The Government of São Paulo published on Tuesday (June 24) the administrative concession notice for the New Campos Elíseos Administrative Center, one of the largest urban development projects currently underway in the city of São Paulo. With an estimated investment of over R$ 5.4 billion, the initiative is part of the São Paulo State Investment Partnership Program (PPI-SP).
“Today we take another step toward transforming the reality of the center of the largest metropolis in Latin America. The new administrative headquarters will be essential to drive social, economic, housing, and cultural development in downtown São Paulo over the coming decades. We are on the right path—a path of a state that attracts new investments, fosters job creation, and expands opportunities to improve people’s lives,” said Governor Tarcísio de Freitas.
The bid submission session is scheduled for October 6, 2025, with the opening of proposals set for October 10, both to be held at the B3 headquarters in downtown São Paulo. The tender documents are available on the website of the Secretariat for Partnerships in Investments (SPI).
The project plans to centralize state secretariats and agencies currently spread across more than 40 buildings in the city. The new structure will accommodate around 22,700 civil servants, distributed across seven buildings and ten towers. The complex will also feature a theater, auditoriums, multipurpose rooms, and other spaces.
Urban Revitalization
Located in the Campos Elíseos neighborhood, the project includes the revitalization of the area surrounding the Palácio dos Campos Elíseos, the restoration of 17 heritage-listed buildings, and a more than 40% expansion of green space in Princesa Isabel Park. The ground floors of the buildings will include approximately 25,000 m² for retail, services, and communal areas.
The new buildings will be certified with LEED Gold international sustainability credentials and will incorporate solutions for energy, thermal, and environmental efficiency. The construction phase is expected to generate 38,000 jobs, with 2,800 permanent positions in local commerce and services.
The concession will be structured as a Public-Private Partnership (PPP) with a 30-year contract. The selection criterion will be the highest discount offered on the maximum annual payment, which is set at R$ 824.3 million. The winning concessionaire will be responsible for implementing, managing, maintaining, and operating the complex throughout the contract term.
The architectural project was selected through a national public competition, which recorded a record number of entries. The winning proposal came from the architectural firm Ópera Quatro Arquitetura, which will be contracted by the concessionaire to develop the basic and executive designs.
In the first half of 2025, the State Government presented the project to investors in Europe, the United States, and Asia to increase competition in the bidding process.
Public Consultation
The public consultation took place between January 24 and March 13, 2025, with participation from civil society representatives, consulting firms, and investors. Two public hearings were held—one virtual and one in person—and 268 contributions were received. Approximately 64% of the suggestions were fully or partially accepted, leading to revisions in the bidding documents on topics such as expropriation, resettlement, public guarantees, and risk allocation.