Urbi

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This article is about the Mexico-based construction company. For the software platform, see URBI.
Urbi Desarrollos Urbanos, S.A.B. de C.V.
Type Sociedad Anónima Bursátil de Capital Variable
Traded as BMV: URBI
Industry Construction & Real Estate
Founded 1981
Headquarters Col. Nueva, Mexicali, BC, Mexico
Key people Netzahualcóyotl Pérez Román (Chairman)
Cuauhtemoc Pérez Román(CEO)
Products Home builder
Revenue Decrease US$ 826.3 million (2012) [1]
Net income Decrease US$ 96.6 million (2012)[2]
Employees 2,100 (as of 1Q13)
Website www.urbi.com
Urbi mass housing construction near Tijuana, Mexico.
Mass housing construction by Urbi of Mexico.

Urbi, incorporated in 1981, is a home developer based in Mexico, its headquarters are located in the Northwestern city and the capital of the state of Baja California, Mexicali. The company is one of the most important home developers in Mexico, with an important presence in the Northern states of Mexico, as well as the metropolitan areas of Mexico City, Guadalajara and Monterrey.[citation needed] The company has been public since 2004, its stock trades in the Bolsa Mexicana de Valores.

Urbi engages in purchasing land, designing, building, marketing, and selling housing developments for the low-income, middle-income, upper middle-income and residential markets in Mexico. The company, as of 2013, has built and sold more than 430,000 homes in Mexico.[citation needed]

The company has invested in the development of sustainable communities; in 2002 it won the National Housing Award for a model development in the State of Mexico[3] and in 2009 its macro-development in the Valle de las Palmas area of Tijuana, Valle San Pedro, became the first in Mexico to be certified with the DUIS or Integral Sustainable Urban Development Certification.[4]

History[edit]

Urbi was born out of a strategic planning excercise.

In 1981 a group of young entrepreneurs began Urbi, with a solid business philosophy, deep market knowledge, a long range business plan, and with the vision to contribute to create a better Mexico. The idea to begin the company was conceived over a strategic planning exercise, when they were, with scholarships, taking postgraduate studies.

The small group was able to raise 70,000 USD, as a product of the sale of a couple of cars and from the savings that they had. At the beginning they did not have enough money to make all the necessary legal arrangements so they began the company with just a hand shake and based their business relations with the values that each of them learned at home.

The first projects were a couple of developments of 211 and 204 homes, built under a professional structure, with finance, planning, organizational development, technical and design areas, among others that worked as a “Swiss watch”. Its objective was to demonstrate that you could be able to get adequate profit margins with market financial costs in the affordable entry level or low income housing sector.

With the passing of the years Urbi has grown to become one of Mexico´s homebuilder leaders, with a presence, as of 2013, in 30 cities, including the metropolitan areas of Mexico City, Monterrey and Guadalajara.

The company employs advanced construction, management and marketing systems, and still focuses clearly on catering mainly to the low income market segment. >[5]<

References[edit]