Description

Teruszkin Group owns a 257,000m2 lot located by Salgado Filho Airport in Porto Alegre, near the Freeway, the city’s main expressway, which connects it to the sea. Designed for trade or business and residential projects, this is one of the last large lots very close to the city center, with high potential of appreciation, especially due to the expansion of the airport installations. The German group Fraport AG Frankfurt (one of the largest airport administration groups) won the 25-year concession of this airport, which implies they have to invest BRL 1.9 billion in the terminals.

This was a strategic option for the winning bidder because Rio Grande do Sul and Porto Alegre form an economically strong area. Moreover, the area enjoys a privileged geographic location within Mercosur. Several residential condominiums, malls and commercial establishments are constructed or under construction around the lot, raising even more its commercial and strategic value.