What is the investment case, and what must be true for it to hold?
Lavvi's larger launch pipeline can support continued project growth, provided sales absorption improves; slower sell-through and buyer bargaining in São Paulo's mid- and high-end market are the main threat to that condition. Third-quarter 2026 launches grew 48% from a year earlier while sales fell 14%, and the average period needed to sell new developments in that market rose from 11 months at the end of 2025 to 13 months in July 2026, when buyers held negotiating power.
Lavvi generated R$13.4 million in cash in the third quarter of 2026, up from R$3.5 million in the third quarter of 2025.
2Product Overview
What does the product do for its buyer, and how is it delivered?
Lavvi develops and builds properties across São Paulo, spanning residential and non-residential types in the mid-end, upper-mid-end, and high-end segments, while T.O.M. Paraíso offers studios and apartments a three-minute walk from Metrô Paraíso with shared spaces for daily activities.
T.O.M. combines work, relaxation, socializing, and city living spaces with leisure and well-being facilities.
