History & Corporate Profile
CORPORATE PROFILE
Pacaembu is one of Brazil’s leading construction and real estate development companies, with over 32 years of experience focused on the low-income residential segment. The company is the largest builder of residential houses in the country, offering affordable properties with complete infrastructure in cities primarily located in the interior.
The founding partners, Eduardo de Almeida and Wilson de Almeida (“Founders”), were involved in the initial development of low-income housing projects financed by Caixa Econômica Federal, pioneering the Credit Association model with FGTS (Government Severance Indemnity Fund for Employees) resources.
In 1994, the Jardim Lavínia project in the city of Marília was signed, marking the beginning of the Credit Association model with FGTS resources in partnership with Caixa Econômica Federal. This was the start of the Founders’ involvement in the low-income housing market alongside Caixa Econômica Federal through the Credit Association and PAR (Residential Leasing Program) modalities.
On May 20, 1998, the company began operating in real estate development under the name “Pacaembu Empreendimentos e Construções Ltda,” solidifying the Pacaembu brand.
In 2009, the Federal Government launched the “Minha Casa Minha Vida” program, marking a significant milestone for the company with the launch of the Parque Residencial Nova Esperança development in São José do Rio Preto, São Paulo, comprising 2,509 housing units, and the Residencial Santa Maria in Botucatu, with 407 housing units.
In 2011, the company began its modernization and growth process, establishing a management model and the current board structure. In the same year, the Residencial Parque Nova Esperança was delivered in an event attended by the then-President of Brazil, Dilma Rousseff.
In 2013, the company shifted its focus to the 1.5 and 2 tiers of the “Minha Casa, Minha Vida” program, aiming to capitalize on growth opportunities, high housing demand, and low default risk.
In 2016, the company published its first audited financial statements, established a Consultative Board of Directors composed of market professionals, and joined ABRAINC (Brazilian Association of Real Estate Developers).
On May 1, 2018, the company restructured its corporate model, becoming a privately held corporation, and formally established its Board of Directors, replacing the Consultative Board of Directors.
As part of Pacaembu’s succession plan, in 2019, the presidency was taken over by Mr. Wilson Amaral, a market professional, to assist in the transition from the Founding shareholders to their successors, Victor de Almeida and Fernando de Almeida. The Founders then transitioned to strategic roles, holding positions only on the Board of Directors. Mr. Victor de Almeida holds a law degree from the Pontifical Catholic University of São Paulo, is a specialist in Consumer Relations Law from the same institution, and has a postgraduate degree in Business Administration from Fundação Getúlio Vargas. Mr. Fernando holds a degree in Civil Engineering from Fundação Armando Alvares Penteado and has nearly 15 years of experience in the real estate market.
Continuing the transition and professionalization process, in 2020, Pacaembu went public under CVM Category A, and formally implemented Novo Mercado practices and policies, such as maintaining the minimum required number of independent board members, creating an Audit Committee composed solely of independent members, establishing an internal controls, internal audit, and risk management area, among others.
In May 2021, after the successful conclusion of the transition process led by Mr. Wilson Amaral, Mr. Victor de Almeida and Mr. Fernando de Almeida assumed the role of co-presidents of the company, with Mr. Wilson Amaral remaining until September of the same year when he transitioned to a position solely on the Board of Directors.
Also in 2021, Pacaembu began its geographic expansion process beyond the interior of São Paulo, launching its first projects in Paraná, in the cities of Londrina, Ponta Grossa, and Arapongas.
In 2022, the company expanded its operations in Paraná, launching projects in the cities of Cafelândia, Cianorte, and Nova Aurora, totaling six cities in operation within the state.
Following the company’s succession plan, in April 2023, Mr. Victor de Almeida assumed the position of Executive Chairman of the Board, becoming a member of the Board of Directors, and Mr. Fernando de Almeida remained as the CEO of Pacaembu.
In 2023, continuing its geographic diversification process, the company began operations in Mato Grosso, launching its first project in the capital, Cuiabá, followed by its first project in Primavera do Leste, also in Mato Grosso.
The Landbank in June 2024 totaled more than 92 thousand units with estimated PSV R$15.1 billion located 74.3% in São Paulo state countryside and 25.7% in Paraná, Mato Grosso and Minas Gerais states.
Pacaembu concentrates its efforts on the Minha Casa, Minha Vida federal government program, as it sees great opportunities for growth and low risk of default, due to the structure of the program and the mortgage concession model, whereby the units sold are financed through Caixa Econômica Federal upon sale (even in the case of units sold before construction starts) with funds of the Government Severance Indemnity Fund for Employees (“FGTS”), reducing the possibility of cancellation of sales.
