Cyrela, Lavvi and Hines team up for billionaire project

Recently, Cyrela Brazil Realty, along with Lavvi and Hiens, announced a partnership for a new project in São Paulo, more precisely between the west and south of the capital. The former Kibon factory. In addition to Kibon, brands such as Caloi, Bosch and Smart have already had their factories at this address.

Located between Avenidas Roque Petroni Jr, Avenida Santo Arcádio and Rua Pássaros e Flores, the plot land has approximately 42,000 sq metres and has been empty for almost 20 years.

The works of the mega-project will take roughly five years to complete and will be phased over 18 months. There will be seven towers, six residential and one corporate, in addition to a mini shopping centre.

The first residential building will be launched later this year, followed by the second one in 2023. The area was previously owned by Hines, with whom Cyrela initially signed a partnership. After the agreement, Lavvi partnered with an investment of R$ 42.3 million. According to the project, the corporate tower should have 17,000 sq metres and the mini shopping centre 5,500 sq metres.

The project's overall sales value (GVG) is estimated at R$2 billion. Cyrela and Lavvi each own 45% of the project, and Hines, 10%.

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