SYN prop e tech S A : Notice to the Market - Asset Sale
October 05, 2023 at 06:36 pm EDT
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São Paulo, October 5, 2023 - SYN prop e tech S.A ("Company"), a company listed on the Novo Mercado of B3 S.A. - Bolsa, Brasil, Balcão (Ticker: SYNE3), hereby informs its shareholders and the market in general that it has executed, on the date hereof, a quota purchase and sale agreement and other covenants for the sale, together with CCP/CPP Parallel Holding Cajamar I LLC ("CPP Cajamar"), of the totality of the quotas of NORDESTE EMPREENDIMENTOS IMOBILIÁRIOS LTDA. (CNPJ nº 09.434.012/0001-
("Nordeste"), owner of several units in the corporate offices building named "Suarez Trade", located at Av. Tancredo Neves, 450, Salvador/BA ("Transaction"), which was closed in the date hereof.
The total amount of the Transaction is R$ 14,110,000.00 (fourteen million, one hundred and ten thousand reais), proportionally to the equity stake held by each of the Nordeste's shareholders (66.57% for the Company and 33.43% for CPP Cajamar), through a 20% deposit paid on this date and the remainder paid in installments starting next month.
HECTOR BRUNO FRANCO DE CARVALHO LEITÃO
Chief Financial and Investor Relations Officer
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Syn Prop Tech SA published this content on 05 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2023 22:35:15 UTC.
SYN prop e tech SA, formerly known as Cyrela Commercial Properties SA Empreendimentos e Participacoes, is a Brazil-based company involved in the real estate sector. The Company focuses on the development, trade and management of commercial properties in Brazil. Its activities are divided into five business segments: Commercial Buildings, which consists of the sale and leasing of completed office properties; Real Estate Development, which is involved in the sale of office units under construction; Warehouses, which offers leasing of industrial warehouses; Shopping malls, which is responsible for the lease of stores in shopping malls; and Services, which provides management of shopping malls and parking lots, as well as development of properties. The Company owns a number of subsidiaries, such as Aquarius Empreendimentos e Participacoes Ltda, Millennium de Investimentos Imobiliarios Ltda and Miconia Empreendimentos Imobiliarios Ltda, among others.
SYN PROP & TECH S.A. 
