What Inmobiliaria Dhelos does

Inmobiliaria Dhelos is a privately held Chilean real estate developer headquartered in Viña del Mar with over 35 years of activity in the Valparaíso Region (Quinta Región). The company operates as the core entity of Grupo Dhelos alongside construction arm Constructora Inpromec S.A., in-house brokerage Kaufen Propiedades Limitada, and rental-investment vehicle Rentas Dhelos SpA (established September 2020, UF 46,300 capital, Deloitte-audited). Across its history, Dhelos has delivered more than 15 projects totaling over 143,000 m² of built area, with cumulative investment approaching US$176 million.

The product portfolio spans four layers: (i) Class A+ office buildings within the Reitz business ecosystem (Reitz I, II, III and Espacio Errázuriz) in El Salto, Viña del Mar, with Low-E double-glazed windows, domotic (home automation) features, and shared amenities; (ii) residential apartment buildings in Viña del Mar, Concón and Villa Alemana — including Edificio O2, Edificio Laderas, Edificio Laderas II and San Enrique II; (iii) land developments at Reserva Las Añañucas in Limache (48 ecological 5,000 m² lots across 34 hectares with native forest preservation); and (iv) lifestyle and recurring-revenue products — Villas Toscanas daily-rental, Fracciones fractional ownership (1/8 to 1/2 villa shares at UF 7/month), Cowork V21 (1,000+ m² collaborative workspace), and Rentas Dhelos SpA shares targeting UF+3% annual returns via quarterly distributions.

Go-to-market is direct-to-consumer and field-sales hybrid: dedicated sales offices (salas de ventas) at each project with model apartments, supplemented by WhatsApp Business, email, and a digital quotation system for office buyers. Reitz ecosystem tenants include ProChile, Superintendencia de Educación, Nestlé, Sodexo, Banco Itaú, E-Mining Technology, and ASIVA. The District of Innovation V21 — Chile's first innovation district — covers 200 hectares in El Salto and formalizes ties with five regional universities plus ecosystem partners including Draper Startup House, Quintil Valley, and Mountain Partners, anchoring Dhelos's positioning as a regional district-scale developer rather than a stand-alone building operator.

Name

Inmobiliaria Dhelos

Legal name

Inmobiliaria Dhelos

Website

https://dhelos.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Inmobiliaria Dhelos is a privately held Chilean real estate developer based in Viña del Mar, part of Grupo Dhelos, that develops and sells Class A+ office towers (Reitz ecosystem), residential apartments, ecological land parcels, fractional-ownership villas, and a rental-investment vehicle across the Valparaíso Region, anchored by Chile's first innovation district, Distrito de Innovación V21.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Residential Property Managers (531311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Residential real estate development
• Commercial office buildings
• Property sales brokerage
• Ecological land development
• Real estate investment vehicles

Headquarters

HQ city

Viña Del Mar

HQ country

Chile

HQ region

Latin America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Property Sales - Residential: Sale of residential apartments and houses across multiple projects in Viña del Mar, Concón, Villa Alemana, and Limache. Properties priced in UF with typical down payment financing structures. Revenue recognized upon property transfer.
2. Property Sales - Commercial/Office: Sale of office spaces in commercial buildings (Reitz I, II, III, Espacio Errázuriz). Offices sold as fully enabled units with pricing in UF plus VAT.
3. Rentas Dhelos SpA - Rental Income: Real estate investment vehicle established September 2020. The company acquires properties (primarily from Grupo Dhelos developments) for commercial and residential rental income. Capital subscribed: UF 46,300 distributed in 20,000 shares. Quarterly dividend distributions expected with UF+3% annual profitability target.
4. Fractional Ownership - Villas Toscanas: Fractional property ownership model where buyers acquire 1/8 to 1/2 of a villa, providing 6 weeks per year of usage. Monthly fee of UF 7 covers administration, common expenses, and services. The company manages and sublets unused weeks.
5. Land Parcel Sales: Sale of ecological land parcels at Reserva Las Añañucas in Limache. 48 exclusive ecological lots of 5,000 m² starting from UF 3,570. Includes native forest preservation and sustainable landscaping.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Inmobiliaria Dhelos develops, sells, and manages real estate assets across the Valparaíso Region of Chile, including residential apartment buildings, commercial office buildings within the Reitz business ecosystem, ecological land parcels, fractional vacation villa ownership, a coworking space (Cowork V21), and a real estate rental investment vehicle (Rentas Dhelos SpA). The company operates a vertically integrated model spanning development, construction (via Constructora Inpromec), brokerage (via Kaufen Propiedades), and property/rental management.

Product overview

Inmobiliaria Dhelos is a Chilean real estate company with over 35 years of experience developing residential and commercial projects in the Valparaíso Region. The company operates a portfolio of real estate products organized into four main categories: (1) Office buildings (Reitz I, II, III and Espacio Errázuriz) within the Ecosistema Empresarial Reitz in El Salto, Viña del Mar; (2) Residential apartment buildings (Edificio O2, Edificio Laderas, Edificio Laderas II, San Enrique II) across Viña del Mar, Concón, and Villa Alemana; (3) Land developments (Reserva Las Añañucas ecological parcels); and (4) Hospitality/lifestyle products (Villas Toscanas, Fracciones fractional ownership, Cowork V21, Rentas Dhelos investment vehicle). The ecosystem is anchored by the Distrito de Innovación V21, Chile's first innovation district, which creates synergies between office tenants, startups, universities, and community. The company also offers property rental management through Rentas Dhelos SpA.

