Business · Companies · 5 hrs ago
São Paulo Metro selects Brio proposal for development at three terminals
The São Paulo Metro selected Brio Investimentos to develop property at terminals linked to Vila Madalena, Vila Mariana and Belém stations.
The Metro says the terminals together receive more than 207,000 passengers on each weekday.
Brio may build above the stations, but construction must not disrupt Metro operations.
The Metro has not set the type of development, and each project must be approved by the company.
Brio will lead planning and financing, while the Metro will provide the properties and take part in a fund; the Metro will not contribute money.
The Metro expects the arrangement to provide revenue beyond passenger fares, but it has not estimated how much it will receive.
The developments are to be completed within five years under the stated terms, and the Metro can reclaim the properties if the projects fail or are seriously interrupted.
São Paulo Metro selected Brio Investimentos’ proposal for real estate development at the Vila Madalena, Vila Mariana and Belém terminals.
Brio will have the right to develop the airspace above the stations, whose operations must not be disrupted by construction.
The terminals together cover 17,426 square metres and receive more than 207,000 passengers per working day.
The Metro will provide the properties but no financial contribution, and will become an investor in a fund created for the project.
The developments must be completed within five years of construction starting.
- Who
- São Paulo Metro selected Brio Investimentos’ proposal.
- What
- Brio will develop real estate projects above three Metro terminals.
- When
- The proposal was selected at the end of the previous month, according to an article published on October 13, 2026.
- Where
- The Vila Madalena, Vila Mariana and Belém terminals in São Paulo.
- Why
- The Metro said it considered economic return, lower risk, Brio’s financial capacity and its experience in real estate projects.
This story does not have two clearly opposing sides.
São Paulo Metro published the tender notice for the development initiative.
The Metro selected Brio Investimentos’ proposal as preferred at the end of the month.
Estadão reported the selection and details of the project.
- Terminals
- Vila Madalena, Vila Mariana and Belém
- Combined area
- 17,426 square metres
- Passengers
- More than 207,000 per working day across the three terminals
- Vila Madalena
- 3,784 square metres; about 42,000 passengers per working day
- Vila Mariana
- 8,276 square metres; about 105,000 passengers per working day
- Belém
- 5,366 square metres; about 60,000 passengers per working day
1 source
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What people are saying
We pay the company's bills with the value of fares paid by passengers transported, but also with non-fare revenue. By generating new businesses, we contribute to the company's financial balance.
During that period, the sale of land served as emergency financial support and generated about R$1 billion for the company's coffers.
We want to participate alongside the development.