The São Paulo State Government has signed a 30-year PPP contract with Concessionária Novo Centro SP for the development of a BR$6 billion (US$ 1 billion) administrative centre in the Campos Elíseos district of downtown São Paulo, Brazil.

The project aims to revitalise São Paulo’s historic city centre by consolidating state government administrative offices within a single complex, improving operational efficiency and strengthening the area's appeal to businesses and investors. It is also expected to encourage greater activity in the district, support residential development and promote wider use of the central area. In addition, the scheme includes the restoration of historic mansions and buildings, helping preserve the area's architectural heritage and re-establish its connection with the city's history. The proposed complex will consolidate around 22,000 state government employees, who are currently accommodated across nearly 40 different locations throughout the capital. The development will comprise seven buildings with ten towers, providing space for the governor’s office, government secretariats and other state agencies, alongside supporting facilities such as a theatre, auditoriums and multipurpose spaces.

The scheme also includes the restoration of 17 officially listed historic properties, an expansion of more than 40% in the green spaces at Princesa Isabel Park, and 25,000 sq m of retail and service facilities. In addition, a new bus terminal will be constructed to strengthen public transport connectivity and improve access to the city centre. The newly constructed buildings are expected to achieve international LEED Gold certification, incorporating measures to improve energy efficiency, thermal performance and overall environmental sustainability. Under the 30-year concession agreement, the private partner will oversee the operation and maintenance of the entire complex, covering services such as cleaning, security and general upkeep. Payments from the public sector will be tied to the concessionaire’s performance and its compliance with the contractual obligations and service standards.

Following the signing of the concession agreement, the initial phase will involve preparing the concession plans, progressing the preliminary and detailed design work, securing the necessary approvals and permits, and undertaking the other preliminary procedures required to move the project forward. During the first year, work is expected to commence at the Luz Bus Terminal, alongside the planned expropriation procedures. The second year will focus on finalising the studies and detailed designs, completing the Luz Bus Terminal, and concluding the expropriation and resettlement processes. Construction activities are scheduled to begin in the third year, covering blocks 24 and 25, urban improvement works, a public square, and blocks 34, 46, 48 and 52. The first components of the development are expected to be completed in the fourth year, alongside the restoration of the listed historic properties. Completion of the remaining development blocks is planned for the fifth year.