Itacare Capital Investments Ltd Annual Report and Accounts (4375G)

TIDMITA

RNS Number : 4375G

Itacare Capital Investments Ltd

29 June 2012

Itacare Capital Investments Ltd ("Itacare" or the "Company")

Annual Report and Accounts

Itacare announces that the Company's Annual Report and Accounts for the year ended 31 December 2011 has been posted to shareholders and may also be viewed on, or downloaded from, the Company's website www.itacarecapital.com

For further information:

 
 Itacare Capital Investments      Tel: [phone] 
  Chairman, Michael St. 
  Aldwyn 
-------------------------------  ------------------------------- 
 Itacare Capital Partners         Tel: [phone] 
  Investment Manager, Pedro 
  de Miranda 
-------------------------------  ------------------------------- 
 Duet Private Equity              Tel: [phone] 
  Investment Advisor, David 
  Mattey 
-------------------------------  ------------------------------- 
 Cenkos Securities                Tel: [phone] 
  Stephen Keys, Adrian Hargrave 
  (Nominated adviser) 
  Russell Kerr, Alex Aylen 
  (Sales) 
-------------------------------  ------------------------------- 
 Redleaf Polhill                  Tel: [phone] 
  Emma Kane, Henry Columbine       E: [e-mail] 
-------------------------------  ------------------------------- 
 

Notes to Editors:

-- Itacare Capital Investments Limited is a real estate investment company focused on tourism-real estate developments in Brazil. The Company acquires large parcels of land at strategic locations that can be developed and sold to end users with the intention of achieving a minimum IRR of 25 per cent.

-- The Company invests in projects at an early development stage or in strategic land sites that can be acquired at a discount to open market value at current usage.

-- Itacare Capital focuses on beachfront parcels with particular geographic characteristics that maximize sea views and reduce the need for expensive landscaping thus translating into higher margin.

-- Itacare Capital aims to create a development that is better than the best quality development in the local area in order to achieve maximum pricing power.

-- Itacare Capital focuses on high quality residential developments that typically include a number of holiday or second home units, luxury hotels and leisure components. Approximately 70% of our portfolio is targeted to domestic buyers.

   --     Further information is available at www.itacarecapital.com 

This information is provided by RNS

The company news service from the London Stock Exchange

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