Mitre Realty (MTRE3) has entered into a partnership with Construtora Basilar to develop the residential project Casa Parque Cerâmica in São Caetano do Sul, São Paulo, according to an announcement made this Tuesday, October 13, 2026. The Company will hold a 51% stake in the project, which has an estimated total Gross General Sales Value (VGV) of approximately R$ 565 million.
According to Mitre Realty Empreendimentos e Participações S.A., the partnership combines its track record in high-end developments and experience in the real estate market with Basilar’s regional expertise and history, as Basilar is responsible for the project’s original concept. São Caetano do Sul is a municipality where Mitre has already developed projects and which stands out for its high Human Development Index (HDI) and the recent commercial performance of high-end developments.
Scheduled to launch in November 2026, Casa Parque Cerâmica will have 202 residential units distributed across three towers, on a plot of approximately 6,800 m², with a residential concept that combines sophistication, leisure infrastructure and exclusive services. In the preliminary operating results for the third quarter of 2026, the company had already included Casa Parque Cerâmica in its launch forecast for 4Q26, with an estimated gross VGV of R$ 565 million and a 51% stake. The Company states that the partnership is aligned with its strategy of expanding its presence in the high-end segment through strategic partnerships to tap new market opportunities and strengthen its presence in regions with high demand potential.
