JHSF is a publicly listed real estate development company that is listed on the Novo Mercado of BMF &Bovespa in the year 2007. It got listed under the leadership of its current Chairman of the Board of Directors José AuriemoNeto. As of the year 2016, its market value was R $ 1.20 billion. This can only be termed as phenomenal growth for a company founded in the year 1972 by two brothers one being Fabio the father of the current chairman and José Roberto Auriemo. The company was started in the city of San Paulo and was to later incorporate 2 more partners within a short period.
It began its operations as a construction company mostly dealing with residential and commercial properties before growing and being able to handle bigger projects. This dream came true for the brothers in the year 2001 when they build their first mall in San Paulo called Metrô Santa Cruz. It was the first shopping mall regionally to be built in a high traffic area and directly connected to a subway station.
The phenomenal growth of the company was to manifest itself when in 2006 the current chairman of JHSF took leadership. He had already been working for the company successfully since age 17 when he developed Park Bem and then went on to become director of the shopping mall at 22.
José AuriemoNeto oversaw the launch of CidadeJardim complex in the year 2006 which marked the entry of JHSF into the high-end high-income market in Brazil. This was followed by a massive investment in the hotel industry following the acquisition of the Fasano Group hotels where they later bought a controlling stake.
JHSF, later on, set its eyes on the international market targeting big cities such as NewYork where they went ahead to develop the 815 building on 5th avenue. They have other developments such as condominium Las Piedras in Uruguay as well as other cities.
This level of growth has seen JHSF continue to be one of Brazil’s most successful real estate developers and as José AuriemoNeto continues leading this organization it’s only a matter of time before they are in every major city around the world.