Odebrecht Realizações Imobiliárias (OR), the Organization’s real estate subsidiary, will launch major corporate, commercial, residential and multipurpose ventures in 2010 in all the regions of Brazil where it is present. They will total 5,000 units, representing a consolidated sales volume of BRL 3 billion. These are the real estate company’s highest numbers since its inception.

“Synergies with other Odebrecht companies enable us to develop outstanding housing solutions”Paul Altit

In May, OR announced the arrival of a new partner: Gávea Investimentos, one of the leading asset managers in the Brazilian financial market. “Synergies with other Odebrecht companies on integrated infrastructure and real estate projects enable us to develop outstanding housing solutions for the economical segment, through Bairro Novo (New Neighborhood), and middle- and high-income segment. Now, Gávea will help us achieve our goal of being the preferred choice for real estate investors in Brazil and other countries,” says Paul Altit, Entrepreneurial Leader (CEO) of OR.

OR Housing Solutions

Founded in 2003, Gávea Investimentos operates in three areas: hedge funds, asset management and private equity. It has a total of about 100 members at its Rio de Janeiro and São Paulo offices, and currently manages assets valued at roughly BRL 10.2 billion. Gávea Investimentos now owns a 14.5% stake of OR, and has two representatives on its Board of Directors. They are Amauri Bier and Ricardo Schenker Wajnberg.