Santos is a new focus for real estate investments in São Paulo

Leitura de 6min

Like Santos, surrounding cities, like Praia Grande, São Vicente, Guarujá, Cubatão and Bertioga, tend to develop at the same speed.

Located on the São Paulo coast in a region known as the Baixada Santista – literally, the Santos Lowland – the city of Santos is home to the largest port in Latin America. Santos today has more than 400,000 inhabitants and generates 2.4% of the state’s GDP, giving the city the 20th largest GDP in Brazil. This brief description offers just a brief introduction to one of the places with the greatest
potential for real estate development
in the coming years, and was a highlight of the Real Estate Research – Santos report produced by the Research and Market Intelligence area at JLL.

Projeto do Edifício Oceanic Santos, localizado no bairro José Menino em Santos | Foto: Maíra Acayaba

One of the factors driving this process was the announcement by Petrobras of investments in the region. These have been boosted by the discovery of offshore sub-salt petroleum eserves. Others were the stimulus to shipbuilding and the plans to build new port terminals.

Expectations are that by 2015 some 130,000 jobs will be created in the oil and port sectors in the implementation phase alone, with 71,000 in the operational phase, and this is without counting indirect job creation, and all of this will increase the demand for commercial and residential buildings,” said Marcelo Sasaki, manager of JLL Research. Resources allocated to the two sectors look set to total R$176 billion, h
e said.

Adjacent cities such as Praia Grande, São Vicente, Guarujá, Cubatão and Bertioga will also tend to develop at the same speed as Santos. “Praia Grande, which lies 17 km from the Port of Santos, will have an airport, while a 900-meter tunnel will be dug to connect Guarujá with the city to Santos,” said Sasaki. Other projects that promise to transform the landscape of the Baixada Santista in the coming years include building a light rail transit (LRT) system between the Valongo neighborhood of Santos and Ponte dos Barreiros in São Vicente, with expansion of the Valongo port and modernization of the dockside.

The strategy developed just for the Port of Valongo gives an idea of the extent of the development. Work at Valongo includes construction of a passenger terminal to serve 12,000 tourists per day, tourism offices, offices for public agencies, an oceanographic scientific center linked to the University of São Paulo, sh
ops, restaurants, a marina, an exhibition area and a luxury hotel.

Other plans include building a Petrobras base in Valongo that will generate 1,200 jobs during construction and 6,000 direct jobs by 2017. The company currently has 1,300 employees located onshore and another 3,000 offshore,” Sasaki said.

JLL is fully attuned to these trends and is participating in the growth of the market. The company is providing real estate consultancy services in the areas of leasing and management for Oceanic Santos, a high-end commercial building in the José Menino neighborhood that was developed via a partnership between Harte Realty and Oásis. The development a built area has 16,000 m2, of which 8,500 m2 is available for offices.

Oceanic Santos offers complete infrastructure to meet the needs of companies located in or planning to move into the region, in particular in the areas of oil and gas, energy and foreign trade, among others. Features include a raised floor, the air-conditioning system, modular ceilings with lighting, a generator serving common and private areas, five elevators and 170 parking spaces.