"Special land", according to the construction company that acquired the Banrisul area in RS.

The company that acquired the structure has not yet defined the project that will occupy space in the central region of the resort.

02/14/2022

It's been a long time since walking along Avenida Beira-Mar de Rainha do Mar, in Xangri-lá, near Avenida Coral, is to come across part of the abandoned beach's history. The imposing structure a few meters from the dunes, which was once a holiday camp for Banrisul, is now a skeleton. The area of almost 11 thousand square meters has been abandoned since 2018, but the land should gain a new development in the coming years.

The area that occupies three blocks were acquired by a construction company that intends to invest and make the place attractive again. D1 Empreendimentos, from Capão da Canoa, bought the land for R$ 4.28 million. It is not yet defined what will be built on the site, but what is certain is that, at least, part of the area will be commercial.

Source: Gaucha ZH

Latam

Brazil

National

CRE

Market Analytics

Transactions

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.