Paladin Realty launches development in Sao Paulo and JV

Paladin Realty Partners has launched its latest mixed-use development, CORE, located in Sao 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 percent of its housing units and 85 percent 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 CORE project is expected to generate approximately R$400 million ($103 million) of total sales. The investment was made by Paladin Realty’s fifth