It takes place this Tuesday (19) in B3 the 6th Public Distribution of the Operation Urban Consortium Faria Lima, an online auction of 164.5 thousand authorizations for the increase of real estate in the region of Faria Lima, in São Paulo.
The event, valued at R $ 2.9 billion, is expected to last 15 minutes: from 12:30 to 12:45 today. The minimum bid for each auctioned Cepac is R $ 17,601.
Cepac is the acronym for additional construction potential certificate, which consists of a furniture title, issued by the City Hall of São Paulo, used as a means of payment of counterpart for the grant of additional urban law within the perimeter of an urban consortium operation. Each cepac.
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The city of São Paulo, like any other municipality, has construction limits and rules of land use and occupation. But when buying a grant, the owner gains the right to increase the built area of his property (in square meters) above the basic limits established in the municipal legislation.
In the case of specific areas, called consortium urban operations, this grant can only be paid through a CEPAC, each of these certificates “equals a certain square meter value for use in additional construction area or modification of uses and parameters of a land or project”.
Today’s distribution, which will take place through the B3 electronic negotiation system, will be coordinated by BB – Investment Bank SA, with intermediation on account and order operationalized by Genial Investimentos.
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Procedures for participation in the auction and settlement of operations are available in published on the B3 website.
Faria Lima Consortium Urban Operation
The perimeter of the Faria Lima Consortium Urban Operation covers part of the neighborhoods of Pinheiros, Jardim Europa, Jardim America, Itaim Bibi, Moema, Vila Nova Conceição and Ibirapuera. See the map below:
No construction bonus
In 2024 the city of São Paulo revised the authorizations related to Cepacs already sold in the region, increasing its constructive potential by 30%.
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This decision was challenged by the Public Prosecution Service and the São Paulo State Court of Justice complied with the request, suspending the “bonus”. The injunction was issued last Friday (15).
According to Estadãothe city evaluates a possible request for reconsideration to the TJ-SP, which claims that it has not received any official notification on the subject.
Potential participants
Among those to the event is Partage, a company of commercial properties of the Dellape Baptista family, one of the founders of the pharmacist Aché, and owner of Birmann 32, known as the whale building; Stan and Real Estate Stock Exchange.
