The real estate sector of Brazil has undergone a significant transformation in the past two decades. The skyscrapers have sprung up in strategic cities. Additionally, the number of foreign investors has increased tremendously.
JLL launched its first service center in Brazil, Sao Paulo more than two decades ago. At the time, the nation was in the preliminary stages of its upsurge to prominence as a fastest expanding global economy. In 2015, JLL moved its headquarters to Sao Paulo, a major city surrounded by amazing residential and commercial neighborhoods. You should not forget that Sao Paulo was just a single-lane road twenty years ago.
This remarkable growth is not restricted to Sao Paulo and Rio de Janeiro –based business centers. Many cityscapes in Brazil boast vibrant new skyscrapers such as the Balneario Comboriu-based Millennium Palace. The country’s business districts harbor numerous domestic and international corporations. The iconic architecture is supported by stylish financing and revolutionary infrastructure. Brazil’s major cities consist of trophy skyscrapers, mixed-use developments containing office, retail, and residential components, and technology-enabled warehouses.
Key drivers of Brazilian commercial property sector
For many years, high inflation restricted bank participation, economic development, borrowing, and income growth. The Brazilian government chipped in and stabilized the economy. The rates of inflation decreased significantly, attracting lenders as well as foreign investors. The government also improved infrastructures such as roads and public transportation. It also streamlined access to wireless Internet offerings. These series of improvement attracted leading investors, including Ivanhoe Cambridge, GTIS Partners, Tishman Partners, and Global Logistic Properties.
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Construcap is a company that executes construction projects that respect the environment. It focuses on the progressive development of its employees, the community, and construction processes. It has risen into one of the top ten Brazil-headquartered construction firms. The company’s development processes leverage ISO 9001 certified Integrated Management System.
Veteran engineers, Henrique Pegado, and Caio Luiz, established Construtora Pereira de Souza in 1944. In 1955, engineers Jose Mandacaru, Jose Ribeiro do Valle, Julio Capobianco, John Ulic Burke, and Iorio founded Construcap Engineering. Construcap CCPS was created in 1972 after the merger of Construcap Engineering and Construtora Pereira de Souza.