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Pharmaceutical company Santa Cruz Ranks First in First Semester's Largest Tenants in Industrial Properties

  • Check out the three companies that absorbed the most area in logistics condominiums in the first six months of the year.
Centeranel Cajamar, delivered in the third quarter of last year.
Centeranel Cajamar, delivered in the third quarter of last year.
By: SiiLA News
08/14/2023

In the dynamic landscape of industrial properties, leasing activities have remained vibrant throughout the first half of the year. Based on data and market statistics from the Market Analytics platform, we present an exclusive ranking for REsource readers. Let's delve into the details:

1. Distribuidora de Medicamentos Santa Cruz - Centeranel Cajamar (A+)

The leader of the ranking was the pharmaceutical company Santa Cruz, occupying an impressive 67,514 square meters at Centeranel Cajamar. This movement highlights a prevailing trend of expansion among companies within the pharmaceutical sector, as they increasingly lease space in strategically positioned industrial properties.

Situated in the Cajamar region of São Paulo, this asset was delivered less than a year ago, in Q3 2022, boasting a Gross Leasable Area (GLA) of 90,193 square meters. In fact, the REsource editorial team attended the asset's inauguration event; you can find the complete coverage here. Developed by Racional Engenharia, the facility boasts LEED Silver certification and holds an A+ rating.

2. Shein - GLP Guarulhos II (A+)

Following closely is Shein, the Chinese e-commerce giant, making a significant statement with a leasing space of 55,252 square meters at GLP Guarulhos II. Completed in 2021, this property boasts an impressive 250,139 square meters of GLA and is situated in the city that shares its name, Guarulhos.

Shein had previously leased space within the asset and has now expanded its occupancy. This recent move was covered in a REsource article; you can read more about it at this link. This expansion underlines the critical need for top-tier infrastructure to accommodate logistics operations, especially for companies operating within the e-commerce sector, where efficiency and agility are paramount in meeting market demands.

3. Mercedes-Benz - HGLG Itupeva (A+)

Claiming the third spot on the podium is Mercedes-Benz, solidifying its position among the prominent lessees within the Vehicles and Parts sector. The company has acquired 44,965 square meters at HGLG Itupeva.

While physically located in Itupeva, São Paulo, this development, as per SiiLA's monitoring, falls within the Jundiaí region. The property boasts an impressive 89,976 square meters of GLA and is part of the real estate investment fund HGLG11, under the Credit Suisse real estate management portfolio.

The leasing momentum within industrial properties underscores the continuous significance of this sector in the country's economic landscape. Curious about which companies have secured the most leases in the office segment this semester? Explore the full content here.

For comprehensive access to commercial real estate market data, complete regional performance analysis, and activity monitoring, discover the SiiLA Market Analytics solution!

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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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