CCP Reports Gross Revenue of R$ 25.6 Million in 2Q08

EBITDA in 2Q08 totals R$ 20.3 million with margin of 81.7%

SAO PAULO, Brazil, Aug. 5 /PRNewswire-FirstCall/ -- Cyrela Commercial
Properties S.A. Empreendimentos e Participacoes (Bovespa: CCPR3), one of the
leading commercial property investment and leasing companies in Brazil,
announces its results for the second quarter of 2008.

2Q08 Highlights

Net Revenue R$ 24.88 million
Gross Profit R$ 22.30 million
Gross Margin 89.6%
EBITDA R$ 20.31 million
EBITDA Margin 81.7%
NOI R$ 23.94 million
NOI Margin 96.2%
FFO R$ 10.44 million
FFO Margin 42.0%
Net Income R$ 8.27 million
Net Margin 33.2%

2Q08 Results Conference Call
Wednesday, August 6, 2008

English Conference Call Portuguese Conference Call
11:00 a.m. (US EDT) 09:00 a.m. (US EDT)
Phone: +1 (412) 858-4600 Phone: +55 (11) 2188-0188
Code: CCP Code: CCP
Replay: +1 (412) 317 0088 Replay: +55 (11) 2188-0188
Code: 6024# Code: CCP

SOURCE Cyrela Commercial Properties S.A. Empreendimentos e Participacoes

Investor Relations, Cyrela Commercial Properties, +55 (11) 3018-7601,
ri@ccpsa.com.br