# The retail empire expands its domain and sets a new landmark on the Campinas skyline

Grupo Iguatemi breaks ground on a top-tier office tower backed by more than R$ 230 million in investment, with delivery scheduled for 2028.

- Section: Real Estate
- Published: November 10, 2026
- Address: https://ceoone.com.br/en/article/the-retail-empire-expands-its-domain-and-sets-a-new-landmark
- Em português: https://ceoone.com.br/artigo/o-imperio-do-varejo-expande-os-seus-dominios-e-fixa-novo-marco-no-hori.md

![The white facade of Shopping Iguatemi Campinas, with its large canopy and Iguatemi sign, framed by trees under a blue sky](https://pub-b80e49b2737940b3ab5d3f20d0578192.r2.dev/artigos/o-imperio-do-varejo-expande-os-seus-dominios-e-fixa-novo-marco-no-hori-foto-horizontal.webp)

Photo: Courtesy of Iguatemi

## Key points

- Grupo Iguatemi has begun building a corporate tower integrated into Shopping Iguatemi Campinas, with an estimated investment of R$ 232.4 million.
- The triple A building will have flexible floor plates, biometric access control and a sustainability certification, with delivery scheduled for 2028.
- Entire floors or fractions will be sold or leased, with rents per square meter expected to match the most upscale neighborhoods of São Paulo.

The real estate and corporate market in the interior of São Paulo state has just gained a heavyweight new benchmark. Grupo Iguatemi has officially begun construction of its newest corporate tower, integrated into the Shopping Center Iguatemi Campinas complex. With an estimated investment of R$ 232.4 million, the project reinforces the company's bet on the mixed-use development model, bringing work, shopping and dining together at a single prestigious address.

## Triple A infrastructure and sustainability at the heart of the project

Designed to serve large multinationals, law firms and technology companies, the new building features technical specifications of the highest international standard. The structure will offer large, flexible corporate floor plates, high-efficiency air-conditioning systems, biometric access control and a sustainability certification for reduced energy and water consumption. Completion and handover of the keys to future occupants is officially scheduled for 2028.

The decision to build the tower on the mall's grounds is no accident. By integrating premium offices into the mall's established infrastructure of fine dining, services and international luxury stores, the company creates a self-sufficient ecosystem for executives and employees. The convenience of taking care of personal errands, hosting business lunches and reaching major brands in one place has become a decisive asset in the post-pandemic commercial real estate market.

## Land appreciation and impact on the regional economy

Campinas is consolidating its position as one of the country's leading economic and technology hubs, attracting a steady flow of large-scale investment. The arrival of the new corporate tower raises the bar for the office market in the metropolitan region, competing for the attention of corporations seeking to move their headquarters out of the state capital without giving up sophistication and urban connectivity.

## Investment ranges and leasing

The commercialization plan for the units includes options to lease or buy entire corporate floors or custom-sized fractions. Although final condominium fees and rents will be set as the 2028 delivery approaches, industry estimates point to rents per square meter in line with the most upscale neighborhoods of the city of São Paulo, reinforcing the development's status as some of the most valuable square footage in the interior of the state.

Grupo Iguatemi's move reaffirms the appetite of large real estate conglomerates for long-maturing fixed assets. By combining the dynamism of retail with the stability of long-term corporate leases, the company is building not just a new architectural landmark on the Campinas skyline, but a solid value-creation platform for its asset portfolio.

## Sources and editorial notes

- Reference reporting and publications: Valor Econômico, Exame Imobiliário, Brazil Journal and Estadão Imóveis.
- Sources interviewed and institutions cited: Grupo Iguatemi S.A., Iguatemi Campinas and commercial real estate consultancies.

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