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The ten largest real estate deals in São Paulo in 2021

Acquisitions of large corporate buildings in Brazil's financial center had a heated year. The largest transaction involved R$ 1.7 billion.
Acquisitions of large corporate buildings in Brazil's financial center had a heated year. The largest transaction involved R$ 1.7 billion.
12/27/2021
The end-of-office prophecy did not come true. After a year of business stiffness due to the coronavirus pandemic, 2021 was marked by the increase of vaccination and the reactivation of the billion-dollar business of selling and leasing corporate buildings in São Paulo, Brazil's leading financial centre.

The macro-environment is challenging: with the Selic rate rising, brick real estate investment funds (FII), one of the key capital practices for large transactions, face difficulties with prices below book value.

The survey of the biggest deals in São Paulo in 2021 was carried out by SiiLA, a company operating in data and analysis of the Latin American real estate market, at the request of Bloomberg Línea. Some operations – such as the sale of Globo's headquarters in the city to a fund managed by Vinci Partners – stunned the market.

#1 – Miss Silvia, JK 1455, Faria Lima Square, Faria Lima Financial Center: R$ 1.77 billion

#2 – Rochaverá: R$1.255 billion

#3 – JK Complex – Block B (formerly Daslu): R$ 555 million

#4 – Globo Headquarters in SP: R$ 522 million

#5 – River One: R$420 million

#6 – Patio Victor Malzoni (North Tower): R$364.8 million

#7 – JK Complex – Block B (formerly Daslu): R$184.7 million

#8 – Union Faria Lima: R$176.5 million

#9 - JK Financial Center: R$124 million

#10 – Funcef Center: R$81.7 million


Source: Bloomberg Línea

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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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