As Brazil’s economy continues to deal with its recession and recovery, it’s real estate market will be a key player in that recovery. According to a 2014 BBC report, Brazil’s home lending was at 32% which put it at 8% of the country’s economy compared with neighbor Chile at 20% and the United States at 70%. Here is a look at some key companies in the Brazilian real estate industry.
Construcap is among the top ten construction companies in Brazil. The company, as it stands now, was born out of the 1972 merger of Construtora Pereira de Souza and Construcap Engenharia which lead to the creation of Construcap CCPS Engenharia e Comerico S/A. Construtora Pereira de Souza was founded in 1944 by engineers Caio Luiz Pereira de Souza and Henrique Pegado. The other company was founded in 1955 by engineers Julio Capobianco, Jose Mandacaru Guerra, John Ulic Burke Jr., Jose Ribeiro do Valle, and Iorio Adami.
Since it’s 1972 merger to its current form, the company has been active in both the private and public markets. The company has said that it is committed to the environment and sustainable projects . One of the latest stories to emerge about the company was the arrest of the companies owners which was reported on in July of 2016 by Exame.com. Eduardo and Roberto Capobianco arrested temporarily. The company had been investigated for payment of $39 million in kickbacks in the procurement of the works of the Petrobras Research Center (Cenpes) in Rio. The two brothers are related to the coordinator of Marina Silva’s presidential campaign.