Paladin Realty Launches “CORE”, a Mixed-Use Development in São Paulo, Brazil, Sells 70% of Units in Opening Week
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today the launch of its latest mixed-use development, “CORE”, located in São Paulo’s upscale Pinheiros neighborhood. The 512-unit project is a mix of for-sale residential, hotel, and medical office space, anchored by a ground-floor medical clinic to be operated by Brazil’s leading healthcare operator. In its first week of sales, the project pre-sold 63% of its housing units and 85% of its medical office units. The hotel is expected to be launched in the coming weeks.
Paladin Realty is co-developing the project with YOU, Inc., a long-time residential development partner of Paladin Realty, and Toledo Ferrari, a prominent construction and development firm. The nearly one-acre site enjoys an excellent location in a bustling, upper-income submarket of Brazil’s largest city, a short walk to the Oscar Freire metro station as well as one of São Paulo’s principal hospitals.