Architectural projects involve planning, approval and construction of large planned residential neighborhoods with full infrastructure, including paved streets, water and sewage systems, street lighting and detached one-floor houses. These projects include areas intended for commercial use, as well as facilities designed to meet the needs of the local population demands, such as (i) schools, (ii) day care centers, (iii) health care centers, (iv) social welfare centers and (v) spaces for sport activities, making the product more attractive. The Company believes that these characteristics are an important differential for the market in which it operates, generating high demand for its products, increasing sales speed and enabling faster construction cycles.
1991
Embrás Construtora Ltda. (“Embrás”) was founded by Eduardo and Wilson de Almeida.
1994
Embrás signed with Caixa Econômica Federal the Jardim Lavínia project, in the city of Marília, an embryo of the future Crédito Associativo loan with funds from the Government Severance Indemnity Fund (FGTS). This was the beginning of the founders’ work in the low-income market with Caixa Econômica Federal in the Crédito Associativo loan and Housing Leasing Program (PAR – Programa de Arrendamento Residencial) modalities.
2008
The founders assumed control of Haus Construtora Ltda. (“Haus”), a company founded in 2004, thus expanding activities in the area.
2009
The Federal Government launched the “My House, My Life” (Minha Casa, Minha Vida – MCMV) program. In the same year, Haus joined the MCMV program with the following projects: Parque Residencial Nova Esperança, in the city of São José do Rio Preto, with 2,509 residential units; and Residencial Santa Maria, in the city of Botucatu, with 407 residential units.
2011
Haus embarked in a process of growth, upgrading and professionalization, with the creation of a new management model and the current structure of the Executive Board. In the same year, the Residencial Parque Nova Esperança project was delivered at an event attended by then President, Ms. Dilma Rousseff.
2012
The founders assumed control of the Company, a limited-liability company founded by Renato Dourival Lerner and Ricardo Abraao Pedro on April 5, 1993, that operated under the name “Pacaembu Construções e Empreendimentos Ltda.” until then, and consolidated the Pacaembu Group brand.
2013
The Company adopted a new strategy of working only in brackets 1.5 and 2 of the MCMV program, as it saw great opportunities for growth and low risk of default.
2014
Merger between Haus and Embrás, and publication of the first audited balance sheet.
2015
The Company (i) won the ITC Award, being placed 36th in the ranking of the Largest Brazilian Construction Companies, improving 11 places over the previous year; and (ii) came in second place in the “Real Estate Construction – Privately-Held Companies” category of the As Melhores da Dinheiro award by Isto É Dinheiro magazine.
2016
The Company created its Advisory Board and joined the Brazilian Association of Real Estate Developers (ABRAINC).
2017
First place in the “Real Estate Construction – Privately-Held Companies” category of the As Melhores da Dinheiro award by Isto É Dinheiro magazine.
2018
The Company underwent corporate restructuring, becoming a privately held corporation, and formally created its Board of Directors.
2019
Mr. Wilson Amaral took office as CEO and the founders became members of the Board of Directors.
2020
In 2020, the Company was classifield as the second place in volume of square meters built by the traditional ranking of 100 Largest Construction Companies in Brazil, carried out by Intec Brasil. In addition, the organization of the award recognized the first place in four distinct areas with Pacaembu being the winner in the construction built completed.
For the fifth consecutive year, Pacaembu won the Isto É Dinheiro magazine award in the Real Estate Construction category and seventh place in the ranking of the best construction companies in the real estate sector, in the ranking of the best by Exame magazine.
2021
In 2021, Pacaembu Construtora is present in 3 of the most traditional performance evaluation rankings of the real estate market. The company was among the eight best in the real estate sector in the yearbook “Melhores e Maiores”, published by Exame magazine. In the ranking “1.000 Biggest in Dinheiro”, published by Isto É Dinheiro magazine, the company is highlighted among the top three in the categories Human Resources and Financial Sustainability. In the 21st edition of the yearbook “Valor 1.000”, a ranking of the traditional newspaper Valor Econômico, the company stands out in the category Asset Turnover, appearing in first place.
2022
In February 2022, based on the 2021 data, it was announced the INTEC Ranking of the 100 Largest Construction Companies in Brazil, an annual award held by INTEC Brazil, which classifies, honors and awards the 100 Largest Construction Companies of the previous year. Pacaembu was classified as the 2nd Largest Construction Company in the country in square meters built.
In May we received for the fifth consecutive year the Great Place to Work label, valid until May 2023. The certification identifies organizations that have the best places to work around the world.
2023
In march 2023, based on the 2022 data, Pacaembu for the second consecutive year is the second largest construction company in Brazil according to the traditional ranking of the 100 largest construction companies in Brazil carried out by INTEC Brasil. Pacaembu was also highlighted in the categories “More construction delivered in 2022” and “More construction delivered for low-income housing”.