Corporate Thá

2009 – A year to go down in history

Thá, the oldest construction company and property developer in Brazil, has always held itself strong, even when facing decades of political revolutions, economic crises and scenarios of financial instability. Today, the company has established itself as a leader in real estate development in the south of Brazil. Much of this recognition is due to the company’s 115 years of tradition, with solid standards and security, and to the quest for success in 2009, year in wich the group had an outstanding balance, represented by the overall volume of sales that reached R$ 708 million an the increase of 50% in it’s net operating revenue. In 2009 Brazil experienced a continuous growth in the level of investments in productive sectors, especially in the construction sector. A big part of this change in the country’s economic scenario is due to the increase in the purchasing power for the middle class, wich boosted the opportunities for expansion for the housing market, projecting an even greater evolution for the sector.

During this privileged environment for the Brazilian economy, Rivara Participations S.A took over the business activities of its two Thá Group companies: Irtha Real Estate Ventures S.A and Irtha Engineering S.A, operating companies dedicated to real estate development and engineering and construction services, which constitute the main business units for the Thá Group.

Taking advantage of this moment, Rivara, aligned with all of Thá’s experience, managed to lever their business development to levels that will go down in the company’s history.

Sandro Westphal
C.E O

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