JHSF Participacoes started operations in the Brazilian real estate sector in 1972 after Fabio Auriemo partnered with three like-minded entrepreneurs to open its first office in Sao Paulo. The company was named JHS initially. As a small company then, JHSF struggled to cope with internal management wrangles but 18 years down the road, it split into two companies. Fabio Auriemo continued investing in construction and real estate, rebranding his share of JHS to JHSF. He led the firm for 13 years before relinquishing his CEO position to his eldest son, Jose Auriemo Neto, in 2003.
An Award-winning Company
JHSF Participacoes has developed many high-end shopping centers, commercial and residential apartments, and airports in Brazil, Uruguay, and the U.S. Some of these projects have gone ahead to win awards from different organizations, both for themselves and for the company. Jardim Cidade in Brazil, for example, won the Best Aqua Seal Environmental Profile Award in 2012. The Vitra Building, on the other hand, was listed among the Worth Magazine’s top ten residential apartments across the world in 2012. During the Brazilian Forum of Shopping Centers in 2014, Catarina Fashion Outlet was among the award-winning shopping centers. These, among other projects developed by JHSF, have won the company a good reputation from across the countries in which it operates.
2015 Fiscal Year
JHSF Participacoes SA did impressively well in the first quarter of 2015 fiscal year. The company’s records indicated a 3 percent increase in both sales and SSR of malls in the quarter compared to the year ending December 2014. SSS and SAS registered a 2.1 percent and 2.8 percent increase respectively. The records further showed that the company’s average convert recorded a 2.3 percent increase. Over and above that, JHSF’s financial expenses decreased by 27 percent. JHSF was valued at a market value of approximately R $1.2 billion by May 2015 and what JHSF knows.
More about Jose
Since taking over the reins of management from his dad in 2003, Jose Auriemo Neto has done nothing short of marvelous. It is during his tenure that the company launched and completed big projects, including the Jardim Cidade Shopping Mall and the Shopping Ponta Negra and JHSF’s lacrosse camp.
Socially, Jose is married to Mariana Landman Auriemo with whom he has two kids. Jose is also an early riser and works for long hours.
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