The 23rd floor of the Castello Branco Business Center will be the new headquarters of the Rio de Janeiro Council of Architecture and Urbanism (CAU RJ). The building occupies a prime location on Av. República do Chile 230, in the Rio de Janeiro city center; the property belonged to Chevron and was sold by CBRE. Through this sale, Chevron decreased its exposure in the real estate market, a segment in which it does not have expertise and that doesn't bring any synergies to the core business of the company. In addition to profiting from the transaction, Chevron also no longer bears the costs of the building and urban land tax (IPTU), condominium fees or maintenance of the 961.56 m² private floor that was vacant.
The current CAU RJ headquarters are located at Rua Evaristo da Veiga 55 with leases for the 16th and 21st floors. This leads to problems of accessibility, poor control of building access and insufficient space for its tenants divided between two floors, and makes communication and management of activities difficult. CAU RJ's move to the Castello Branco Business Center, a building with better specifications than the current one, reflects the current trend in the real estate market, which has been dubbed "flight to quality." The future site, besides offering employees more comfort and safety, has an auditorium that is a point of differentiation for the Council, which it will use to hold events and lectures. In addition, CAU RJ benefited by closing this transaction at a time when the market was favorable for acquiring property.
The Castello Branco Business Center is located in a prime area of corporate offices and provides an excellent business infrastructure and services such as bank branches, hotels and countless restaurants. It is served by various types of public transportation, being close to the Carioca subway station and both lines of the VLT, in addition to several bus routes.
Built in 1973 as headquarters for Banco Nacional de Habitação [National Housing Bank] (BNH), designed by architects and urbanists Haroldo Cardoso de Souza and Rogério Marques de Oliveira, Castello Branco received recent investments for upgrades and improvements, such as the modernization of faster elevators with advance call, replacement of emergency generators, construction of an external emergency stairway and optimization of the cold-water generation system. Through this, the facility offers CAU RJ and its other tenants high-level technical specifications compared to more modern buildings in the country.
Want more information on the Castello Branco Business Center? Please e-mail [email protected]
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or call +55 21 2543-4345.