Brazilian Real Estate Juggernaut JHSF led by CEO José AuriemoNeto
When it comes to prime real estate, JHSF is one of the top names in South America. JHSF entered the real estate sector in 1972 and has thrived; the company now has more than five hundred employees and continues to expand its operations into other countries. Located in Sao Paulo, the company operates primarily in the Brazilian Market but has also stamped their footprint in Uruguay and the United States. They specialize in shopping malls, airports, hotels, and other real estate projects which include commercial and residential properties totaling a total of 6 million square meters of real estate. The current value of all assets is approximately 1.20 billion Brazilian Real. This company has been selling publicly on the Sao Paulo Bovespa stock exchange since 2007.
José AuriemoNeto is chairman and CEO of JHSF. He is an alumnus of the Fundacao Armando ÁlvaresPenteado University located in San Paulo Brazil. Mr. Neto began working with the company in 1993 and began making moves that resulted in the company’s growth right away.
In 1997 Mr. Neto founded the companies services department and created Parkbem; this is a parking lot management company. In 2001 Mr. Neto led the company into the shopping center segment. They developed the Shopping Metro Santa Cruz in Sao Paulo, Brazil; this was the first mall that included a subway station in Brazil. This property saw heavy traffic daily, with approximately 75,000 people passing through daily. This asset has since been sold to BR Malls. Under the watch of José Auriemo Neto, the company continued gaining momentum when they launched into the retail sector in 2009; during this year they signed partnership agreements which introduced Hermes and Jimmy Choo to Brail.
Under the Leadership of Mr. Neto, the company is expected to grow and could possibly continue to expand into different markets. The company currently owns a high-rise apartment building on Fifth Avenue in New York facing Central Park. As the United States continues to recover from their real estate debacle that resulted in the Great Recession, this company could possibly acquire more properties in major cities such as New York, Atlanta, and Miami.