LELLO CONDOMÍNIOS AND HUBERT MERGER

With exclusive advisory from Pulsar Invest, the partners of Lello Condomínios and Hubert Administração de Condomínios e Imóveis completed the merger of their operations, consolidating the new company's position as the largest condominium management company in Brazil, with a 17% market share in São Paulo.

Founded in 1954, Lello stood out as one of the largest condominium management companies in the country, always innovating with technologies to enhance its clients' experience. In turn, Hubert, one of the most traditional in the sector in the state of São Paulo, consolidated itself through quality service and strong client retention.

The combination of the two companies creates a group with a portfolio of 4,200 condominiums and 16,000 properties in the city and metropolitan region of São Paulo.