Syn Prop & Tech S A : Notice to the Market - MOU Brasílio Machado Transaction
April 04, 2024 at 06:15 pm EDT
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NOTICE TO THE MARKET
São Paulo, April 4, 2024 - 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 has signed, on the date hereof, a Memorandum of Understanding for the sale, together with the other shareholders of BRASILÍLIO MACHADO REAL ESTATE INVESTMENT FUND (CNPJ nº 02.027.437/0001-44)("FII-BM"),of the totality of its ideal fraction in the commercial complexes and parking lots of the Brasílio Machado building, located at Av. Dr. Cardoso de Melo, nº 1.955, Vila Olímpia, São Paulo/SP, for BRC RENDA CORPORATIVA FUNDO DE INVESTIMENTO IMOBILIÁRIO (CNPJ nº 30.567.216/0001-02)("FII-BRC") ("Transaction").
The price of the Transaction is R$ 32,500,000.00 (thirty-two million five hundred thousand reais) referring to the properties corresponding to SYN's total interest in FII-BM, and the amounts will be paid in currency, in 6 installments in alternate months.
The consummation of the Transaction is subject to the execution of the definitive documents and the fulfillment of conditions precedent customary for transactions of this nature.
HECTOR BRUNO FRANCO DE CARVALHO LEITÃO
Chief Financial and Investor Relations Officer
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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. 
