Jose AuriemoNeto serves as the Chairman of the Board of Directors at JHSF Participacoes, Brazil’s largest real estate and property development firm. The company was established more than 40 years ago, and his father, Fabio, is one of the founders.
JHSF Participacoes started as a family business, with Fabio and Jose Roberto Auriemo managing it. The business focused on selling construction materials, but as they witnessed how other real estate and property development firm grew, the brothers decided to enter the same industry and started to offer contractor services. In 1990, the company split into two entities, with Fabio Auriemocontinuing the focus on the real estate and property development industry.
One of the first large-scale projects initiated by the company is the construction of the Shopping Metro Santa Cruz, which is a shopping mall located in Sao Paulo that directly connects to a subway station. This project was completed in 2001. In 2003, Fabio Auriemo decided to leave the position as the head of the company, and he was replaced by his son, Jose AuriemoNeto.
The beginning of his leadership as the head of José Auriemo Participacoes was characterized by a lot of plans and goals for the company. One of the things that he heavily invested would be the construction of high-end residential buildings in Brazil. The demand for luxury condominiums in several Brazilian cities is high, and Jose AuriemoNeto took advantage of it.
Later on, he decided to shift his focus on the construction of shopping malls, with the CidadeJardim Complex becoming one of the company’s largest projects to date. Luxury brands around the world inked a partnership with JHSF Participacoes to give them a space inside the mall where they can sell their projects. Jose AuriemoNeto also pushed for the company’s IPO, becoming public in the early 2000s.
Today, the company owns residential buildings, office towers, shopping malls, restaurants, and hotels. There is also an airport being built in the city of Sao Paulo that is a part of the public-private partnership deal with the government. JHSF Participacoes has a market value of over $1 billion, and their share prices continue to soar.
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