With an impressive investment of R$ 190 million, São Paulo's upscale logistics condominium market has just unveiled its latest addition, the Castelo 57 Business Park. Situated in São Roque, within the Sorocaba submarket and a mere 64 km from the state capital, this development is the result of a collaborative effort between Fulwood and Vinci Partners, and joins the VILG11 portfolio, Vinci's logistics FII, the Brazilian REITs. Recently, a opening ceremony was held, featuring an presentation and guided tour for prominent figures in the real estate industry and local government representatives.

Gilson Schilis, CEO of Fulwood, shared, "Spanning an expansive 61,500 square meters of leasable area on a sprawling 300,000 square meter plot, we committed a total investment of R$ 190 million to bring this project to life." He emphasized the development's commitment to environmental, social, and governance (ESG) principles, showcasing the movement of over 1.5 million cubic meters of land, all within the confines of full environmental licensing. Schilis further highlighted the property's versatility in meeting the requirements of each client, “including the presence of cross-docking facilities, allowing for seamless truck entry and product exit from opposite ends, facilitating simultaneous loading and unloading operations”.

Mayor Marcos Augusto de Araújo of São Roque graced the occasion with his presence, taking the opportunity to explore the development firsthand. He underlined the pivotal role of logistics in the city's growth, pointing out its strategic location with convenient access to key transportation arteries such as the Castelo Branco and Raposo Tavares highways. Notable infrastructure improvements, such as the expansion of the Castelo Branco lanes and the duplication of the Raposo Tavares, along with enhanced access from the Castelo Branco to São Roque, further contribute to the area's attractiveness. The mayor also highlighted the advantageous proximity of São Roque to the country's largest and only private international airport, as well as the prestigious Catarina Fashion Outlet, the largest in Brazil and the third-largest globally. In addition, São Roque enjoys the benefits of railway connections, including the Rumo line, and boasts fiscal incentive laws that foster economic growth and development. Mayor Araújo confirmed, "At present, we have three fiscal incentive laws in effect: one for the financial and banking sector, another for the airport sector, and a third encompassing logistics, development centers, supermarkets, theme parks, startups, and fintechs."

The delivery of the Castelo 57 has further enhanced the Sorocaba region's logistical prowess, that now offer  500,000 square meters of top-tier industrial property. The vacancy rate remains below 10% in this submarket. The Castelo 57 was delivered entirely vacant.