Cyrela, CPP Investments and Greystar form partnership for apartments in Brazil

Cyrela Brazil Realty, Canada Pension Plan Investment Board (CPP Investments) and Greystar Real Estate Partners have formed a partnership with real estate developer SKR to develop, own and operate a purpose-built rental multifamily project in the Pinheiros/Rebouças district of São Paulo, Brazil. Expected to be delivered in 2023, the asset will be a new and centrally located high-rise optimized for rental operations and a signature community lifestyle.

“It’s an opportunity and privilege to be part of a venture with global partners such as Cyrela, Greystar and CPP Investments — recognized experts in developing and managing institutionally owned rental residential buildings. I am certain that this will be the start of a solid partnership that will promote the development of several projects catered to this new growing asset class and demand from the Brazilian residential market, which is in constant transformation. A venture of this magnitude consolidates our position and