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JHSF Participações

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JHSF Participações
Company typePublic
B3: JHSF3
IndustryReal estate and recurring income
Founded1972
FounderFábio Auriemo
Headquarters
São Paulo
,
Brazil
Areas served
Brazil, Uruguay, US
Key people
José Auriemo Neto (chairman of the board) and Augusto Martins (CEO)
ProductsReal estate development, residential, commercial, shopping centers, hotels, restaurants
RevenueR$ 384.6 million (in 2016)
Increase R$ 249.9 million (in 2016)
Total assetsR$ 11 billion (in 2024)
Number of employees
2800 (in 2024)
Websitejhsf.com.br/en/

JHSF Participações is a Brazilian real estate holding company, investing in the high-income segment with a focus on recurrent income assets. 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 2023, the company had a market value of approximately R$2.7 billion.[3]

History

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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]

In 2007, the company registered its IPO and began publicly trading.[12] At the end of the same year, JHSF inaugurated the Fazenda Boa Vista development, a summer residential condominium with 12 million square meters, in the municipality of Porto Feliz, in São Paulo.[13]

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][14][15][16] 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][17][18]

Camara remained in the position until February 2018, when he was replaced by Thiago Alonso de Oliveira, who remained in the position until the beginning of 2024. Augusto Martins took over as CEO of the company in February this year.

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

Projects

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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.[23][24][25][26]

In 2018, JHSF launched its second expansion of the Catarina Fashion Outlet, making it the largest outlet branch in the country. The same year, the sale of five minority stakes in XP Malls assets was closed, with an approximate value of R$650 million.[27]

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.[28][29] The airport is part of the Catarina Integrated Urban Development, which also includes Shopping Catarina Fashion Outlet and the Catarina Corporate Center.[30][31][32] The Fasano Cidade Jardim development was also launched in 2019, featuring residential units, a hotel, and club.[33][34]

The Boa Vista Village, an expansion of the Boa Vista Complex, was also launched in 2019. The expansion includes the first PerfectSwell wave pool in Latin America, with technology that generates waves for up to 22 seconds.[35]

JHSF opened Shops Jardins, a mall integrated into Hotel Fasano, in 2020. The project is a partnership between JHSF and XP Malls Fundo de Investimentos Imobiliarios. Shops Jardim houses the first Isabel Marant and Inès de La Fressange shops in Brazil, as well as the first men's Balmain globally.[36][37]

In 2021, the executive airport received approval to operate international flights.[38] Also in 2021, Boa Vista Estates, the third development in the Boa Vista Complex, completed its launch.[39] At the end of the year, JHSF acquired 67% of Usina São Paulo, one of the main governmental de-pollution projects for São Paulo's Pinheiros River.[40]

In 2023, Boa Vista Village opened in Porto Feliz. The development features Surf Lodge Residences, the Boa Vista Village Surf Club, a spa, and surf pool with beach access.[41]

International

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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.[42][43][44][45][46][20]

In 2021, JHSF opened the Fasano Fifth Avenue in New York City.[47][48] In 2022, Fasano Fifth Avenue made the list of 8 Best Hotels in New York by Vogue America.[49]

Focusing on its international expansion, JHSF also acquired an art deco building in Miami Beach in 2022. JHSF plans to open Fasano Miami in 2024.[50][51]

Managed enterprises

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  • Parque Cidad Jardim - São Paulo
  • Fazenda Boa Vista – Porto Feliz
  • Boa Vista Village – Porto Feliz
  • Shopping Cidade Jardim – São Paulo
  • Catarina Fashion Outlet – São Roque
  • Fasano group hotels & restaurants
  • Shops Jardins – São Paulo
  • Faria Lima Shops[52]
  • São Paulo Catarina Executive International Airport[30][31][32]
  • Retail: Emilio Pucci, Aquazzura, Brunello Cucinelli, Balmain, Celine[53]
[edit]

