Constructora Ingevec S.A. (Ingevec)

Description:

The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatically translated.

Ingevec is a leading company in the country in terms of housing construction. During the last 5 years we have built more than 10,000 homes, thus contributing to providing a housing solution to thousands of families.

In its 38-year history, Ingevec has contributed to the construction of both public and private buildings throughout the country, such as the Parque Arauco Boulevard, the Paseo Quilín Mall and the Gabriela Mistral and CorpArtes Cultural Centers, La Escuela of Engineering and the University of Chile, among others.

For its part, Inmobiliaria Ingevec, a direct subsidiary of the company, is in charge of the housing real estate area, where the development and management of housing projects is carried out directly or in association with other companies in the field.

The Investment and Rentals segment owns 40% of the hotel portfolio, which is operated by the international chain Accor, through its Ibis & Ibis Budget brands. Currently, the portfolio involves 12 hotels, of which 10 are in operation, 7 in Chile and 3 in Peru. This is added to the residential rental area, where together with Larraín Vial, a public fund of 70MMUSD of capital was formed to build 7 multifamily buildings.