The FVI was founded by Luis Emilio Velutini in 1992 in Caracas, Venezuela. The following year he was enrolled in the Caracas Stock Exchange (BVC).
Between 1996 and 1997, the FVI is associated with IRSA - Argentine real estate group - and with the well-known investor George Soros, the shares are registered in the ADR Level I program, NYSE.
That same year, the company made a successful IPO for US $ 100MM and began an ambitious process of acquiring AAA offices in the capital of Venezuela, Caracas, to rent to large corporations. It is positioned as the third most liquid share in the BVC and its first public issuance of Commercial Paper with a risk rating of A3 is made.
For the year 2000, Equity International Properties (EIP), led by North American investor Samuel Zell, founder of Equity Office Properties (EOP) and Equity Residential Properties (ERP), two of the largest real estate companies in the world, joins as a partner strategic to the FVI.
High End Shopping centers
In 2003, the FVI entered the business of "High End" Shopping Centers on the basis of the success obtained in the operation of the San Ignacio Center (more than 40,000 m² commercialized), developing the Tolón Fashion Mall in the urbanization Las Mercedes (22,300 m²), and Paseo El Hatillo La Lagunita (22,000 m²), both in Caracas, Venezuela.
For the year 2009, through a strategic alliance with Constructora Sambil, the Galipán Project was developed, a 48,000 m² office complex located on Av. Fco. De Miranda in Caracas, Venezuela. The complex was sold to Banco del Caribe, Banesco Insurance and Other Investors. This same year, the FVI builds the El Hatillo Paseo Office Tower, a 6,000 m² building, also in the Venezuelan capital.
Blue Mall Santo Domingo
For the year 2010, with the inauguration of Blue Mall Santo Domingo, a multipurpose complex that includes commerce, offices and a Hotel operated by JW Marriot, the process of internationalization of the company begins.
20 years of the FVI
Looking to the future
In 2012, the FVI began an ambitious growth plan in the main cities of the interior of Venezuela. This is how it acquires the Ciudad Comercial Llano Mall, in the city of Acarigua, Portuguesa State, Venezuela. In this way, it adds 34,000 tradable m² to its portfolio. Beyond the Venezuelan borders, the FVI plans to acquire and develop new shopping centers.
Hotel JW Marriot Santo Domingo y Torre de Oficinas Blue Mall
FVI CONSOLIDATES ITS BUSINESS MODEL IN THE CARIBBEAN | Fondo de Valores Inmobiliarios and JW Marriott Internacional join efforts in favor of the economic development of the region with the inauguration of the first hotel of the brand in the Caribbean.
Strategic Plan 2018 - 2024
Horacio Velutini, Executive President of FVI SACA, presents his Strategic Directional Plan 2018-2024, which includes three specific growth areas. The first one is INVACA Inmuebles, Valores y Capitals SACA for the sector of shopping centers and related. This company will start to float its shares as of Friday, April 27. The second, FVI Offices, where the office and parking business is concentrated and the third, FVI Finance C.A. which works in relation to own corporate finances - both ours and third parties-, including fixed and variable revenue