Sale of Full Ownership

Timing for Procedures

60-90 days (registration of the assets in the Sale and Development Plan).

Timing for the Selection of the Buyer

30-45 days.

Costs for the Investor

Costs related to due diligence activities and offer preparation.

Transfer of Surface Rights

Timing for Procedures

–

Timing for the Selection of the Buyer

30-45 days.

Costs for the Investor

Costs related to due diligence activities and offer preparation.

Redevelopment Long Lease

Timing for Procedures

60-90 days (registration of the assets in the Sale and Development Plan).

Timing for the Selection of the Buyer

30-45 days.

Costs for the Investor

Costs related to due diligence activities and offer preparation.

Public Real Estate Investment Trust

Timing for Procedures

45-60 days (establishment of the REIT).

Timing for the Selection of the Buyer

30-45 days.

Costs for the Investor

Costs related to due diligence activities on the assets of the REIT.

Public-Private Partnership – Project Financing on Public Real Estates

TIming for Procedures

60-90 days (public tender).

90-120 days (proposal presentation and assessment by entity concerned).

30-60 days (start of the activities).

Timing for the Selection of the Buyer

30-45 days.

Costs for the Investor

Costs related to due diligence activities. If the promoter is not the successful tenderer or does not exercise his preemptive right, he shall be entitled to the reimbursement of his proposal expenses within the limitations stated by the law (max 2.5% of the investment value).

Administrative Concession

Timing for Procedures

–

Timing for the Selection of the Buyer

30-45 days.

Costs for the Investor

Costs related to administrative verification and offer preparation.

Lease

Timing for Procedures

10-15 days (negotiation).

Timing for the Selection of the Buyer

30-45 days.

Costs for the Investor

Costs related to administrative verification and offer preparation.