Nubank leases Cyrela Oscar Freire and helps stabilize the market amid the financial institutions crisis. Check out the details of the transaction!

SiiLA’s research team found that the asking rental price at Cyrela Oscar Freire is around BRL 190 per sqm, with an eight-month rent-free period. Considering the rental rate and the leased area, the monthly rent reaches approximately BRL 6.68 million.

Classified as a Class A+ asset, the building is scheduled for delivery by the end of August 2026 and features a total leasable area of 45.5 thousand sqm, with floor plates averaging 2.18 thousand sqm. Comprising 22 floors and 352 covered parking spaces, the development will be delivered with 100% of its area fully leased.

When analyzing this quarter’s movements, the lease of Cyrela Oscar Freire alone is sufficient not only to offset the space returns from recently liquidated financial institutions, such as Banco Master and Will Bank, but also to boost net absorption figures in the market.

Currently, Grupo Master occupies three properties: Auri Plaza Faria Lima, Pátio Victor Malzoni, and the iconic B32. Will Bank, in turn, was located at WT Nações Unidas. Combined, these space returns total approximately 26.3 thousand sqm.

In contrast, Nubank’s new lease at Cyrela Oscar Freire alone amounts to 35 thousand sqm, resulting in a positive net absorption of approximately 8.7 thousand sqm. This movement helps neutralize the negative impact of the crisis affecting other financial institutions and contributes to keeping the corporate office market balanced.

The expansion takes place alongside the adoption of a hybrid work model by the company, which had previously operated predominantly under a 100% remote regime. The new guideline will take effect in July 2026, when approximately 70% of employees will be required to attend the office at least two days per week.

The goal is to preserve the flexibility that is characteristic of the company’s culture while strengthening team integration in the physical workplace, enhancing collaboration, knowledge exchange, and a sense of organizational belonging.