Jose Auriemo Neto Facilitates JHSF’s Acquisition Of Fasano Restaurants

Brazil’s JHSF is set to become a household name in the South American nation after its purchase of 13 Fasano restaurants. The real estate company will now have the right to the Fasano luxury brand name. Previously, the hotels were managed by Grupo Fasano, a Sao Paulo-based firm.

The acquisition is worth over $23.8 million dollars. JHSF communicated to Fasano management about their intended purchase of the company. To this end, Fasano presented their shareholders with the proposal from JHSF. The stakeholders agreed to the proposed sell of the entity. This is because JHSF had offered a lucrative offer. According to official data, the offer was worth over five times the restaurant’s earnings before taxes, interest, amortization, and depreciation. The acquisition was spearheaded by Jose Auriemo Neto, JHSF’s president.
Previously, Rogerio Fasano controlled the Fasano group of hotels and restaurants. The Sao Paulo-based businessman comes from an Italian-immigrant family that has run the restaurants for over a century in the city. In addition, the Fasano Group owns resorts in Sao Paulo and Rio De Janeiro. The conglomerate has made significant investments in Brazil and Uruguay.

This acquisition is set to improve JHSF’s portfolio of luxury properties. The leader in the real estate sector of high income in Brazil also owns other properties such as luxury apartments, commercial premises, shopping centers, and an international private airport.

One of the high-end properties developed by JHSF is the Cidade Jardim Shops in the Jardins area. In addition, Shopping Metro Tucuruvi, made a significant impact on the lives of the people. The shopping mall’s success of real estate business was based on its fantastic integration with subway and bus terminals located nearby. Shopping Metro Tucuruvi was built using the expertise gained from Shopping Metro Santa Cruz, which was constructed by JHSF in 2001.

About Jose Auriemo Neto:

Jose Auriemo Neto is a Brazilian entrepreneur and executive leader. The visionary businessman is the chairman and CEO of JHSF Participacoes SA, a luxury real estate developer. The father of two first joined the company in 1993. His presence in the company saw the establishment of the group’s services department.

Jose Auriemo Neto is credited for developing Shopping Santa Cruz. He enabled JHSF to venture into retail business by signing a partnership agreement with Jimmy Choo, Pucci and Hermes. Previously, Neto worked for B Store. He is a graduate of Fundacao Armando Alvares Penteado (FAAP) University.

Projects Underway in New York City

New York City is considered as one of the most comfortable places to live in the States. This is as a result of the beautiful architectural buildings and numerous job opportunities. However, architects seem not to get enough of the existing buildings. Due to this, many projects have been put in place to get as many upcoming real estate projects as possible.

On top of the list of the many upcoming projects is the million square foot project, Tishman Speyer. Tishman Speyer is expected to harbor two towers within its structure. This is closely followed by Thor Equities. In particular, the name Thor was used to signify might. The estate is found near the Red Hook’s waterfront and is expected to cover 645,103 square foot. Some of the other estates are as follows:-

1. Flushing Avenue, Brooklyn
The aim of developing this estate is to bring new urban residential houses which will harbor both economical buildings such as supermarkets and residential places. It is estimated that 74,000 new houses will be constructed. In addition, there are plans to develop three tail buildings within the estate.

2. Chapel Street, Brooklyn
This estate is estimated to hold tall rental buildings 180 units on every flow except the first and second. In addition, it is estimated to also hold over 1800 places where retail shops can be set up. Considerably, the CetraRuddy is considered one of the spectacular buildings to be constructed in that estate.

3. West 18th Street Manhattan
In the same manner the East 48th Midtown street estate has been constructed is the upcoming West 18th Street Manhattan estate. However, there are plans to build a building which has 160 units with unique parking lots. The building is set to rise up to 122,955 feet.

Town Residential Dynamics
Many factors are involved before setting up any tow residential estate. Due to the fact that there are many job opportunities in the urban areas, it has caused many town residential estates to be set up. However, they are located within the city meaning it is easier for burglars to break in. Therefore, it is always important to ensure security is primary.

This is why Town Residential LLC comes into play. Town residential LLC is a reputable licensed NYC real estate broker that partners with various brokers to ensure you get the best town residential estate that has ample security, is affordable and has ample parking space. Next time you are thinking of moving out, think Town Residential LLC.