Mega Residential Tower to Be Built in Brazil! With an Investment of R$ 3 Billion, Santa Catarina Will Have the Senna Tower, the Largest Residential Tower in the World

Written by Ruth Rodrigues

Published on 21/09/2024 at 20:12

Divulgação/FG Empreendimentos

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FG Construction Will Invest R$ 3 Billion in the Construction of Senna Tower, the World’s Tallest Residential Building, in Balneário Camboriú.

The construction and development company FG revealed on Monday details about a project that promises to transform the skyline of Balneário Camboriú (SC). With an estimated investment of R$ 3 billion, FG is about to start the construction of Senna Tower, which will be the tallest residential building in the world. The announcement marks a new chapter in the company’s history, further consolidating its presence in the high-end market.

Details of the Senna Tower Project

Senna Tower will be a remarkable investment in global architecture, expected to be over 500 meters tall.

The project is being developed in collaboration with the Senna Brand, which honors the legacy of the iconic driver Ayrton Senna.

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Investment Approval

Senna Tower has already obtained all necessary permits for its construction, including the Neighborhood Impact Study (EIV), the Environmental Implementation License (LAI), and approval from the city hall of Balneário Camboriú.

The sale of the units is expected to begin in the last quarter of 2024, with more details about the exact number of floors of the building being announced at that time.

Currently, the tallest residential building in the world is 111 West 57th Street, located in New York, standing at 435 meters with 84 floors.

Senna Tower is therefore expected to surpass this mark and establish a new global record.

Impact of FG Construction’s Investment and Strategic Partnerships

FG is one of the largest and most experienced construction companies in Brazil, with over 40 years in the civil construction market.

The company has already delivered 63 mega developments, with approximately 5,500 units.

FG also has the largest land bank in the region, with 3.5 million square meters of future developments, representing an estimated overall sales value (VGV) of over R$ 100 billion.

Currently, FG is involved in 15 “mega works,” and its goal for 2024 is to reach R$ 2.1 billion in VGV.

The construction company conducts over 90% of its transactions with direct financing, demonstrating its strong financial position and capacity to invest in large-scale projects.

Senna Tower will be built with investment from FG in partnership with the Hang Family, owners of the retailer Havan, led by Luciano Hang. FG Empreendimentos is part of Grupo FG Brazil Holding, a privately held company that manages the business of the Graciola Family.

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Mega Residential Tower to Be Built in Brazil! With an Investment of R$ 3 Billion, Santa Catarina Will Have the Senna Tower, the Largest Residential Tower in the World

FG Construction Will Invest R$ 3 Billion in the Construction of Senna Tower, the World’s Tallest Residential Building, in Balneário Camboriú.

Details of the Senna Tower Project

Investment Approval

Impact of FG Construction’s Investment and Strategic Partnerships

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Mega Residential Tower to Be Built in Brazil! With an Investment of R$ 3 Billion, Santa Catarina Will Have the Senna Tower, the Largest Residential Tower in the World

FG Construction Will Invest R$ 3 Billion in the Construction of Senna Tower, the World’s Tallest Residential Building, in Balneário Camboriú.

Details of the Senna Tower Project

Investment Approval

Impact of FG Construction’s Investment and Strategic Partnerships

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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