Cyrela Brazil Realty

Brazilian homebuilder and real estate company

Cyrela Brazil Realty S.A Empreendimentos e Participações

Company type	Sociedade Anônima
Traded as	B3: CYRE3 Ibovespa Component
Industry	Real estate and Construction
Founded	1962
Headquarters	São Paulo, Brazil
Key people	Efraim Horn & Raphael Horn, (CEOs) Elie Horn, (Chairman)
Products	House-building
Revenue	US$ 784.5 million (2017)
Net income	- US$ 28.6 million (2017)
Number of employees	8,000
Website	www.cyrela.com.br

Cyrela Brazil Realty is the largest homebuilder and real estate company by revenue and market value in Brazil. Considered one of the most solid of the civil construction sector, currently operates in 16 states and 66 cities in Brazil, in addition to Argentina and Uruguay.^[1] Founded in 1962, with 35,000 customers Cyrella built 7,250,000 square feet (674,000 m²) of properties. The company is headquartered in São Paulo and listed in the B3.

The company was included in the Interbrand Ranking of the 25 Most Valuable Brazilian Brands in 2010, with an estimated brand value of R$545 million, occupying the 14th position.^[2] In the first quarter of 2013, the company had a net profit of R$179 million.^[3]

Cyrela Brazil Realty's Latin American competitors include such as Brazilian companies PDG Realty, Gafisa, MRV and Even and the Mexican Homex.

Among its main projects, the Faria Lima Financial Center and JK Financial Center in São Paulo and Le Parc Residential Resort in Salvador.

History

The company was founded by the Syrian born Jewish billionaire businessman Elie Horn is CEO and majority shareholder of CBR.

References

^ Investidor, Equipe Bússola do. "{{ngMeta['og:title']}}". www.bussoladoinvestidor.com.br. Retrieved 2023-01-17.
^ "Ranking Interbrand das Marcas Brasileiras mais Valiosas 2010" (PDF). Archived from the original (PDF) on 13 May 2013.
^ "Cyrela tem lucro líquido de R$ 179 milhões no 1º trimestre - 14/05/2013 - Mercado". Folha de S.Paulo. Retrieved 2023-01-17.