Investor Presentaiton
altre
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Established at the end of
2020 as a platform for
Votorantim's real estate
investments, Altre made
progress in several areas during
its first full year of operation,
starting with the creation of
its governance structure, the
appointment of a CEO, and
the establishment of a Board
of Directors that includes
independent members.
Altre chose to settle in Vila
Leopoldina, a neighborhood
in São Paulo where, since
2016, the company has been
conducting an innovative
project of urban renewal aligned
with the concept of smart
cities, combining economic
development with social gains.
In 2021, the project got a
name, Spark, and its own
brand. It includes the ARCA
entertainment space and
the STATE innovation and
technology hub, both of which
are former warehouses owned
by the holding company
that were retrofitted and
repurposed, in addition to the
Atlas Office Park, which houses
corporate offices.
Most of the events hosted by
ARCA in 2021 were held online
due to the pandemic. Of the
events held in person, the
most important was the São
Paulo International Art Festival
(SP-Art), which attracted
approximately 7,000 people
per day over the course of
five days. As the health crisis
subsides, ARCA's schedule
of events for 2022 is getting
increasingly busier. Next to
STATE, construction work for
the expansion and retrofitting
of new office spaces was
completed during the year. Part
of the space has already been
leased and now houses the
new headquarters of a large
furniture and decor company.
At the Atlas Office Park,
where Altre's headquarters are
located, the highlight was the
acquisition of the remaining
50% stake in the project, which
is now fully owned by Altre.
Spark is expected to continue
to make progress in 2022,
when the external areas, which
are being sought for music
and gastronomic events, are
expected to be rented. In
the long term, approximately
40,000 square meters will
undergo transformations that
are currently being designed,
authorized, and awaiting
licenses and permits.
Spark is part of the Vila
Leopoldina Villa Lobos Urban
Intervention Project proposed
by the company to revitalize
and address issues of public
interest in the region, which
is home to some vulnerable
communities. The objective is to
provide decent and high-quality
housing an initiative that
depends on a change in the
zoning law of the city of São
Paulo that requires approval
by the city council in two
rounds. At the end of 2021, the
company submitted the final
reports recommending approval
by the thematic committees
and the project received the
first round of approval.
Altre also made important
progress in the development
of planned neighborhoods.
One example was the launch of
Vivalegro, a new neighborhood
in the town of Votorantim in
the state of São Paulo, where
all 450 phase-one lots have
been sold. This initiative was
the first step in Altre's strategy
to develop its own assets. At
the same time, the company
is in the process of licensing
the first phase of a planned
neighborhood in the town
of Paulista in the state of
Pernambuco, which is expected
to be launched in 2022.
On the agenda of new
investments, in addition to the
recent acquisition of the Atlas
Office Park, Altre acquired
60% of the corporate tower
Alto das Nações, which, once
completed in 2025, will be the
tallest building in São Paulo.
The company also began
prospecting for real estate
investment opportunities in the
United States.
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