JHSF Participacaoes is, today, one of the most important real estate developers in the country of Brazil. Founded in 1972 by Fabio Auriemo, the company has grown steadily ever since. In 1993, Fabio Auriemo’s son, Jose Auriemo Neto, began working at the firm in a managerial role. Over the course of the next decade, he proved that he was an able leader and capable of quickly learning all aspects of the business. By the time Auriemo Neto was ready to retire, in 2003, Auriemo Neto was the obvious choice for replacing him.
That choice has proven to be propitious. Auriemo Neto has been a capable leader, taking the firm from one of just a few million dollars into a multibillion-dollar public company over the span of just a few years. In 2007, Auriemo Neto oversaw JHSF Participacaoes’ IPO, a deal that would see the company raise billions of dollars in capital and create vast amounts of wealth for its shareholders. Since the IPO, Auriemo Neto has continued expanding both the firm’s market capitalization and its portfolio of properties under management. Today, JHSF Participacaoes is the single largest owner and operator of luxury developments throughout the country.
But Auriemo Neto has also made a point of undertaking ambitious projects that greatly help the people of Brazil. One such example is the General Motors Brazilian Proving Grounds, located outside of Sao Paulo. This is the largest automotive proving ground anywhere in Latin America and has created hundreds of thousands of jobs around its campus. Other projects that Auriemo Neto has undertaken while at the helm of JHSF Participacaoes include one of the Sao Paulo area’s first totally private executive airports.
Sao Paolo Catarina Executive Airport is slated to open sometime this year and will be the largest private airport anywhere in Brazil. It will feature an 8,000-foot runway and facilities to accommodate intercontinental-range private jets. This will dramatically reduce the time that the elite jet-set needs to spend around the airport when coming into and out of the Sao Paulo metropolitan area. It is anticipated that this airport may attract billions of dollars in capital to the Sao Paulo area, making it a major new source of economic development.