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EXCLUSIVE: Nubank leases new building in Pinheiros after backlash over end of full remote work

  • The move marks a new round of the bank’s physical expansion and takes a Class A asset — delivered just a year ago — out of vacancy
Livia Martines Chanes, Chief Executive Officer of Nubank Brazil
Livia Martines Chanes, Chief Executive Officer of Nubank Brazil
By: SiiLA News
11/25/2025

After announcing its return to in-person work, Nubank has just signed the full lease of Capote 210, in Pinheiros. The building — with 14,800 m² and located between Capote Valente and Oscar Freire streets — is owned by HSI and Idea!Zarvos. The agreement sets a ten-year lease term.

The new space sits on the same street as the digital bank’s main headquarters, the Rebouças Module. The information is exclusive to REsource and was confirmed by internal sources involved in the transaction.

With this move, Nubank aligns itself with other financial institutions that have been expanding and bringing operations back to physical offices. Capote 210 is a Class A asset that had been completely vacant for a year — it was delivered in November 2024.

The new building is twice the size of the Módulo Rebouças , its main headquarters. Currently, the building’s market rent averages around R$ 130/m².

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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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