Autonomy's FII Announces New Tenant and Leases 100% of Dow's Former Space at Rochaverá Complex Building

Dow Brasil, which had been leasing the entire property since 2010, had already announced that it would leave the building at the end of 2023, but remained with an lease contract in the tower until January 2025.
New leases are being made at values below Dow's contract and include discounts and free rents.

André Dias, Asset Management Director at Autonomy Investimentos

By: SiiLA News

01/08/2025

The Seven Health Management Group has signed a lease for 11,248.3 m² in the Diamond Tower (Tower D) of the Rochaverá complex, located on Avenida das Nações Unidas in São Paulo. This property is part of the FII AIEC11 portfolio, managed by Autonomy Investimentos. The company will occupy floors two through seven under a five-year lease agreement.

Smurfit Westrock, a packaging solutions provider, also secured a pre-lease for the building in November last year. This agreement covers the ground floor, first floor, and mezzanine, with occupancy set to begin in January 2025. With these two leases in place, the property will remain 100% occupied following Dow’s departure, as the company had previously leased the entire building.

The average lease rate for recent transactions in Tower D is approximately R$100/m² (BOMA area), factoring in discounts and rent-free periods. Subscribers to SiiLA's Market Analytics platform have full access to comprehensive insights into the building's leasing activities

Dow’s Exit Marks a New Chapter for Tower D Leasing Agreements

Complex Rochaverá

Since its opening in 2010, Tower D of the Rochaverá complex has been occupied by Dow, a global leader in chemical and biological technology. Although Dow announced its departure in 2023, the lease remains active until January 14, 2025.

In 2020, Dow renewed its lease under an atypical agreement at a rate of R$132/m² for the BOMA area. In contrast, recent lease agreements have been finalized at lower rates, incorporating incentives such as discounts and rent-free periods.

According to SiiLA’s Market Analytics platform, the building’s current market rent is R$120/m², which exceeds the regional average for the Chucri Zaidan area, where the property is located. Subscribers to SiiLA's platform can access in-depth information on the building’s leasing transactions, including market rent data, tenant profiles, and more.

*The REsource team reached out to both Autonomy Investimentos and the Seven Group, but did not receive a response by the time of publication.

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