Brazil’s Votorantim launches property arm as part of post-Covid rebound strategy

Altre, as the newly-launched firm is called, is being seeded with Votorantim-owned industrial land, but is looking for new assets, including the development of office buildings.

RIO DE JANEIRO, BRAZIL - Votorantim SA, one of Brazil’s biggest diversified holding companies, is launching a real estate arm, its chief executive said in an interview on Thursday, April 8, betting on further growth in demand for housing and a revamped office market.

Altre, as the newly-launched firm is called, is initially being seeded with unused Votorantim-owned industrial land, but CEO João Schmidt said it is looking for new assets, including the development of office buildings.

“After the pandemic, companies will change the way people work, with more room for remote work, but employees will still . . .

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