SYN

Name

SYN

Legal name

SYN PROP & TECH

Website

https://syn.com.br

Company type

Public

Founded year

2007

Operating status

Operating

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate leasing
• Corporate office buildings
• Shopping center management
• Logistics warehousing
• Property management services

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Leasing of office buildings (AAA and Class A), shopping centers, and warehouse/logistics facilities to corporate tenants. Primary revenue stream from rental income across owned and managed properties.
2. Property Management Services: Lease management, condominium management, and operational services for commercial properties including parking management and CSC services
3. Asset Management: Asset management of third-party capital, management of purchase and sale transactions for third parties
4. Shopping Center Operations: Shopping center management including media and brand activation services within shopping malls

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

SYN acquires, develops, operates, and manages commercial real estate focused on high-standard office buildings (Triple A and Class A), shopping centers, and logistics warehouses in São Paulo and Rio de Janeiro, Brazil. The company leases space to corporate and retail tenants, provides property and asset management services, and generates rental income from a portfolio of over 523,000 sqm of gross leasable area.

Product overview

SYN is a Brazilian commercial real estate company that operates three core business lines: Corporate Buildings (high-end office buildings including Triple A and Class A properties), Shopping Centers (retail shopping malls), and Warehouses/Logistics (industrial logistics facilities). The company offers property management services including lease management, condominium management, asset management, and media activation services in shopping centers. SYN's portfolio includes 13 office buildings (with 7 Triple A and 5 Class A), 4 shopping centers, and 1 logistics warehouse, totaling over 523,000 sqm of total building area. The company was founded in 2007 as CCP (Cyrela Commercial Properties) and rebranded to SYN in 2021. It is listed on B3's Novo Mercado under ticker SYNE3.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Buildings (AAA and Class A Office Buildings)

Quantifiable outcome

• Above-market occupancy rates compared to market average due to high-quality portfolio
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• SPXminorStrategic or Co-development Partner · 1 January 2021Joint venture established in 2021 with SPX for commercial real estate development and investment activities.
• Delivery CenterminorStrategic or Co-development Partner · 1 January 2019Partnership with Delivery Center announced in 2019 for service delivery solutions.
• BRMallsminorStrategic or Co-development Partner · 1 January 2010Partnership with BRMalls announced in 2010 for development of Shopping Estação BH mall in Belo Horizonte.
• Aliansce Shopping Centers S.A.minorStrategic or Co-development Partner · 1 January 2010Partnership with Aliansce Shopping Centers S.A. announced in 2010 for development of Parque Shopping Belém mall.
• Prologis Inc.coreStrategic or Co-development Partner · 1 January 2008Formation of partnership with multinational Prologis Inc. in 2008, including joint ventures for logistics park development in São Paulo and Rio de Janeiro. Joint venture with GIC Real Estate and CPPIB in 2009 for commercial real estate investments.
• AMB Property CorporationminorStrategic or Co-development Partner · 1 January 2008Formation of 50%-50% joint venture partnership with American multinational AMB Property Corporation in 2008 for logistics development in Brazil.
• Green Building Council (GBC Brasil)coreStrategic or Co-development PartnerFounding member of Green Building Council Brasil, the organization that transforms the construction industry towards sustainability through LEED certification and sustainable building practices.

Scale indicators8 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Brookfield Property Partners: Brookfield Property is a major global commercial real estate owner-operator and asset manager. Comparable as a scale player in office and retail CRE with institutional capital partnerships akin to CPPIB model used by SYN.
• Even Construtora (EVEN3): Even is a Brazilian publicly listed real estate developer operating across residential and commercial segments. Comparable as a B3 Novo Mercado Brazilian CRE/RES operator with similar institutional investor base and governance standards.
• Cyrela Brazil Realty (CYRE3): Cyrela, SYN's former parent and spin-off source, is Brazil's largest residential developer with broader real estate activity including commercial. Comparable as a B3-listed Brazilian real estate company with shared board leadership and ongoing relationship.

Direct peers

• BR Malls (BRML3): BR Malls is one of Brazil's largest shopping center operators, directly comparable to SYN's shopping center business unit. Both manage and lease premium retail malls in São Paulo and Rio de Janeiro with similar anchor-tenant and media-revenue models.
• JHSF Participações (JHSF3): JHSF is a high-end Brazilian real estate developer active in commercial (offices, malls) and luxury hospitality, overlapping with SYN's premium São Paulo commercial strategy. Both serve A-class corporate and retail tenants in Brazil's wealthiest districts.
• Iguatemi S.A. (IGTA3): Iguatemi is a publicly listed Brazilian operator of premium shopping centers, directly comparable to SYN's high-end retail portfolio strategy. Both focus on AAA retail assets in São Paulo/Rio with media and tenant activation revenue streams.
• Multiplan (MULT3): Multiplan owns and operates a portfolio of high-end shopping malls across Brazil, overlapping directly with SYN's shopping center segment. Both target premium retail tenants in major Brazilian metros and compete for institutional retail leasing capital.

Emerging players

• Prologis Inc. Prologis is a global logistics REIT and historical JV partner of SYN since 2008 for São Paulo/Rio logistics park development. Comparable in logistics segment overlap and institutional investor profile, but operates globally versus SYN's Brazil focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/15159044

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SYN