SYN
- Company typePublic
- Founded2007
- HeadquartersSão Paulo, Brazil
- Headcount—
- GTM typeB2B
- OfferingServices
SYN firmographics
Firmographics- 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
SYN industry classification
Industry- 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
Where SYN is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices3 records
Markets served
SYN business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- 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.
- Property Management Services: Lease management, condominium management, and operational services for commercial properties including parking management and CSC services
- Asset Management: Asset management of third-party capital, management of purchase and sale transactions for third parties
- 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
SYN product offering
Product offeringCore 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
Companies that use SYN
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
SYN technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
SYN partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- SPXminorJoint venture established in 2021 with SPX for commercial real estate development and investment activities.
- Delivery CenterminorPartnership with Delivery Center announced in 2019 for service delivery solutions.
- BRMallsminorPartnership with BRMalls announced in 2010 for development of Shopping Estação BH mall in Belo Horizonte.
- Aliansce Shopping Centers S.A.minorPartnership with Aliansce Shopping Centers S.A. announced in 2010 for development of Parque Shopping Belém mall.
- Prologis Inc.coreFormation 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 CorporationminorFormation of 50%-50% joint venture partnership with American multinational AMB Property Corporation in 2008 for logistics development in Brazil.
- Green Building Council (GBC Brasil)coreFounding 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
SYN competitors and assessment
Company assessmentBroad 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
SYN social profiles
Digital presenceSYN financial estimates
Financial estimateRevenue estimate
Valuation estimate
SYN leadership team
Management profileNumber of profiles
Profiles10 records
SYN subsidiaries and ownership
Company hierarchySubsidiaries1 record
SYN funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SYN M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SYN
What does SYN do?
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.
Is SYN a public or private company?
SYN is a public company. It is classified as public and is currently operating.
When was SYN founded?
SYN was founded in 2007.
Where is SYN based?
SYN is headquartered in São Paulo, Brazil, in the Latin America region.
How does SYN make money?
Four revenue lines are on record. Commercial Property Leasing is the primary driver. The others are property Management Services, asset Management and shopping Center Operations.
Who are SYN's main competitors?
Broad incumbents on record are Brookfield Property Partners, Even Construtora (EVEN3) and Cyrela Brazil Realty (CYRE3). Direct peers are BR Malls (BRML3), JHSF Participações (JHSF3), Iguatemi S.A. (IGTA3) and Multiplan (MULT3). Prologis Inc. is listed as an emerging player.
Does SYN have an API?
No public API is recorded for SYN.
What industry is SYN in?
SYN's product category is Commercial Real Estate. Its primary akta.pro industry code is BPAJAGAE, Mixed-Use Property Management, with a secondary code of FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 531120 and its SIC code is 6531.