This document discusses land value capture in Brazil, including air rights sales, CEPACs in São Paulo, and case studies of OUC Água Espraiada and Belo Horizonte. It notes that air rights can be sold based on basic floor area ratio (FAR) or additional FAR allowed. CEPACs in São Paulo were used to determine where and how to invest proceeds. The case studies achieved significant funds for infrastructure from LVC: OUC Água Espraiada generated $800 million and Belo Horizonte generated $115 million from LVC. The document concludes with lessons around clearly defining the purpose of LVC instruments and linking LVC goals to broader urban sustainability goals.

1. A product of WRI Ross Center for Sustainable Cities
HENRIQUE EVERS | URBAN DEVELOPMENT MANAGER, WRI BRASIL
LAND VALUE CAPTURE IN
BRAZIL

2. AIR RIGHTS SALE
BASIC FAR ADDITIONAL FAR

3. AIR RIGHTS SALE
CEPA
C
OOD
CDirect payment
Fixed price by m²
Auction
Minimum price defined

4. AIR RIGHTS SALE

5. CASE OF SÃO PAULO
• Implementation of CEPACS
• Where and what to invest in the
city?
• Real estate driven/dependent

6. OUC AGUA ESPRAIADA

7. OUC AGUA ESPRAIADA

8. OUC AGUA ESPRAIADA

9. OUC ÁGUA ESPRAIADA
Fuente: Paulo Sandroni. Lincoln Institute

10. OUC ÁGUA ESPRAIADA
Fuente: Paulo Sandroni. Lincoln Institute
US$ 800 mi

11. OUC ÁGUA ESPRAIADA
Fuente: Paulo Sandroni. Lincoln Institute
US$ 800 mi
US$ 115 mi

12. BELO HORIZONTE

13. participants
working
days
FSCI SUPPORT TO BELO HORIZONTE

14. LESSONS LEARNED
• Know the purpose of the instrument that you are
using
• Improve the link between LVC goals and urban
sustainability goals
• Do not rely only on LVC