Bela Paulista was acquired as a value-add investment and retrofit project involving a vintage building originally constructed in 1968 on Paulista Avenue. Through a comprehensive renovation program, the property was transformed into a modern and elegant commercial building, attracting new tenants and generating strong financial returns for VBI Real Estate.

The project was recognized with the Master Real Estate Award in the Retrofit Category in 2010, highlighting its success in repositioning and enhancing the value of the asset.