Altre enters the competition for the real estate market

The new business brand of the Votorantim group will have four business areas in the construction sector, one of them located in the United States.

10/13/2021

The Votorantim group's newest business aims big as well as the cement, zinc and aluminium mining and power generation are. Altre, a real estate development platform, which will operate in Brazil and abroad, has debuted with its first significant acquisition - almost R$ 1 billion - in the properties segment (property of properties for the rental market). The operation closed last month.

Another acquisition is already underway, the president of the new company, Sérgio Malacrida, told Valor, who will accumulate, for some time, the position of financial director of the group's holding company, Votorantim S.A. (VSA). Altre will focus on "pre-developing urban spaces and equipment, subdivisions, development and construction (via partnerships with companies in the sector), the management of real estate assets and investments in real estate assets and funds".

Source: Valor Econômico

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