Chinese energy company acquires all residential development units in Leblon

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The State Grid Corporation (the “State Grid”), the largest electricity concessionaire in the world and owner of CPFL Energia, purchased a building with 54 apartments in the Rio de Janeiro neighborhood of Leblon, with an estimated Potential Sales Value of more than BRL 200 million reais. The building is strategically located between the beach and the subway station, which allows its residents to easily move around the city, including the employees of the company, located in the Centro neighborhood of Rio de Janeiro, who eventually come to reside in the said undertaking…