RIO DE JANEIRO, BRAZIL - The trio of 3G Capital billionaires and their relatives are increasing their investments in real estate in Brazil at a time when the economy is suffering under the effects of the Covid-19 pandemic.
Companies linked to Jorge Paulo Lemann, Marcel Telles, and Carlos Alberto Sicupira are increasing their focus on offices, convention centers, and apartment construction for long-term rent. The goal is to take advantage of the pandemic opportunities in a country.
"The next 18 months will be very challenging for the commercial real estate sector, and this is the time to shop around . . .