- CEO
- Efraim Schmuel Horn
- Full Time Employees
- 984
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- Rua do Rocio São Paulo SP Brazil 04552-000
- IPO Date
- Jan 30, 2008
- Business
- Cyrela Brazil Realty S.A. Empreendimentos e Participações engages in the development, construction, promotion, and sale of residential real estate properties across Brazil. The company operates through three primary business segments: Real Estate, which focuses on high-end and luxury residential and commercial buildings developed independently or via partnerships; Housing, encompassing middle-segment residential projects under the Living brand and economy-segment initiatives under the Vivaz brand in conjunction with the Minha Casa Minha Vida government program; and Services, providing construction management, technical consultancy, land subdivision, and related real estate services. Cyrela employs a vertically integrated model spanning development, construction, sales, and post-sale services, leveraging standardized techniques for economies of scale in material procurement and operations, with projects executed in over 60 cities across more than 15 states.
Founded in 1962 and headquartered in São Paulo, Brazil, Cyrela targets high-income, middle-income, low-income, and economy-segment customers, primarily in urban markets throughout the country. The company maintains control over its projects through strategic joint ventures and subsidiaries, including historic partnerships such as those with RJZ Engenharia and recent engagements like a 50:50 joint venture with Canada Pension Plan Investment Board signed in 2025 for residential developments. It also holds a minority stake in Tecnisa S.A. and operates distinct brands like Living for mid-market housing and Vivaz for affordable units.
In recent developments, Cyrela launched 18 new projects valued at R$5.05 billion during the third quarter of 2025, reflecting accelerated expansion amid sustained housing demand. Contracted sales reached R$6.8 billion for the first nine months of 2025, up 19% year-over-year, with net income of R$609 million in the latest reported quarter and units delivered totaling R$4.9 billion year-to-date, a 68% increase. The company continues heavy investments in land acquisition to bolster its R$15 billion inventory, emphasizes digital sales platforms for efficiency, and anticipates growth from potential interest rate reductions enhancing mortgage affordability, while navigating challenges like the cancellation of the Jard das Perizes land deal impacting 2026 Vivaz launches.