Real Estate Development
In 1974, IMOBEL S.A. — Urbanizadora e Construtora was founded as a full subsidiary of ATSA. Its activities were focused in the market of civil construction, for its own or for third parties projects and also in buying, selling and incorporating real estates. In 1984, when ATSA went public, IMOBEL was split out and all those activities remained suspended since then.
The Housing Development Division was retaken in 2008, with the creation of the Azevedo & Travassos Desenvolvimento Imobiliário Projeto I Ltda (ATDI-I) and the launching of the Quinta do Bosque Project in the second semester of 2010. This project is estimated to be concluded in December/2011.
The Company owns more then 155.000 square meters of land in the city of São Paulo, where it intends to develop new projects.