- CEO
- Rodrigo González Yutronic
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Santiago Chile
- IPO Date
- Mar 22, 2012
- Business
- Ingevec S.A. is a Chile-based company engaged in engineering, construction, real estate development, and income-generating asset management. Founded in 1983 and headquartered in Santiago, Chile, the company operates across Chile and Peru through three principal business divisions: Engineering and Construction, Real Estate, and Investments and Income. The Engineering and Construction division delivers comprehensive civil engineering, general contracting, and project administration services for third-party clients and internal developments; its operational scope includes multi-family residential towers; single-family housing developments; public and subsidized social housing; commercial developments, such as shopping malls and corporate office centers; educational and university facilities; healthcare infrastructure; and cultural and civic centers. The Real Estate division, operating through subsidiaries such as Inmobiliaria Ingevec, manages the end-to-end development and marketing of residential property projects; its offerings include land acquisition and architectural design; high-rise urban condominium and housing development; and residential sales and post-sales services targeted at private individual buyers and institutional investors. The Investments and Income division manages a diversified portfolio of long-term yielding assets; its assets comprise an international hotel network of properties operated under long-term agreements with Accor S.A. under the ibis, ibis Budget, and ibis Styles brand names across Chile and Peru; and build-to-rent multifamily residential assets designed for institutional rental operations. In recent developments, Ingevec S.A. has expanded its strategic joint venture with asset management firm Larraín Vial by increasing its ownership stake to 32 percent in the LV-Ingevec Residential Rental Development Fund to accelerate the construction and operational consolidation of multifamily assets in high-demand metropolitan hubs. Concurrently, the company has advanced the operational consolidation and room occupancy rates across its 11-hotel hospitality portfolio, secured a substantial multi-year construction contract backlog, and reinforced its market-leading position in residential housing sales within the Santiago Metropolitan Region.