JHSF Participacoes is one of the most prominent real estate development firms in the country of Brazil. Over the course of its nearly 50-year history, the company has only had two CEOs. One was the founder, Fabio Auriemo. The other, was his son, Jose Auriemo Neto.
Since the year 2000, Jose Auriemo Neto has been at the helm of the company. His leadership has proven that he has what it takes to lead a major corporation and continue to stay competitive in one of the most fought-over real estate development markets in Latin America.
Auriemo Neto immediately saw the potential in the parking industry. He formed the group Parkbem in order to take advantage of the rapidly growing number of Brazilians that were driving cars and commuting to work every day. All of these people, recognized Auriemo Neto, needed a place to park their vehicles in Brazilian cities, which were often times not even remotely optimized for parking convenience.
That bet proved to be a good one. Today, Parkbem has been spun off into its own firm, netting hundreds of millions of dollars for the company.
Another area in which Auriemo Neto has been aggressive in expanding has been into the luxury hotel business. In a recent transaction, JHSF Participacoes bought the entire Fasano hotel chain for $18 million. This includes properties as far-flung as Miami and Rio De Janeiro. The Fasano hotel chain has some of the top luxury hotels in the country of Brazil. And the investment is now bringing in a great deal of brand recognition as well as serious revenues for JHSF Participacoes.
Auriemo Neto has also been able to branch out into luxury shopping facilities. In one instance, a 180-store development that was exclusively created by JHSF Participacoes has partnered with a number of high-end retailers, including Luis Vuitton, Reebok Academy and Cinemark theaters. Auriemo Neto has also directed his company to develop a large number of luxury mega malls at other locations throughout the country of Brazil. This is quickly proving to be one of the more profitable business lines for the company.
JHSF is a famous Brazilian real estate company. It is the first Brazilian company to prioritize something called recurring income assets. The company has offices in Brazil and also other countries like Uruguay and United States. It has a value worth more than R$1.20 billion and has developed projects worth more than 6 million in square meters. The company was founded by a serious business man by the name Jose Roberto Auriemo and Fabio. There were also two other co-founding partners. The company which Jose headed specialized on developing real estate and construction during its formation or rather its inception. Later in the year 1990, the company split and Fabio took control of the real estate market operations while Jose Roberto was left managing the main company JHSJ.
In the year 2001, the company JHSF participates expanded its operations and formed a shopping center segment. The company developed a platform called the shopping metro Santa Cruz in Brazil in the city of Sao Paulo which was the only mall in the whole of Brazil to have something called the subway station. Later the company started growing and even bought many shares Fasano Group’s hotels. They became the majority shareholders. JHSF also negotiated for a shopping metro Santa which was supposed to be sold to BR malls in the year 2010.In 2014, JHSF inaugurated a shopping center in the name of Catarina Shopping Fashion outlet which is the first luxury market for Brazilians. They kept on opening new outlets with missions of expanding their business. They also created still in that small Catarina Executive Airport which was the first private airport that was established for executive aviation. That same year, the company management changed whereby Jose AuriemoNeto was elected as the chairman of the board while Eduardo Camara became the CEO rising from the position of a Vice President.
JHSF International has also opened branches in Uruguay and United States of America. They have since, developed the areas and have built buildings like Fifth Avenue in New York City. They also built a residential condominium in Uruguay by name Punta del Este. The company through the Chairmanship of Jose Auriemo have also built CidadeJardim complex that completed in the year 2006. It owns the biggest shopping arcade called shopping CidadeJardim.