Equity International (EI), the privately owned investor and investors world-class companies outside the U.S., today announced the acquisition of capital shares in Grupo Tha, a leading regional housing construction company in Curitiba, Brazil, announced.
Grupo Tha is a family business in the fourth generation in the whole of southern Brazil, a recognized brand. The main activities of the company lies in housing, with emphasis on the development of housing projects for middle and higher income brackets in the states of Parana and Santa Catarina, the company operates in Curitiba, Camboriú / Blumenau and Joinville. Grupo Tha has two additional operating units: a platform for national construction services, which is based in Brazil apartments and commercial buildings for external companies, as well as offer an estate agent for residential real estate, marketing and distribution services for the company and other companies. In total, 2,000 projects with Grupo THA over 5.94 million square meters and a wide range of different buildings built and developed, including for residential, commercial, hospitality, retail, industrial, educational institutions and health care.
"We are delighted that we can begin the next chapter of residential investments in Brazil. The regions of Brazil are large and diverse and are characterized by both high growth and high entry barriers, "said Gary Garrabrant, chief executive officer of Equity International. "The THA family has built a unique brand in southern Brazil and a great reputation, and we are thrilled that we will become a major shareholder of Grupo Tha. We look forward to working with the highly competent management team Tha cooperate to achieve the full potential of the company's activities in housing and construction services to. "
Housing construction remains at a housing shortage of about six million units in Brazil is an attractive sector. It is assumed that this lack of housing together with an ever more numerous and more affluent consumer base - since 2003 in Brazil, 40 million people have become part of the middle class - bring in the near future an increase in demand for housing with them is. Southern Brazil is due to its strong industrial character, and better economic conditions as well as basic by the high level of education and the large purchasing power of population is very attractive. Grupo Tha features in major cities in southern Brazil has a significant, well-placed mortgage bank, which brings the company together with the integrated real estate platform in a good position for optimal implementation of this business opportunity.
Grupo Tha is a family business in the fourth generation in the whole of southern Brazil, a recognized brand. The main activities of the company lies in housing, with emphasis on the development of housing projects for middle and higher income brackets in the states of Parana and Santa Catarina, the company operates in Curitiba, Camboriú / Blumenau and Joinville. Grupo Tha has two additional operating units: a platform for national construction services, which is based in Brazil apartments and commercial buildings for external companies, as well as offer an estate agent for residential real estate, marketing and distribution services for the company and other companies. In total, 2,000 projects with Grupo THA over 5.94 million square meters and a wide range of different buildings built and developed, including for residential, commercial, hospitality, retail, industrial, educational institutions and health care.
"We are delighted that we can begin the next chapter of residential investments in Brazil. The regions of Brazil are large and diverse and are characterized by both high growth and high entry barriers, "said Gary Garrabrant, chief executive officer of Equity International. "The THA family has built a unique brand in southern Brazil and a great reputation, and we are thrilled that we will become a major shareholder of Grupo Tha. We look forward to working with the highly competent management team Tha cooperate to achieve the full potential of the company's activities in housing and construction services to. "
Housing construction remains at a housing shortage of about six million units in Brazil is an attractive sector. It is assumed that this lack of housing together with an ever more numerous and more affluent consumer base - since 2003 in Brazil, 40 million people have become part of the middle class - bring in the near future an increase in demand for housing with them is. Southern Brazil is due to its strong industrial character, and better economic conditions as well as basic by the high level of education and the large purchasing power of population is very attractive. Grupo Tha features in major cities in southern Brazil has a significant, well-placed mortgage bank, which brings the company together with the integrated real estate platform in a good position for optimal implementation of this business opportunity.
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