Over the past 17 years, large-scale real estate projects have dramatically altered the skyline of São Paulo. Corporate complexes featuring offices, shopping malls, and even residential towers have emerged, transforming the city's corporate market. The first wave began in 2008 with the delivery of the two initial towers of Rochaverá: Ebony and Marble.

These two buildings marked the beginning of an era of megaprojects. Each tower covered 25,000 m², and in 2010 and 2012, two more towers, Crystal and Diamond, were added to the site.

In simple terms, megaprojects are large-scale developments designed by companies to meet strategic needs, often involving multi-billion-dollar investments and extended execution timelines.

Due to their scale and complexity, it’s common for these projects to be delivered in phases—a trend often seen in industrial properties but rare in office development. A prime example of this is the JK Complex.

The first tower, Santander, was completed in 2009, with the remaining towers, D and E, delivered four years later. The final tower, Daslu, was completed in 2015. Additionally, the JK Iguatemi Mall opened in 2012.

Given the high investment involved, these projects are usually conceived as Class A+ assets, though this is not always the case. The Parque da Cidade is an example, with six corporate towers and a shopping mall. Five of the towers are Class A+, but one, the Tarumã Tower, delivered alongside the Sucupira Tower in 2015, is Class C.