Gafisa

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Gafisa is one of Brazil's leading homebuilding companies, focusing on residential markets. Over the last fifty years, they have completed and sold more than nine hundred developments and constructed nearly thirty-seveno million square meters, believed to be more than any other residential development company in Brazil. Gafisa is one of the best-known brands in the real estate development market, enjoying a reputation among potential homebuyers, brokers, lenders, landowners and competitors for quality, consistency and professionalism.

On October 26, 2007, Gafisa announced that it has acquired a 70% stake in Cipesa, the leading homebuilder in the state of Alagoas. Grupo Tercio Wanderley, one of the largest sugar and alcohol producers in the North/Northeast regions of Brazil formed Cipesa to develop real estate in that area. Since 2006, Cipesa has been an important partner to Gafisa, and under our current partnership agreement, it is expected that we will launch R$ 109 MM of new developments in 2007.

Website: http://www.gafisa.com.br/

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