Five decades of history

Establishment of Cyrela, in São Paulo (SP).

Establishment of Cyrela Construtora and Seller–its own sales team.

Brazil Realty is created: a joint venture with Argentine company IRSA.

Brazil Realty lists its stock through a Initial Public Offering (IPO).

Start of the partnership with RJZ Engenharia, in Rio de Janeiro.

Purchase of IRSA’s equity in Brazil Realty.

  • The company is renamed Cyrela Brazil Realty S.A., Empreendimentos e Participações (CBR).

  • In September, the first Initial Public Offering (IPO) of Cyrela is made, entering BM&FBOVESPA’s Novo Mercado.

  • Beginning of the geographic expansion through eight partnerships in seven Brazilian states.

  • In January, the joint venture Agra Empreendimentos is established.

  • In February, the joint venture MAC Empreendimentos is established.

  • In April, two other joint ventures are created: Plano & Plano Participações, and Goldsztein Cyrela, to work in the southern states of Rio Grande do Sul, Santa Catarina, and Paraná. RJZ Participações is also founded.

  • In July, Cyrela’s stock followon is made.

  • In December, Cyrela launches the first project of Living, the brand aimed at the economic and super economic market.

  • In January, the joint venture SK Realty Empreendimentos is established.

  • In April, Cyrela makes the first public issuance of debentures, amounting to R$ 500 million, maturing in seven years.

  • In July, the joint venture Cury Construtora is created.

  • In August, Cyrela Commercial Properties (CCP) is created from the spin-off of operations comprising corporate real estate, logistics centers, and shopping malls. CCP’s shares start to be traded on BM&FBOVESPA’s Novo Mercado on August 9.

  • In December, Cyrela establishes the joint venture with Líder to work in Minas Gerais and in the Federal District.

In January, Cyrela makes the second public issuance of debentures, amounting to R$ 499.5 million, maturing in ten years.

  • Living Construtora becomes a company with a totally independent structure, having a head office of its own, and focused on the economic and super economic segments.

  • In June, Cyrela incorporates Goldztein Participações.

  • In September, Cyrela makes the third public issuance of simple debentures, amounting to R$ 350 million, maturing in up to five years.

  • In October, the Company makes its third followon public offering.

In September, the Company makes the fourth issuance of simple debentures, amounting to R$ 300 million to be matured in four years.