Gafisa
Encyclopedia
Gafisa is a top 5 Brazil
ian residential construction and real estate company, along Cyrela Brazil Realty
, PDG Realty
, MRV Engenharia
, Rossi Residencial
and Brookfield Incorporações
. It's based in São Paulo
and present in various cities of Brazil
. In the market since 1954 and specializes in projects of high standard, is also holding
a number of other companies,
Headquartered in São Paulo and operations in other cities of the country, Gafisa was founded in 1954 in Rio de Janeiro
, under the name Almeida Gomes Fernandes. At the end of the 80s became the Gafisa property and in 1997 from an association with GP Investments
, has been called Gafisa SA In 2006 the Gafisa received a major shareholder: the Equity International Properties (EIP) , a North American leader in real estate investment in Latin America, which belongs to Equity Group Investments (LLC), controlled by Samuel Zell.
Decided to expand its area of operation and become a national company, in 2004, Gafisa created the Board of New Business to care exclusively for new markets beyond the Rio-São Paulo. As a result of this strategy, the company is already present in Manaus (AM), Salvador (BA), Belém (PA), Fortaleza (CE), Maceió (AL), Goiânia (GO), Porto Alegre (RS), Cuiabá (MT ) in addition to cities in the interior of São Paulo (Itu, Campinas, Santo André) and Rio de Janeiro (Macaé).
The beginning of 2006 was marked by the entry of Gafisa in the New Market of Bovespa corporate governance, from the completion of initial public offering of shares of the company.
In 2007, the Gafisa made public offering of new shares, this time in the New York Stock Exchange (NYSE), which became the first residential real Brazilian listed on NYSE. The event has consolidated its position as a company in line with global standards and global reputation in financial and operational excellence.
Also in the first quarter of 2007, following the diversification of regional and residential products, the company strengthened the commitment to serve the segment of low income through the establishment of Fit Residencial, subsidiary of Gafisa ventures that will develop a low price in urban areas . The first release, the Fit Jacana, occurred in March.
The Gafisa also signed a joint venture (JV) with Odebrecht
, Brazil's largest engineering and construction, training of District New Ventures Real Estate. The new company will develop residential projects in large scale in the horizontal segment of people outside metropolitan areas.
The Gafisa consolidates its position of leadership in the segment of middle and upper middle class and is now a more geographically diversified construction company of Brazil. The conclusion of the first phase of the acquisition of Alphaville further strengthened this position, expanding its presence in 18 states and 40 cities.
With this further step, the Gafisa offers investors greater transparency and more security and contributes to increasing the credibility of the Brazilian equity market.
Today Gafisa is one of the best known brands in the real estate market, reference quality, consistency and professionalism front of potential buyers of real estate, brokers, financiers, landowners and competitors.
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
ian residential construction and real estate company, along Cyrela Brazil Realty
Cyrela Brazil Realty
Cyrela Brazil Realty is the second largest homebuilder and real estate company in Brazil, after PDG Realty. Considered one of the most solid of the civil construction sector, currently operates in 17 states and 55 cities in Brazil and Argentina...
, PDG Realty
PDG Realty
PDG is the largest real estate company in Brazil and has its focus on the popular segment. The company became listed in January 2007 in the corporate index Novo Mercado of BM&F Bovespa and in 2010 became part of the Ibovespa index...
, MRV Engenharia
MRV Engenharia
MRV is the biggest Brazilian construction and real estate company for middle class and lower middle segment and the only one offering houses and apartments in more than 85 Brazilian cities. The company was founded in 1979 and is headquartered in Belo Horizonte...
, Rossi Residencial
Rossi Residencial
Rossi Residencial is a Brazilian construction company .The company operates in real estate. Is present in more than 56 Brazilian cities, from headquarters in São Paulo and in regional offices located in cities such as Campinas, Porto Alegre, Rio de Janeiro, Belo Horizonte and others.The Rossi...
and Brookfield Incorporações
Brookfield Incorporações
Brookfield Incorporações is one of the top 5 Brazilian real estate companies with PDG S.A., Cyrela Brazil Realty, MRV Engenharia, Gafisa and Rossi Residencial...
. It's based in São Paulo
São Paulo
São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...
and present in various cities of Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
. In the market since 1954 and specializes in projects of high standard, is also holding
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
a number of other companies,
History
Gafisa, one of the leading companies in the ranking of the largest construction and real residential segment in Brazil, established in the developed markets more than 950 enterprises, among high-luxury residential condominiums, commercial buildings, flats and shopping centers, representing approximately 10 million square meters of built area.Headquartered in São Paulo and operations in other cities of the country, Gafisa was founded in 1954 in Rio de Janeiro
Rio de Janeiro
Rio de Janeiro , commonly referred to simply as Rio, is the capital city of the State of Rio de Janeiro, the second largest city of Brazil, and the third largest metropolitan area and agglomeration in South America, boasting approximately 6.3 million people within the city proper, making it the 6th...
, under the name Almeida Gomes Fernandes. At the end of the 80s became the Gafisa property and in 1997 from an association with GP Investments
GP Investments
GP Investments is a private equity firm focused on emerging markets leveraged buyout and growth capital investments in Latin America...
, has been called Gafisa SA In 2006 the Gafisa received a major shareholder: the Equity International Properties (EIP) , a North American leader in real estate investment in Latin America, which belongs to Equity Group Investments (LLC), controlled by Samuel Zell.
Decided to expand its area of operation and become a national company, in 2004, Gafisa created the Board of New Business to care exclusively for new markets beyond the Rio-São Paulo. As a result of this strategy, the company is already present in Manaus (AM), Salvador (BA), Belém (PA), Fortaleza (CE), Maceió (AL), Goiânia (GO), Porto Alegre (RS), Cuiabá (MT ) in addition to cities in the interior of São Paulo (Itu, Campinas, Santo André) and Rio de Janeiro (Macaé).
The beginning of 2006 was marked by the entry of Gafisa in the New Market of Bovespa corporate governance, from the completion of initial public offering of shares of the company.
In 2007, the Gafisa made public offering of new shares, this time in the New York Stock Exchange (NYSE), which became the first residential real Brazilian listed on NYSE. The event has consolidated its position as a company in line with global standards and global reputation in financial and operational excellence.
Also in the first quarter of 2007, following the diversification of regional and residential products, the company strengthened the commitment to serve the segment of low income through the establishment of Fit Residencial, subsidiary of Gafisa ventures that will develop a low price in urban areas . The first release, the Fit Jacana, occurred in March.
The Gafisa also signed a joint venture (JV) with Odebrecht
Odebrecht
Odebrecht S.A. is a Brazilian conglomerate in the fields of engineering, construction, chemicals and petrochemicals. The company was founded in 1944 in Salvador da Bahia by Norberto Odebrecht, and is now present in South America, Central America, North America, the Caribbean, Africa, Europe and the...
, Brazil's largest engineering and construction, training of District New Ventures Real Estate. The new company will develop residential projects in large scale in the horizontal segment of people outside metropolitan areas.
The Gafisa consolidates its position of leadership in the segment of middle and upper middle class and is now a more geographically diversified construction company of Brazil. The conclusion of the first phase of the acquisition of Alphaville further strengthened this position, expanding its presence in 18 states and 40 cities.
With this further step, the Gafisa offers investors greater transparency and more security and contributes to increasing the credibility of the Brazilian equity market.
Today Gafisa is one of the best known brands in the real estate market, reference quality, consistency and professionalism front of potential buyers of real estate, brokers, financiers, landowners and competitors.