Ipiranga Produtos de Petroleo S.A. (Brazil)

The Terracap Real Estate Company, created by Law No. 5,861 on December 12, 1972, is a public company of the Government of the Federal District that aims to carry out real estate activities of interest to the Federal District. These activities include the use, acquisition, administration, disposal, incorporation, encumbrance, or alienation of assets. Since 1997, Terracap has also been functioning as the Development Agency of the Federal District, responsible for implementing and executing programs and projects to promote economic and social development in the region, as stated in Decree No. 18,061/1997. To solidify its role as a Development Agency, the District Law No. 4,586 was enacted on July 13, 2011. This law authorized Terracap to definitively act as the Development Agency of the Federal District, proposing, implementing, and executing programs and projects for the economic and social development of the region. Terracap is empowered to carry out the following actions: 1. Operationalize real estate activities to generate resources for investment in economic and social infrastructure, ensuring long-term sustainability of its revenues. 2. Promote direct or indirect investments in land subdivisions, infrastructure, and buildings for the implementation of urban and housing expansion programs, as well as economic, social, industrial, agricultural, service sector, technological development, and innovation stimulation projects. 3. Construct, maintain, and adapt real estate assets for the provision of public services. 4. Establish public-private partnerships (PPPs), create special purpose companies (SPEs), and promote consortium-based urban operations for the implementation and development of strategically important projects as determined by the Government of the Federal District. 5. Conduct studies, research, and regular data collection, consolidation, and dissemination related to urban planning, housing provision, and the real estate market in the Federal District. With these changes, Terracap's corporate purpose is fully aligned with its new organizational business dimension, making it institutionally capable of meeting the demands as the agency responsible for the development of the capital city.