Mr. Marcos Levy

Marcos Levy
Chief Executive Officer, Director
Brascan Residential Properties S.A.

term," said Marcos Levy, Brascan's President and CEO."With in excess of

Marcos Levy, President and CEO of Brascan, said "Brascan Century Plaza - Green Valley is our largest launch of the year and is taking place in a region with strong economic activity located outside of Sao Paulo city.

Marcos Levy, President and CEO of Brascan, said "Brascan Century Plaza

"This launch represents the start of our operations in a new region of Rio de Janeiro with great expansion potential," said Marcos Levy, President and CEO of Brascan."It demonstrates our commitment to expanding our activities in the middle income segment, and is the first time that clients will be financed exclusively by a third-party, reducing our working capital requirements for this project."

Mr. Levy added, "The project has been successful since the first week of sales.

Rio de Janeiro with great expansion potential," said Marcos Levy, President and CEO of Brascan."It demonstrates our commitment to expanding our activities in the middle income segment, and is the first time that clients will be financed exclusively by a third-party, reducing our working capital requirements for this project." Mr. Levy added, "The project has been successful since the first week of sales.

Marcos Levy, president of Brascan Imobiliária Incorporações, says the real estate segment is on a high, boosted above all by the devaluation of the Brazilian real against the U.S. dollar, and that the time is ripe for buying into the sector."The Brazilian economic situation involves unpredictable variables, and real estate is a safe haven for investors at this moment," said Levy.

Two of the four projects can be described as typical investment real estate, yielding excellent returns for investors.In Rio, 30% of the flats in the apartment building Giardino Residence Service, located in the Jardim Botânico neighborhood, were sold at the pre-launch cocktail party, "without any kind of publicity campaign," says Levy.

Marcos Levy, President and CEO of BRP stated that "we will continue to establish BRP in the Rio de Janeiro and Sao Paulo marketplaces as a leading developer of high quality residential homes.