References

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  1. ^ a b 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. ^ a b Gustavo Poloni. "Ele criou o Cidade Jardim". Revista Crescer. Retrieved June 19, 2017.
  5. ^ a b "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. ^ "Initial Public Offerings in Brazil". Scielo. Retrieved July 28, 2023.
  13. ^ Gilberto Scofield Jr. "O condomínio em Porto Feliz, São Paulo, onde os ricos descansam". O Globo. Retrieved July 28, 2023.
  14. ^ Marina Gazzoni (October 17, 2014). "JHSF inaugura outlet de luxo em São Paulo". Exame. Retrieved June 19, 2017.
  15. ^ Rafael Barbosa (October 16, 2015). "Catarina Fashion Outlet comemora um ano e inaugura sua expansão neste domingo". JE Online. Retrieved June 19, 2017.
  16. ^ Rafael Barbosa (November 28, 2016). "Expansão exige cuidado pois sucesso não é garantido". Isto É Dinheiro. Retrieved June 19, 2017.
  17. ^ Mariana Barbosa (April 28, 2014). "Zeco Auriemo deixa a presidência da incorporadora JHSF". Jornal Folha de S. Paulo. Retrieved June 19, 2017.
  18. ^ Chiara Quintão (April 29, 2014). "Eduardo Camara vai assumir presidência da JHSF". Valor Econômico. Retrieved June 19, 2017.
  19. ^ Bruno Astuto (October 11, 2015). "Construtora diz que Fasano de Punta Del Leste reabrirá". Revista Época. Retrieved June 19, 2017.
  20. ^ a b 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. Archived from the original on December 30, 2017. Retrieved June 19, 2017.
  22. ^ "Profile". Reuters. Retrieved June 22, 2017.
  23. ^ "JHSF vende 14 andares de edifício comercial a valia por R$208 milhões". Uol Economia. June 18, 2009. Retrieved June 19, 2017.
  24. ^ "As várias frentes de auriemo". Isto É Dinheiro. November 7, 2007. Retrieved June 19, 2017.
  25. ^ Rafael Balsemão and Leandro Nomura (July 6, 2008). "Famílias de São Paulo se mudam para condomínios 4 em 1". UOL. Retrieved June 19, 2017.
  26. ^ Ana Clara Costa (September 13, 2011). "Cidade Jardim reforça o luxo para ganhar mais clientes". Revista Veja. Retrieved June 19, 2017.
  27. ^ "JHSF conclui venda de cinco participações minoritárias para a XP Malls". Istoe Dinheiro. Retrieved September 7, 2023.
  28. ^ "JHSF inaugura primeiro aeroporto privado do Brasil". Money Times. December 16, 2019. Retrieved January 30, 2020.
  29. ^ "SP inaugura primeiro aeroporto privado do pais voltado para aviaçao executiva". Folha de SP. December 16, 2019. Retrieved January 30, 2020.
  30. ^ a b Zeca Ferreira. "JHSF (JHSF3) vai construir residencial de luxo com praia privada e clube de surf na capital paulista". Money Times. Retrieved July 28, 2023.
  31. ^ a b Bruno Andrade. "JHSF conclui aquisição de usina próxima ao Shopping Cidade Jardim". Money Times. Retrieved July 28, 2023.
  32. ^ a b "Interior de São Paulo ganha primeiro aeroporto executivo internacional capaz de receber jatos de grande porte". UOL. Retrieved July 28, 2023.
  33. ^ "Fasano Cidade Jardim vai reunir residencial, hotel e clube". GQ. Retrieved July 28, 2023.
  34. ^ Luzara Pinho. "Compra, residência e hospitalidade em um lugar só: JHSF apresenta o Fasano Cidade Jardim". UOL. Retrieved July 28, 2023.
  35. ^ "Boa Vista airs footage of new wave pool". Wave Pool Mag. Retrieved September 7, 2023.
  36. ^ Novello Dariella. "Novo destino de compras de luxo, CJ Shops Jardins, é inaugurado em São Paulo". Fashion Network. Retrieved July 28, 2023.
  37. ^ "Interior de São Paulo ganha primeiro aeroporto executivo internacional capaz de receber jatos de grande port". UOL. Retrieved July 28, 2023.
  38. ^ "Aeroporto executivo da JHSF irá operar voos internacionais". Forbes. Retrieved September 7, 2023.
  39. ^ "JHSF tem forte resultado com incorporação e retomada dos shoppings; ação chega a subir 6%, mas fecha em alta de 2%". Info Money. Retrieved September 7, 2023.
  40. ^ "JHSF Participações conclui aquisição da Usina São Paulo". Capitalist. Retrieved September 7, 2023.
  41. ^ Daniel Cancel. "Golf Courses, Wave Pools and Gucci: Sao Paulo's 'Greenwich' Has it All". Bloomberg. Retrieved July 28, 2023.
  42. ^ 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.
  43. ^ Luciana Fróes (January 31, 2011). "Fasano comenzo construir Las Piedras Residences". Jornal Extra. Retrieved June 19, 2017.
  44. ^ 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.
  45. ^ "JHSF Participações SA's controlling shareholders make offer to sell 5 company units for $200 million". Reuters. October 9, 2015. Archived from the original on September 9, 2017. Retrieved June 19, 2017.
  46. ^ "Uruguai é destino para quem quer luxo e maravilhas naturais". Terra. Retrieved June 19, 2017.
  47. ^ Emma Reynolds. "Fasano Fifth Avenue, New York's Latest Private Club, Debuts Luxury Residences". Forbes. Retrieved August 9, 2023.
  48. ^ "Hotel Fasano chega a Nova York. E não faz muito sentido". eInvestidor. Retrieved August 9, 2023.
  49. ^ "Fasano Fifth Avenue é eleito um dos melhores hotéis de Nova York". Vogue. Retrieved August 9, 2023.
  50. ^ "Zeco Auriemo compra prédio para abrir o Fasano Miami". Brazil Journal. Retrieved August 9, 2023.
  51. ^ Robson Bonin. "O avanço do Fasano nos Estados Unidos". Veja. Retrieved August 9, 2023.
  52. ^ "Managed enterprises". Retrieved August 9, 2023.
  53. ^ "Ecommerce Cidade Jardim Fashion". Retrieved August 9, 2023.
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