Cyrela Brazil Realty
Cyrela Brazil Realty (Cyrela Brazil Realty SA Empreendimentos e Participacoes) is a Brazilian company based in São Paulo , active in the real estate industry. The company focuses on the construction, development, promotion and sale of residential real estate . The activities are divided into three business areas: real estate, housing and services. The real estate sector offers houses for high-income families. The Housing division offers housing for middle- and low-income families. The Services division encompasses the subdivision of properties and the provision of other real estate services. The company develops residential projects independently and through joint venture partnerships. The company is active in the Brazilian market through numerous subsidiaries.
The main properties include the projects of the Faria Lima Financial Center in São Paulo, the JK Financial Center in São Paulo and the Le Parc Residential Resort in Salvador (Bahia) , the largest luxury residential complex in Brazil.
history
- 1962: Cyrela is founded in São Paulo.
- 1981: Cyrela Construtora and Seller (own sales team) are created.
- 1994: Establishment of Brazil Realty , a joint venture with the Argentinian company IRSA .
- 1996: The company is listed on the Brazilian stock exchange .
- 2000: Beginning of the collaboration between Cyrela and RJZ Engenharia in Rio de Janeiro .
- 2002: IRSA starts to invest in Brazil Realty.
- 2004: The subsidiaries of Cyrela are merged under Cyrela Vancouver .
- 2005: May - Cyrela Vancouver merged to Brazil Realty and renamed Cyrela Brazil Realty SA Empreendimentos e Participações (CBR).
September - Cyrela's shares are traded on BM & FBovespa’s Novo Mercado .
- 2006: Start of geographical diversification with eight partnerships in seven Brazilian states.
- 2009: The Living subsidiary becomes an independent company with its own headquarters.
- 2016: Cyrela takes a 13.62% stake in Tecnisa SA
- 2018: Cyrela creates the Vivaz brand and is now active in the economy segment in partnership with the Minha Casa Minha Vida program.