BTG Pactual signs a 12-year lease agreement with Mercado Livre for G200 at Zolver Bandeirantes

This agreement makes the asset the largest built-to-suit (BTS) under development in the country

Founder & CEO at Zolver, Luiz Felippe Delmazo

By: SiiLA News

09/02/2025

On Monday (1), BTG Pactual signed a built-to-suit (BTS) lease agreement with Mercado Livre for the remaining module of the logistics park in Cajamar, Zolver Bandeirantes. The transaction is priced above R$36/m² and refers to G200, which has a GLA of 102,638 m².

With this lease, Mercado Livre will fully occupy the project, totaling 227,625 m², positioning the asset as the largest BTS under development in Brazil.

The contract was signed for 12 years and includes penalties for early termination. The term will begin once the tenant takes occupancy of the property, expected in the first quarter of 2027.

REsource contacted Zolver for comments, but the company declined to comment on the matter.

Zolver Bandeirantes

Rendering of the completed property

A Class A+ development, Zolver Bandeirantes is located along the Bandeirantes Highway, with easy access to the Mário Covas Beltway, and just 50 km from downtown São Paulo.

The complex is divided into two warehouses: G100, already leased by Mercado Livre, with a GLA of 125,100 m² and 256 docks; and G200, recently leased, with a GLA of 102,638 m² and 204 docks.

Mercado Livre

According to SiiLA’s Market Analytics platform, Mercado Livre is currently the largest occupier of logistics properties in Brazil, with a total leased area of 1.762 million m².

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