JHSF Participações

JHSF Participações is a Brazilian real estate holding company. It is known as the first company in Brazil to prioritize recurrent income assets, including shopping malls, airports, hotels and other real estate projects.[1][2] The company operates in the Brazilian market, as well as in other countries, such as the United States and Uruguay. In 2020, the company had a market value of approximately R$5,2 billion.[3]

JHSF Participações
TypePublic
BM&F Bovespa
IndustryReal estate and recurring income
Founded1972
FounderFábio Auriemo
Headquarters
São Paulo, Brazil
,
Brazil
Areas served
Brazil, Uruguay, US
Key people
José Auriemo Neto (chair of the board of directors) and Thiago Alonso Oliveira (President)
ProductsReal estate development, residential, commercial, shopping centers, hotels, restaurants
RevenueR$ 384.6 million (in 2016)
R$ 249.9 million (in 2016)
Total assetsR$ 4.5 billion (in 2018)
Number of employees
500 (in 2016)
Websitejhsf.com.br/en/

History

The company was founded under the name JHS in São Paulo, Brazil in 1972 by brothers Fábio and José Roberto Auriemo and two other partners. The company focused on construction and real estate development at its inception. By 1990, JHS had split into two companies with Fábio Auriemo taking control of real estate market operations (JHSF Participações), and José Roberto Auriemo heading the other company (JHSJ).[4]

In 2001, JHSF Participações expanded its business into the shopping center segment. The company developed the Shopping Metrô Santa Cruz in São Paulo, Brazil, which was the first mall in the country to have a subway station.[5][6]

The company also became the majority shareholder of Fasano Group's hotels at that time.[7][8][9][10][11]

JHSF negotiated for Shopping Metrô Santa Cruz to be to sold to BR Malls in 2010. By 2016, Hemisfério Sul Investimentos Group had concluded the purchase of Shopping Metrô Tucuruvi. In 2014, JHSF inaugurated Catarina Fashion Outlet, the first outlet in Brazil in the luxury market. The mall is part of a project that includes São Paulo Catarina Executive Airport, the first private airport for executive aviation in the country.[5][12][13][14] In the same year, Vice President Eduardo Camara took over as CEO and José Auriemo Neto became its chairman of the board of directors.[1][15][16]

Camara remained in office until February 2018, when he was replaced by Thiago Alonso de Oliveira. In addition to managing director, Oliveira has accumulated the positions of chief financial officer, director of investor relations and member of the company's board of directors.[17][18]

By 2017, JHSF had developed more than 6 million square meters of real estate projects.[19][4][20][21][22]

Projects

JHSF Internacional has developed projects in the United States and Uruguay. The company's most notable buildings are 815 on Fifth Avenue in New York City and the real estate development of the residential condominium Las Piedras in Punta del Este, Uruguay.[23][24][25][26][27][20]

JHSF launched the Cidade Jardim complex in 2006, which includes the Shopping Cidade Jardim. In addition to the shopping mall, the complex consists of nine residential towers that are part of the high-end condominium Parque Cidade Jardim, and three commercial towers that make up the Cidade Jardim Corporate Center.[28][29][30][31]

In December 2019, JHSF opened São Paulo Catarina Executive Airport, Brazil's first private airport, dedicated to executive flights. Located in the city of São Roque, in the interior of São Paulo, the project has a capacity for 200 thousand landings and takeoffs per year, and was built in an area of 5.2 million square meters.[32][33]

