Tauil & Chequer Advogados associated with Mayer Brown is advising the consortium assisting BNDES and Furnas Centrais Elétricas in Rio de Janeiro in the auction procedures of two lots, which total 10,000 square meters and are valued at R$ 109 million.
Located in Botafogo, in the South Zone of Rio de Janeiro, the land lots are likely to be used for real estate development of high-standard residential projects. The largest of them (measuring about 9 thousand meters) will have a minimum offer of R$ 91.9 million, and the second will have a minimum offer of R$ 16.9 million.
BNDES is responsible for structuring the operation, from the development of the public notice to the auction, which will take place on July 13, at B3, in São Paulo.
The lawyers who participated in the case were partners Bruno Dario Werneck (pictured left) and Ludmila Arruda Braga (pictured right) and associate Julio Barboza.