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This Monday (22), one of the developments scheduled for delivery this year, River South, obtained its occupancy permit (habite-se) on Christmas Eve. In a year-end gift-like moment for Tellus Real Estate Investments, the owner of the asset, the building has already left the drawing board with a clear destination: it was leased in 2025 to Wise Capital.
The contract was signed for a 10-year term, covering 14,000 sq m of leasable area, with a monthly rent of R$ 1.96 million, equivalent to R$ 140/sq m. With the lease, the occupancy rate of the newly inaugurated asset would reach 67.7%.
REsource contacted both parties for clarification; however, it did not receive a response from the companies.
Located at 190 Agostinho Cantu Street, close to major corporate hubs such as Vila Olímpia and Faria Lima, the A+ class asset—scheduled for delivery on December 30, 2025—had its occupancy permit signed last Friday (19), with official communication released on Monday (22).
A mixed-use development, the project also includes residential floors, in addition to a ground floor with four retail units. The building comprises 10 floors, seven elevators, and 288 covered parking spaces, totaling a built area of 20,609 sq m. The corporate floor plates have an average area of 2,060 sq m, with a clear ceiling height of 2.80 m. The building is also equipped with a central air-conditioning system, generators for common and private areas, bicycle parking, and 24-hour security.











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