World Cup and Olympics Bring Renaissance to Rio de Janeir, by Jones Lang LaSalle
Following nearly 30 years of stagnation, the Rio de Janeiro road system now enjoys the prospect of a major revival thanks to the 2014 World Cup and the 2016 Olympics. New bus lines will link the city center to the international airport and the area where most activities will take place.
With a current population of 300,000, the Barra da Tijuca neighborhood will host most of the Olympic Games sporting events. Investments in infrastructure, transportation and basic sanitation have attracted more malls, shopping complexes, offices and condominiums to the region, says the report.
Another project linked to the Olympic Games that represents a significant focus of growth for the Rio de Janeiro real estate market is the revitalization of the old dockside area, now reborn as Porto Maravilha. The office market is one of the sectors most likely to benefit from expanding into areas adjacent to the port area, promising to attract large companies that are interested in installing high-end offices in the region.
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