• Exact Invest A/S ENG
• Exact Brazil

Exact Brazil: 100% return on project

Full return on investments after permuta deal

Exact Brazil has since October 2010 participated in a project at a site in the central part of Fortaleza. Together with a partner Exact Brazil has bought houses with the purpose of land registration and sales. Between Christmas and New Year's a letter of intent has been signed with Helbor to sell the site for construction of an office project with 23 floors and 15,000 m2 of shops on the ground floor. Helbor is a publicly traded development company.

The site is sold as a permuta contract meaning that Exact Brazil will receive 2,250 m2 of shops and offices as payment for it.  The sales price for the area is around 13.7 MBRL after tax and trading costs leaving a return on investment of no less than 9.6 MBRL over the next three to four years. By converting the price to net present value the return on investment after tax is approx. 100 % after around 1 year.