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Cyrela Brazil Realty SA Empreendimentos e Participacoes (CYRE3.SA)

CYRE3.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cyrela to allocate 130 mln reais for reconstruction of resort, compensations
Tuesday, 23 May 2017 10:46am EDT 

May 23 (Reuters) - CYRELA BRAZIL REALTY SA ::SAID ON MONDAY IT SIGNED AGREEMENT WITH CONDOMINIUM OWNERS OF GRAND PARC RESIDENTIAL RESORT TO RECONSTRUCT DAMAGED EXTERNAL LEISURE AREA AND TO PAY COMPENSATIONS, WHICH WILL COST ABOUT 130 MILLION REAIS OVER A PERIOD OF TWO YEARS.SAYS AGREEMENT AIMS TO PRESERVE COMMITMENTS MADE WITH CLIENTS .REITERATES THE INEXISTENCE OF DIRECT RESPONSIBILITY FOR ANY FAILURES IN THE EXECUTION OF THE PROJECT.  Full Article

Brazilian developer Cyrela reports fourth quarter sales jump

SAO PAULO, Jan 18 Sales at Cyrela Brazil Realty SA rose sharply in the fourth quarter while the volume of project launches remained roughly flat, the company said late on Wednesday, as the upscale developer benefits from a real estate rebound in Brazil.