- Business
- Consorcio ARA, S. A. B. de C. V. (CNRFF) designs, promotes, constructs, and markets low-income, affordable entry-level, middle-income, and residential housing developments throughout Mexico. The company offers a diversified portfolio of housing products including Affordable Entry Level homes priced from MXN500,000 to MXN840,000; Middle Income homes priced from MXN840,001 to MXN1,730,000; and Residential homes priced above MXN1,730,000; as well as urban infrastructure such as streets, parks, water supply systems, power plants, schools, and commercial areas. It also builds and operates shopping centers including full centers like Centro San Miguel, Centro las Américas, and Paseo Ventura (50% owned), single centers, and mini shopping centers with a total gross leasable area of 205,409 square meters at 95% occupancy; rents mini-supermarkets under operating leases; and develops other real estate projects such as land sales and non-housing properties including commercial developments, tourist resorts, and industrial zones. Founded in 1977 and headquartered in Mexico City at Park Plaza Torre II, Av. Javier Barros Sierra 540, Santa Fe, the company operates in 15 states across 21 cities and 31 municipalities with 41 developments and maintains a land bank of 30.5 million square meters sufficient for 118,221 homes, fully paid and 95% free of liens. Principal subsidiaries include Constructora y Urbanizadora ARA, S.A. de C.V., Promotora y Desarrolladora de Centros Comerciales, S.A. de C.V., and Inmobiliaria ACRE, S.A. de C.V. In recent developments, Consorcio ARA reported an 8.1% revenue increase to MXN1,749.3 million in Q3 2025 with net income of MXN184.5 million, driven by housing deliveries under Infonavit programs and a 109.1% rise in other real estate revenues from land sales and shopping center leases; achieved 11.1% revenue growth to MXN5,930 million in the first nine months of 2025; expanded shopping center area by 212,000 square meters across six centers and union mini centers; strengthened commercial and product leadership teams amid inflation-adjusted payroll increases; and pursued joint ventures for northern Mexico expansion while evaluating land development versus sales to maximize value.