History & Corporate Profile
Pacaembu was founded in 1991, and it is currently one of the largest companies specialized in the large-scale development and construction of standardized, detached one-floor houses in horizontal and open projects, located in planned neighborhoods with full infrastructure mainly in São Paulo state countryside.
In october 2020, we launched in Trindade, State of Goiás, our first project outside the state of Sao Paulo, with 304 units in the first stage (768 units in total), starting the controlled process of expanding our business beyond of the state of Sao Paulo.
At the end of March 2021, we had 9.1 thousand units under construction at construction sites.
Throughout its existence, the company has launched projects located in approximately 41 cities, 40 of which are in the state of Sao Paulo and 1 city in Goiás, totaling more than 66 thousand units sold.
Pacaembu concentrates its efforts on the Casa Verde e Amarela 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”), eliminating 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.
Embrás Construtora Ltda. (“Embrás”) was founded by Eduardo and Wilson de Almeida.
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.
The founders assumed control of Haus Construtora Ltda. (“Haus”), a company founded in 2004, thus expanding activities in the area.
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.
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.
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.
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.
Merger between Haus and Embrás, and publication of the first audited balance sheet.
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.
The Company created its Advisory Board and joined the Brazilian Association of Real Estate Developers (ABRAINC).
First place in the “Real Estate Construction – Privately-Held Companies” category of the As Melhores da Dinheiro award by Isto É Dinheiro magazine.
The Company underwent corporate restructuring, becoming a privately held corporation, and formally created its Board of Directors.
Mr. Wilson Amaral took office as CEO and the founders became members of the Board of Directors.
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.
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.