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Capitânia Office FII (CPOF11) announced on Wednesday (7) that it has signed a purchase and sale agreement to acquire a stake in the Lotus Tower complex, located in the Asa Norte district of Brasília (DF). The transaction value may reach BRL 1.93 billion, depending on the total area ultimately acquired by the fund, which is still under evaluation.
Currently under construction, the project consists of four Class A+ corporate office towers, with a total net leasable area of up to 88,265 square meters. Delivery is scheduled for the first half of 202
In an exclusive interview with REsource, Alexandre Alfer, real estate fund manager at Capitânia Investimentos, said the decision is supported both by the asset’s quality and by the characteristics of the local market:
“It is a high-quality asset with an attractive cap rate. One of the towers is already leased under long-term non-standard contracts...
The ongoing sale transaction is priced at BRL 21,866 per square meter. The payment structure includes a 10% down payment after the fulfillment of precedent conditions, with the remaining balance to be paid upon the issuance of the certificate of occupancy (Habite-se) for each tower, in accordance with the contractual schedule. All amounts will be adjusted by Brazil’s consumer price index (IPCA) until the payment date.
According to the market disclosure, the selling company has committed to delivering the properties fully leased. If this condition is not met, CPOF11 will be guaranteed, for a period of 12 months following the issuance of the certificate of occupancy, a net monthly income equivalent to an annual yield of 8.71% on the value of the unleased areas.
In the statement, the manager reiterated that the acquisition is aligned with the fund’s strategy of investing in high-quality corporate assets, located in regions with consistent demand and long-term lease agreements.
Data from SiiLA’s Market Analytics show that Brasília’s office market closed 2025 with a vacancy rate of 7.84%. Demand is primarily driven by public agencies and government authorities, which account for the majority of office space occupancy in the federal capital.











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