A.
Publicly Traded Company
JHSF Participações S.A. ("JHSF" or the Company), announces the successful capital raising by the JHSF Rio Bravo Fazenda Boa Vista Capital Protegido Fundo de Investimento Imobiliário - FII (the "Fund"), as published at the Valor Economico newspaper today. The Fund will invest approximately R$125.4 million in residential real estate projects (villas, lots, and plots of land) of Fazenda Boa Vista, owned by JHSF subsidiaries, with final settlement scheduled for July 24, 2013.
JHSF Participacoes SA is a Brazil-based holding company engaged in the real estate industry. The Companyâs activities are divided into four business segments: Real Estate Development, involved in in the development, construction, purchase and sale, as well as lease of residential and commercial properties; Recurring Income, focused on development, administration and operation of shopping centers; Hospitality and Gastronomy, engaged in the operation of hotels, restaurants and bars; and Executive Airport, involved in the operation of Sao Paulo Catarina Executive Airport. The Company operates through a number of subsidiaries, including JHSF Incorporacoes Ltda, Polonia Incorporacoes Ltda, Boa Vista de Desenvolvimento Imobiliario e Servicos de Concierge Ltda and Aveiro Incorporacoes Ltda, among others.