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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 6 sources · 7 days · First seen · Last updated

Salvador real estate developments and transactions

Overview

Real estate developments and property transactions are active in Salvador, Bahia. In the Patamares neighborhood, the former Hotel Sol Bahia Atlântico is scheduled for demolition to facilitate the construction of the Mood Sol residential project, a development by Moura Dubeux featuring three residential towers.

In Jardim Armação, the former Bahia Convention Center (CCB) has been sold for R$ 138.487 million to the Pilar Incorporação e Construção Imobiliária Ltda consortium, which includes Grupo Enseada and Grupo André Guimarães. The consortium is tasked with dismantling the remaining structure of the site, which has faced safety issues and abandonment since 2016. Proceeds from the sale will be directed to the Social Security Financial Fund for Public Servants of the State of Bahia (Funprev).

Entities

Salvador · Moura Dubeux · Grupo André Guimarães · Bahia State Administration Secretariat · Hotel Sol Bahia Atlântico

Timeline

  1. 16 days ago

    [BUSINESS] 5 sources
    Bahia Convention Center sold for R$ 138 million

    The former Bahia Convention Center in Salvador has been sold for R$ 138.4 million to the Pilar Incorporação consortium, following nearly a decade of abandonment and structural decay.

  2. 22 days ago

    [BUSINESS] 2 sources
    Salvador real estate: Hotel demolition and business denials

    Salvador sees real estate shifts as Moura Dubeux prepares to replace the former Hotel Sol Bahia Atlântico with residential towers, while Motel Del Rey denies rumors of a R$ 100 million sale.

Sources

atarde.com.br · badevalor.com.br · jornaldosudoeste.com · jornalgrandebahia.com.br · maisoeste.com.br · ne9.com.br