In October, the manager Brookfield had the largest deal, which paid R$ 1.77 billion for parts of four high-end buildings on Av. Faria Lima, the financial heart of São Paulo. Areas of the FL Financial Center, Faria Lima Square, JK 1455 and Miss Silvia Morizono buildings joined its portfolio sold by SYN, the new name for Cyrela Commercial Properties.

Also, in October, the manager GTIS Partners bought, for R$ 1.37 billion, four warehouses located at Brazilian e-commerce Disneyland, the regions around São Paulo, such as Cajamar and Barueri. Online retailers occupy all ventures. At the end selling point were other funds from GTIS itself in the disinvestment phase.

Concentration in São Paulo

In February, a consortium of real estate funds from BTG, Safra and Kinea (a manager controlled by Itaú) bought two of the four towers at Rochaverá, a very high-end building in the Chucri Zaidan region, in São Paulo. The R$1.25 billion paid was made up of a South Korean teachers' pension fund managed by Mirae Asset.

Finally, in August, BR Properties sold 55% of a block in the JK Complex, a high-end building also in São Paulo, for R$ 555.9 million bought by the manager JFL.

As can be seen from the ranking, all the largest deals took place in São Paulo. The main transactions were in the warehouse sector outside that state but still in the Southeast.

For R$ 286.9 million, Vinci, from Rio de Janeiro, bought two projects occupied by companies such as Boticário and Fast Shop in Espírito Santo. The real estate fund RBR Log paid R$ 269.4 million for a logistics condominium in Extrema (MG) — a city which, by the way, has been consolidating itself as one of the Brazilian centres of this type of asset.