Developers bet on hybrid buildings with open spaces

At the construction company Tecnisa, the order is to focus more on residential developments. The company even has plans to build new corporate buildings, especially if it finds good opportunities for a plot of land. However, for Alexandre Mangabeira, executive director of development, there is still a blurry movement about whether people will return to the office in the post-pandemic or not.

Therefore, the company is betting more on hybrid buildings, in which most floors include residential apartments, but there are some reserved for coworking spaces, which the company intends to lease.

Tishman Speyer, a company that invests in projects in Brazil and worldwide, is eyeing assets that address this new moment for offices, such as buildings with more open spaces. According to Daniel Cherman, the company's general director in the country, the idea was to seek opportunities for the renovation of buildings ("retrofit"). One of the company's investments was the acquisition of the former headquarters of Serasa Experian on Avenida Indianópolis.

The company does not deny its intention to participate in new construction for the foreseen future, but it is always keeping an eye on the pandemic and the vacancy rate. "Decision making needs to be quick for buildings to be delivered within five years when I believe demand will be greater than supply," says Cherman.