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Retrofits aren’t just for office buildings. Industrial properties can also be transformed and repositioned, notes Marino Mario, CEO of Retha — a company specializing in property management, development of logistics and industrial parks, construction management, leasing, and investment advisory services.
A retrofit is essentially an asset originally designed for one purpose that, over time, undergoes modifications to align with current market needs.
The push for retrofits in the logistics sector is being driven by market dynamics. Scarcity of well-located land, rising construction costs, and pressure for faster occupancy make modernizing existing facilities a strategic alternative.
The process goes beyond functional upgrades. It enhances asset classification, increases profitability, and improves tenant experience. For example, a warehouse once designed for a single tenant may no longer meet today’s needs. A retrofit can subdivide it into multiple modules, but this requires more than just building walls. It involves installing energy and water infrastructure, bathrooms, locker rooms, office areas, and IT systems. A single gatehouse must be reimagined into several independent access points, each catering to different tenants.
Upgrades also cover safety systems, plumbing, fire detection, and alarm installations. Logistics flows must be redesigned as well, since a property previously used by one company may now host multiple clients.
One standout example is Business Park Osasco. Retha led the transformation of a former industrial plant — with 105,922 m² of built area on a 155,186 m² site — turning it from a single-user facility into a multi-tenant industrial and logistics park.
Another ongoing project involves a property owner who once occupied an entire warehouse but chose to sell and subdivide the asset. The process typically begins with a full assessment: painting, maintenance, potential divisions, cost estimates, and expenses. From there, Retha structures a condominium association, contracts security and gatehouse services, and establishes the operations required to run the new development.
Beyond operational efficiency, retrofitting also addresses the market’s growing focus on ESG practices. By repurposing existing structures, developers avoid building on scarce land while reducing environmental impacts. This approach aligns closely with investor expectations around sustainability and social responsibility.
The retrofit trend is expected to gain even more traction in Brazil’s industrial sector, especially in metropolitan areas where land is limited and consumer demand continues to rise. In the coming years, more single-use properties are likely to be given a second life — repositioned as modern, efficient, and highly liquid assets in the market.











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