How is the approval process going for the revitalization licenses?
How is the approval process going for the revitalization licenses?We just finished a very long and important stage, which was the completion of the Environmental Impact Study and the Environmental Impact Report (EIA-RIMA), which is being delivered to the Mayor of Porto Alegre. Now we have the public hearing which should happen 45 days after it is scheduled, which should occur next week.
Until the beginning of the revitalization works for the warehouses Cais Mauá Complex, the main milestones are the following, which are estimated to last six months:
Final SMAM opinion regarding the EIA-RIMA
Approval of the Legal Project
Approval of the Urbanistic Feasibility Study (EVU)
Issue of LP
Issue of Installation License (LI)
When will there be a public hearing?
When will there be a public hearing?The public hearing will be scheduled by SMAM next week and will occur 45 days after it is scheduled.
What is the forecast for the work to be completed and when will the first spaces be opened?
What is the forecast for the work to be completed and when will the first spaces be opened?It is estimated that it will take 24 months of works for the warehouses of the Cais Mauá Complex to be revitalized, starting from obtainment of all the licenses and authorizations for the project.
What company manages Cais Mauá, who are the partners, its origin, its registered corporate capital?
What company manages Cais Mauá, who are the partners, its origin, its registered corporate capital?The shareholders of Cais Mauá do Brasil S/A are: CONTERN CONSTRUÇÕES E COMÉRCIO LTDA. (10%), GSS HOLDING LTDA. (51%) e FUNDO DE INVESTIMENTO EM PARTICIPAÇÕES PORTO CAIS MAUÁ (PORTO CAIS MAUÁ INVESTMENT PARTICIPATION FUND) (39%). The Porto Cais Mauá Investment Participation Fund (FIP CMB) has 91.4 million of Net Equity, according to their last audited balance sheet for the 2014 fiscal year. The total equity of the direct and indirect shareholders for Cais Mauá do Brasil S.A is approximately BRL 3.3 billion, which shows the financial strength and the funds available for executing the project.
With all the delays, and no visible works other that the toppling of one warehouse, is there a fear the that company will give up on the venture?
With all the delays, and no visible works other that the toppling of one warehouse, is there a fear the that company will give up on the venture?The company has been investing its own funds in the project for over two years, having already invested more than 30 million reals (of a total 500 million reals estimated for the entire project). In addition, during this period, they have been working hard, seeking to fulfill all legal requirements to initiate the other revitalization stages. Cais Mauá do Brasil S/A believes in the revitalization and will continue to make every effort possible to make it a reality.
Is Cais Mauá being prepared to be an area for the populations, the city, or for real estate speculation, concentrating on the construction of residential and commercial buildings?
Is Cais Mauá being prepared to be an area for the populations, the city, or for real estate speculation, concentrating on the construction of residential and commercial buildings?181 thousand m² of total leased space, of which 93 thousand m² is free space for the recreation of the local population.
Delivery of 10 plazas (one revitalized) with over 11 thousand m²
(Is the equivalent, in relation to the city center, a 40% increase in the amount of plazas and 65% increase in green area)
3,200 meters of waterfront with free access by the population to view the Guaíba River.
There are also plans for bicycle paths and a space for children and to do physical exercises.
All this will be available to the population that can access the area of the Cais Mauá Waterfront and visit every plaza, stroll through the warehouses, take in the view of the Guaíba River, and use the community spaces, all absolutely free.
But will a shopping mall be built? Where will it be?
But will a shopping mall be built? Where will it be?The revitalization project plans to build a mall in the Gasômetro area, with 29,000 m2 of Gross Leasable Space. It was designed to minimize the obstruction of the view. The design complies with the limitations established by the historical heritage.
What will the warehouses be used for?
What will the warehouses be used for?The Project plans various uses for the area. The central portico and warehouses A and B will be only used for cultural operations, as the call to bid specified. The space in warehouses A1 to A6 will hold dining, design, decor and events. In warehouse B1 there will be a food court. Warehouse B2 will be set aside for the service sector, small retail, and conveniences. Warehouse B3 will function as a river terminal with the sale of tickets for the tourism operations and public transportation.
What about the cranes that were removed from the wharf?
What about the cranes that were removed from the wharf?The call to bid establishes that four cranes will be restored and maintained by Cais Mauá do Brasil S/A. The removal of the other cranes is the sole responsibility of SPH, as stated in the call to bid.
Will the Mauá wall be knocked down?
Will the Mauá wall be knocked down?The project plans to revitalize the wall, which is part of the Porto Alegre flood protection system. Landscaping options are being developed to humanize and integrate the wall into the project.
Will the population be able to access the Guaíba River?
Will the population be able to access the Guaíba River?After the completion of the revitalization, there will be nothing to keep the population from accessing the warehouses and the Guaíba waters throughout the Complex. The only limit will be visitor safety. Therefore, the project includes a guardrail, about a meter tall, which will be installed between the pink granite and the cobblestone pavement. In other words, it will be possible to take a walk along the waters and appreciate the view and the sunset from the plazas or the tables of bars and restaurants.
Right after the announcement of the wharf revitalization, there were companies that showed a public interest in doing business on the wharf. Almost four years later nobody talk about it anymore. Is there a lack of trust in the venture?
Right after the announcement of the wharf revitalization, there were companies that showed a public interest in doing business on the wharf. Almost four years later nobody talk about it anymore. Is there a lack of trust in the venture?At this time the commercial project is in the space reservation phase. Several business have sought out Cais Mauá to demonstrate their interest in the location. As soon as all of the licenses and authorizations for the project are obtained, the venture will enter the effective leasing phase for the spaces. The revitalized wharf will have over 50 available spaces for different types of businesses, with a mix focused on design, decoration, dinning, and convenience and service shops.
These attributes make Cais Mauá a great opportunity for investors and business partners that will have a large structure and a premium location in Porto Alegre.