Intelligent Real Estate Investments - Hines

In 2007, Hines, on behalf of its Hines CalPERS Brazil Fund, acquired Castelo, a 12-story, Class A office building containing 167,056 square feet. Built in 1933, the property is located in downtown Rio de Janeiro near the headquarters of several leading national corporations and supporting services.

In 2008, the redevelopment of the Castelo office building complex in downtown Rio de Janeiro is completed. Later in the same year, the project was named the year's best retrofit by Prêmio Master Imobiliário.


  • Graça Aranha and Nilo Peçanha Avenue, Rio de Janeiro, Brazil


  • Located in Rio de Janeiro's Centro submarket, adjacent to Torre Almirante

Building Details

  • 167,056 square feet
  • 12 floors

Major Tenants

  • Petrobras