References
  1. Marina Gazzoni (October 27, 2014). "JHSF investiu em hotel, loja e aviação". Revista Exame. Retrieved June 19, 2017.
  2. Marina Gazzoni (October 27, 2014). "JHSF muda foco para lucrar com aluguel de imóveis". Revista Exame. Retrieved June 19, 2017.
  3. "Markets". Bloomberg. Retrieved June 19, 2017.
  4. Gustavo Poloni. "Ele criou o Cidade Jardim". Revista Crescer. Retrieved June 19, 2017.
  5. "BR compra shopping Metrô Santa Cruz por $188 milhões". Revista Exame. October 10, 2010. Retrieved June 19, 2017.
  6. "Shopping Metrô Santa Cruz". Vila Mariana. Retrieved June 19, 2017.
  7. Bruno Rosa (June 19, 2014). "JHSF compra Fasano por R$53 milhões". O Globo. Retrieved June 19, 2017.
  8. "Grupo Fasano vende restaurantes para JHSF". O Popular. June 21, 2014. Retrieved June 19, 2017.
  9. Rogério Ferraz. "Menu of the day: JHSF acquires Fasano restaurants". Business Luxo. Archived from the original on January 19, 2015. Retrieved June 19, 2017.
  10. "JHSF fecha acordo para comprar restaurantes do grupo Fasano". Exame. June 20, 2014. Retrieved June 19, 2017.
  11. "Construtora JHSF compra parte do Fasano e quer montar hotel em NY". Estadão. Retrieved June 19, 2017.
  12. Marina Gazzoni (October 17, 2014). "JHSF inaugura outlet de luxo em São Paulo". Exame. Retrieved June 19, 2017.
  13. Rafael Barbosa (October 16, 2015). "Catarina Fashion Outlet comemora um ano e inaugura sua expansão neste domingo". JE Online. Retrieved June 19, 2017.
  14. Rafael Barbosa (November 28, 2016). "Expansão exige cuidado pois sucesso não é garantido". Isto É Dinheiro. Retrieved June 19, 2017.
  15. Mariana Barbosa (April 28, 2014). "Zeco Auriemo deixa a presidência da incorporadora JHSF". Jornal Folha de S. Paulo. Retrieved June 19, 2017.
  16. Chiara Quintão (April 29, 2014). "Eduardo Camara vai assumir presidência da JHSF". Valor Econômico. Retrieved June 19, 2017.
  17. "A JHSF vai trocar seu comando a partir de fevereiro". ‘’Folha de SP’’. Retrieved May 29, 2018.
  18. "Novo diretor presidente da JHSF". ‘’Finance News’’. Retrieved May 29, 2018.
  19. Bruno Astuto (October 11, 2015). "Construtora diz que Fasano de Punta Del Leste reabrirá". Revista Época. Retrieved June 19, 2017.
  20. Katherine Clarke (February 22, 2013). "Brazilian developer has fifth ave residentes steaming over proposed luxury high rise". Business Insider. Retrieved June 19, 2017.
  21. "Garoto Prodígio". Revista Isto É Dinheiro. October 22, 2003. Retrieved June 19, 2017.
  22. "Profile". Reuters. Retrieved June 22, 2017.
  23. Luciana Fróes (January 31, 2011). "Primeiro Fasano fora do Brasil, Hotel Las Piedras, é sensação de Punta del Leste". Jornal Extra. Retrieved June 19, 2017.
  24. Luciana Fróes (January 31, 2011). "Fasano comenzo construir Las Piedras Residences". Jornal Extra. Retrieved June 19, 2017.
  25. Rodrigo Rocha and Juliana Machado (March 1, 2016). "JHSF assina contrato de USD 200 milhões para venda de bens no exterior". Valor Econômico. Retrieved June 19, 2017.
  26. "JHSF Participações SA's controlling shareholders make offer to sell 5 company units for $200 million". Reuters. October 9, 2015. Retrieved June 19, 2017.
  27. "Uruguai é destino para quem quer luxo e maravilhas naturais". Terra. Retrieved June 19, 2017.
  28. "JHSF vende 14 andares de edifício comercial a valia por R$208 milhões". Uol Economia. June 18, 2009. Retrieved June 19, 2017.
  29. "As várias frentes de auriemo". Isto É Dinheiro. November 7, 2007. Retrieved June 19, 2017.
  30. Rafael Balsemão and Leandro Nomura (July 6, 2008). "Famílias de São Paulo se mudam para condomínios 4 em 1". UOL. Retrieved June 19, 2017.
  31. Ana Clara Costa (September 13, 2011). "Cidade Jardim reforça o luxo para ganhar mais clientes". Revista Veja. Retrieved June 19, 2017.
  32. "JHSF inaugura primeiro aeroporto privado do Brasil". Money Times. December 16, 2019. Retrieved January 30, 2020.
  33. "SP inaugura primeiro aeroporto privado do pais voltado para aviaçao executiva". Folha de SP. December 16, 2019. Retrieved January 30, 2020.
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