The highest concentration of CEPACs will be in the Hélio Pelegrino sector, which covers the area between Iguatemi Street and Santo Amaro and República do Líbano Avenues, with 101,750 square meters of new construction potential.

The Pinheiros sector, which stretches from Eusébio Matoso Avenue to Professor Frederico Hermann Júnior Avenue, will receive 53,850 square meters, while the Olimpíadas sector, which covers Bandeirantes Avenue and Olimpíadas Street, will receive 53,400 square meters. The latter could benefit developments in the area, such as Fonseca’s Tower, which is currently non-compliant due to exceeding the construction potential. The Faria Lima sector will receive the smallest amount of CEPACs, only 41 thousand square meters.

The 650 hectares of the urban operation encompass various plots and owners. There are areas on Santa Justina Street, owned by Partage, a company developing corporate projects such as Paulista 500, which today is part of PETROS' portfolio, and Faria Lima Tower.

Additionally, on Brigadeiro Faria Lima Avenue, there are two plots owned by Bolsa de Imóveis, another company with corporate market expertise, responsible for projects like Plaza JK, Berrini 1511, and others.

The large plot where Extra supermarket used to be, on Presidente Juscelino Kubitschek Avenue, now owned by GTIS, also falls within the boundaries. GTIS, a foreign developer, has iconic projects in Brazil, such as Vista Guanabara and Mauá, both in Rio de Janeiro.

CEPACs are acquired through auctions and traded on the stock exchange. With the certificate in hand, it is possible to increase the construction potential of a development in a specific region.

The law establishes guidelines for developments integrated into the OUCFL. Assets located on plots between 2,000 and 20,000 square meters will receive a 20% incentive of the lot area as computable area, provided they allocate at least 250 square meters at street level, without enclosures, for public use, facing more than one street.

If the plot has at least 500 square meters, the developer may increase the total size of the development by paying an additional fee, as long as certain limits and rules are respected.

In mixed-use developments, up to 20% of the built area may be allocated to stores or offices, but at least 20% of the total space must be designated for apartments or houses.

In non-residential developments, up to 20% of the built area in mixed-use buildings with active facades may be occupied, provided that 20% of the computable area is designated for residential use.

The official text of the law, in its first article, establishes that the funds raised will be allocated to housing, environmental, and mobility projects focused on underprivileged communities, as stated:

“Article 1: The expanded perimeter of the Faria Lima Urban Operation Consortium is defined, which includes the favelas of Paraisópolis, Jardim Colombo, Porto Seguro, Real Parque, and Panorama, where investments will be made, with resources from the Urban Operation Consortium itself, to meet the housing needs of the low-income population and improve environmental, drainage, sanitation, and mobility systems.”

The first paragraph of the law reveals that at least 35% of the funds raised must be allocated to Social Interest Housing.