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Construction Company Tenda Invested in New Civil Construction Projects in São Paulo, and the Chosen Location to Host the First Office Will Be Campinas
The Construction Company Tenda allocated R$ 28 million in investments for the implementation of a civil construction project aimed at cities in the interior of São Paulo. Campinas was selected to host the company’s first office in a metropolitan area outside of a capital.
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The Construction Company Tenda already operates in nine capitals and has delivered more than 120,000 housing units. In addition to this investment, Construction Company Tenda also plans to invest up to R$100 million annually over the next four years as part of its strategic planning.
The resources to be invested also include a house factory in Jaguariúna, which is expected to start operations in the second half of 2021 and will drive Tenda’s plan to expand its business into the interior of São Paulo.
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Words from Construction Company Tenda
According to Tenda’s Director of Business and Operations, Marcelo Melo, the choice of Campinas for the office investments was strategic. “We understand that we are in a business that requires innovative and disruptive solutions. We believe that Campinas, being the main industrial and technology hub in the country, along with having excellent universities, greatly contributes to this development. Being in this core is very relevant for us,” he justifies.
He emphasizes that another very important point for this choice is that now the company will accelerate the purchase of land in the interior of the state. “Being based in Campinas facilitates our access and approach to key partners in the search for areas in different cities. Our factory will have the capacity to produce 10,000 units per year, so we will need to acquire a volume of land that allows us to operate in different cities, developing, legalizing, launching, and also assembling 10,000 units per year,” he explains.
Civil Construction Is Expected to Grow in 2021
Due to the pandemic of the new coronavirus, civil construction in the country experienced ups and downs in 2020 and concluded the period with very low data. However, this year the projection for civil construction is a growth of 4% in the assessment of the Brazilian Chamber of Industry of Construction (CBIC).
According to economist Fernando Garcia, founder of the School of Economics at the Getúlio Vargas Foundation in São Paulo, the civil construction sector suffered two controversial effects in 2020: a positive trend and then the pandemic, both of which impacted the entire economy.
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