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New office buildings are delivered in São Paulo. Check it out

New office buildings are delivered in São Paulo. Check it out
New office buildings are delivered in São Paulo. Check it out
04/06/2021
The city with the largest assets of offices in Brazil grew even more in the first few months of 2021. In all, four new office towers were delivered in São Paulo, which has now over 8 million square meters of Class A + developments, A and B, according to the most recent data from SiiLA Brasil.

The highlight among deliveries is the Parque da Cidade - Torre Corporativa B1 Aroeira, a high-end development (Class A +), which integrates a large corporate complex in the city, Parque da Cidade. The area has a further five office towers, a park, Shopping Parque da Cidade, and the 5-star Four Seasons hotel in addition to the newly delivered tower.

“Located in Chucri Zaidan region, Torre Aroeira has been standing out every year as a major commercial region in the city of São Paulo. Several companies choose the region to place their headquarters, so much so that the newly delivered project already has an occupancy rate above 40% ”, adds SiiLA Brasil CEO Giancarlo Nicastro.

The Pinheiros region, which is part of the CBDs (Central Business Districts) regions of São Paulo, also received a new development: Cardeal Corp, located on Cardeal Arcoverde Street. The building has eight floors, all leased to Camicado, and is owned by the Vinci Office FII Fund.

Outside the CBDs regions, the other two projects delivered in the period are Class B. One of them is Verona Verticale, located in the Moema region and which has 16 floors, still unoccupied. The other project delivered is Europa 105, located in the Jardins region. Like Cardeal Corp, it was 100% leased when it was delivered. The tenant is BTG Pactual.

Check out the new list of offices in São Paulo

The city of São Paulo received four new projects in the 1st quarter of 2021. Check out the new deliveries:

1) Parque da Cidade Torre Corporativa B1 Aroeira

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Located in Chucri Zaidan, the upscale Parque da Cidade development delivered a commercial tower, Torre Aroeira.

With 39,437 square meters, the new tower has 23 floors that can be divided into four units. Each floor has 1,682.50 m², central air conditioning, and a ceiling height of 2.70 meters.

2) Europe 105

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Located at Jardins, south of São Paulo, the Europa 105 building has only two floors distributed in 4,863 m² of total private area.

3) Verona Verticale

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The Moema region also got a new class B development. The Verona Verticale building, delivered in January, with 16 floors and a total private area of 6,000 square meters.

4) Cardeal Corp

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Located in Pinheiros, on Cardeal Arcoverde Street, which gave the project its name, the Cardeal Corp building has eight floors with a 2.70 m ceiling high and 2,500 square meters of total private area. 

COMING SOON! ACCESS MARKET AND OCCUPANCY STATISTICS FOR THE 1ST QUARTER OF 2021!

Did you know that the new Market and Occupation statistics will soon be available on siila.com.br?


Follow the performance of Brazilian commercial real estate with SiiLA Brasil Statistics.

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ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

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