OR concludes negotiation of the United Nations project (Carrefour)

Last week, on March 5^th, the negotiation of the United Nations Project (Carrefour) with the W/Torre group was concluded. Located on a 60 thousand m² lot on Av. Nações Unidas, Chácara Santo Antônio, São Paulo, the project will consist of a mixed tower (corporate and residential), a corporate tower, which will be the highest of São Paulo, a residential tower, in addition to a new and modern hypermarket and shopping center of Carrefour group. All this near a square with more than 34,000 m² with free public circulation.

Located on a land owned by Carrefour, where the group’s first store in Brazil operates, the project started to be developed by OR in 2013, and was approved by the city government in 2017.

According to Alexandre Nakano, superintendent director of the Southeast regional who was in charge of the negotiation “This sale is part of the scheduled asset demobilization agenda that is been made in recent years and will enable OR to prospect new business. Undoubtedly, it is a very important move to enter into a new growth cycle”

Aline Torti, development responsible in São Paulo, who has followed the project from the beginning, also reinforced the importance of this negotiation for OR: “The sale of OR’s position in this large development is in line with the company’s planning for the next three years, focused on resuming growth with smaller developments, shorter cycles and more controlled risks”