Cyrela, CPP Investments, and Greystar Announce Partnership with SKR in Brazilian Multifamily Development Venture
Posted on 01/20/2021
Cyrela Brazil Realty (Cyrela), Canada Pension Plan Investment Board (CPP Investments), and Greystar Real Estate Partners, LLC (Greystar) announced 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. 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. CPP Investments continues to see increasing demand in the rental multifamily sector in Brazil.
Silvio Kozuchowicz is the Founder of SKR. SKR is a real estate development and construction company focused on the high-end market, a recognized brand within the Brazilian residential market with over 35 years of existence. Cyrela Brazil Realty is among the largest residential property developers in the Brazilian real estate market. Greystar is a fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated US$ 200 billion plus of real estate in nearly 200 markets globally.