DEVELOPS REAL ESTATE PRODUCTS, INCLUDING HOUSING, OFFICES, COMMERCIAL PROPERTIES AND INDUSTRIAL LOTS IN EVERY MARKET SEGMENT, OFFERING FIRST-CLASS ARCHITECTURE THAT CONTRIBUTES TO ITS CLIENTS WELFARE. WE GROW BASED ON RESPONSIBLE MANAGEMENT AND WE SHARE OUR KNOWLEDGE AND EXPERIENCE SO THAT THE SOCIETY MAY ALSO GROW
ANNUAL REAL ESTATE Sunset at El Rancho, Lima, Peru. 61 >> As in the preceding year, sales were slow in, as the situation of the Peruvian real estate market did not vary. At the end of 2013, mortgage loan conditions from banking entities changed, which substantially reduced housing sales in 2014. This was because many people did not qualify for a loan. This situation continued to affect sales in the sector during. However, despite this context, and thanks to the business strategies implemented by the area, it has been a positive year for the Group s real estate business. The year ended with 943 apartments sold, which was 47% improvement over the preceding year. One of the strategies followed, for example, was becoming involved for the first time in the sale of apartments in the Techo Propio program. This business decision has helped to position Viva GyM in an important market segment and, at the same time, has helped more families buy a home with the comforts we provide. It is worth mentioning that social housing represented 92% of the total units sold by the area.
ANNUAL REAL ESTATE In figures, the year ended on a positive note, with net profit of US$ 8.8 MM and a backlog of US$ 111 MM. On the other hand, it should be noted that for the fifth year in a row, we received recognition from Great Place to Work, placing 4th this time in the Companies with 30 to 250 Employees category. This was 2 positions higher than in the preceding year and 5 positions higher than the first time we were honored with this distinction. It is a recognition that makes us feel very proud. 62 >> Klimt real estate project, Lima, Peru Lastly, it should be noted that starting in, Viva GyM holds the vice presidency of the Asociación de Desarrolladores Inmobiliarios (ADI / Real Estate Developers Association), through which we are working hard on coordination with the State to improve housing policies. 100% projects delivered before deadline
ANNUAL VIVA GyM OFFICES In October, the Rivera Navarrete Project was completed. To date, Viva GyM has sold a total of 4,550 m2 of office space, which represents 85% of the total. The project is located in the businessoriented part of San Isidro. The Panorama Plaza Negocios project, located in Camacho, had been executed 95% as of December. Although the due date for the project is in March 2016, we have already handed over 5,824 m2 out of a total of 7,910 m2 of office space sold. In addition, there is a shopping center with 20 stores on the first floor. In October, work began on the construction of the Real 2 building located in the Centro Empresarial (Business Center) in San Isidro. By the end of, 95% of the offices corresponding to Viva GyM had been sold. The project, which is coowned, is scheduled to be completed in 2017. It is worth mentioning that this building was designed by the well-known French architect, Jean Nouvel. With regard to the Cuartel San Martín Project, work has been done during with Lima City Hall to obtain approval on the Traffic Impact Study. By the end of the year, most of the documents requested had been reviewed by the entity. El Rancho real estate project, Lima, Peru. Therefore, the study is expected to be approved during the first quarter of 2016. Once we reach this milestone, the design will be coordinated with Miraflores City Hall, as the land is in that district, in order to begin the process of obtaining approval on the preliminary and final plans. 63 >> TRADITIONAL HOUSING In March, construction began on the Klimt project, located on the 5th block of Pezet Avenue in San Isidro. By the end of the year, 14 apartments had been sold, representing 44% of the total. The building will have 32 apartments, ranging in size from 280 m2 to 660 m2. An important feature of the building will be the landscaping in the common areas.
ANNUAL 10,005 m 2 2,762 m 2 51,873 m 2 OF OFFICE SPACE SOLD OF TRADITIONAL HOUSING SPACE SOLD OF SOCIAL HOUSING SPACE SOLD Parques de El Agustino, Lima, Peru. Another very important project is Nuevo Rancho in Miraflores, which will be built on an approximately 15 thousand m2 lot. Work began in November and it will have flats, duplexes and triplexes. By the end of, 72 housing units had been sold, accounting for 62% of the total. It will feature a miniature golf course, a squash court, an enclosed heated pool, and an approximately 3,000 m2 park. LOW INCOME HOUSING A piece of land was purchased in Ancón, located at kilometer 40 of the North Pan-American Highway, for which a contract was awarded in 2014. Plans are to build a megaproject within the next 10 years on this piece of land, which is about 100 hectares in size. Approximately 13 thousand housing units are to be built, with approximately 180 thousand m2 of public parks with urban facilities, in addition to private parks in the condominiums, among other benefits. This project will be one of the most emblematic low income housing projects developed by Viva GyM. Another project that deserves mention is Parques de Comas, on which work resumed in late 2014. By the end of the year, 521 50-square meter Techo Propio apartments, 118 72-square meter Club Residencial apartments, and 63 60-square meter Villas apartments had been sold. Of these, 321 Techo Propio apartments and 80 Club Residencial apartments have been handed over to the buyers. In total, approximately 11 thousand housing units will be built, and it was the most widely sold project during. 64 >> San Martín de Porres was another project that had a very good level of sales. Of the 1,016 apartments built, more than 775 have been sold, 121 of which were sold in. The apartments range in size from 59 m2 to 63 m2.
ANNUAL ALMONTE The company has an 800-hectare piece of land in Lurín. By the end of 2014, the land was zoned for industrial use, and during, approval was obtained on the comprehensive plan, making it possible to begin the urban development process. This makes us the only real estate company with zoning and a comprehensive plan approved in the area. Two lots one measuring approximately 50 thousand m2 and the other around 25 thousand m2 have been sold to different companies. 65 >>