Differentiator

Problem solved

Functional benefit

Brands

• Rentas Dhelos SpA: Investment vehicle for rental properties launched September 2020 with capital of UF 46,300, audited by Deloitte, focused on commercial and residential rental properties from Grupo Dhelos projects
• Villas Toscanas
• Distrito de Innovación V21
• Cowork V21
• Ecosistema Empresarial Reitz

Products and services

• Reitz III Office building project in El Salto, Viña del Mar featuring enabled offices from 22 m² to over 670 m² per floor with A+ architecture, floor-to-ceiling glass facades, double-glazed Low-E windows, climate control, LED lighting, CCTV security, natural ventilation, and 24-hour control. Pricing starts from UF 1,780 + VAT.
• Edificio O2 Mixed-use building in Viña del Mar integrating commercial space, offices from 17.7 m², and 1-3 bedroom apartments. Features triple-height lobby, laundry, delivery corner, bicycle room, panoramic barbecues, perimeter security, recycling point, and offices with LOW-E DVH windows and high-efficiency lighting.
• Edificio Laderas Residential building in Pinares de Montemar, Concón featuring 4-bedroom apartments from 216 to 280 m² total area, with 4-5 bathrooms, integrated kitchens with islands, large terraces with independent barbecue installations, and 2 apartments per floor. Delivery 2025, starting from UF 19,261.
• Edificio Laderas II Residential building in Concón with 2 and 3-bedroom apartments from 95.82 m². Features controlled access, perimeter security, smart home installations, thermopanel windows with PVC profiles, crystal railings, and spacious terraces. Immediate delivery from UF 7,327.
• San Enrique II Residential building in Villa Alemana with 2-3 bedroom apartments from 51.8 m² to 56.9 m² total area. Common areas include barbecue, pool, children's play area, storage, and parking. Currently priced from UF 2,725 with 10% discount available, with up to 6 installment payments.
• Reserva Las Añañucas Ecological parcels project in Limache spanning 34 hectares with 6 hectares of native forest. Offers 48 exclusive ecological lots of 5,000 m² with dirt roads, native vegetation conservation, artificial lagoon, trails, wetland, and stables. Parcels starting from UF 3,570.
• Villas Toscanas Tuscan-inspired private 2 and 3-bedroom villas for daily rental in Reserva Las Añañucas, Limache. High design standards, unique nature views, and cozy decor. Located 45 minutes from Viña del Mar.
• Reitz II Office building in El Salto, Viña del Mar offering enabled offices from 23 m² to 43 m². A+ standard building with Low-E DHV double glass, 70% operational savings with 30% direct energy savings, magnetic card access, automated doors, and natural ventilation. Starting from UF 1,913 + VAT.
• Rentas Dhelos Real estate investment vehicle (SpA) established September 2020 offering debt-free investment in Chilean real estate for rental income, primarily in Grupo Dhelos projects. Capital subscribed: UF 46,300 in 20,000 shares at UF 10 per share. Quarterly dividend distributions expected with UF+3% annual profitability target. Audited by Deloitte Chile.
• Fracciones (Fractional Ownership) Fractional ownership product allowing purchase of 1/8 to 1/2 of villas in Villas Toscanas. Each fraction provides 6 weeks per year (1 summer, 1 holiday, 4 normal season) with annual rotation. Includes 24/7 security, recreational facilities (pádel, tennis, football), trekking trails, and restaurant access. Monthly cost: UF 7 including administration and services.

Quantifiable outcome

• Distrito de Innovación V21 aims to attract and retain talent in the Valparaíso region, with 200 hectares of master-planned innovation district
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Corporación Barrio Industrial El SaltocoreStrategic or Co-development Partner · 12 August 2022Dhelos is a founding member of the Corporation for the Advancement of the El Salto Industrial District. Fernando Reitz Aguirre serves as President. The corporation promotes innovation, entrepreneurship, and connectivity improvements in the industrial zone where Dhelos has developed its Reitz business complex.
• Draper Startup HousecoreStrategic or Co-development Partner · 12 August 2022Strategic alliance announced at Cowork V21 launch for startup support and entrepreneurship ecosystem development within the innovation district.
• Quintil ValleycoreStrategic or Co-development Partner · 12 August 2022Regional startup ecosystem partner in the Cowork V21 alliance for entrepreneurship support and innovation development.
• Mountain PartnerscoreStrategic or Co-development Partner · 12 August 2022International investment network partner in Cowork V21 alliance, bringing global connections to the local innovation ecosystem.
• Ramek InteriorismocoreTechnology or Integration · 12 August 2022Interior design firm supplied innovative furniture and seating for Cowork V21 collaborative workspace. Showroom located in Reitz II building. Event launch held at Ramek showroom with 70+ attendees.
• Universidad de Viña del MarcoreStrategic or Co-development Partner · 28 April 2022University signed letter of intent to join the CIN-V21 Network as part of Distrito de Innovación V21, incorporating education into the innovation ecosystem.
• Pontificia Universidad Católica de ValparaísocoreStrategic or Co-development Partner · 28 April 2022University signed letter of intent to join the CIN-V21 Network for interaction between academia and business in the innovation district.
• Universidad Federico Santa MaríacoreStrategic or Co-development Partner · 28 April 2022Technical university signed letter of intention to participate in CIN-V21 Network, bringing engineering and technical expertise to the innovation ecosystem.
• Universidad de ValparaísocoreStrategic or Co-development Partner · 28 April 2022University signed letter of intention to join CIN-V21 Network, contributing social sciences and humanities perspective to the innovation district.
• Universidad Adolfo IbáñezcoreStrategic or Co-development Partner · 28 April 2022University signed partnership agreement with Distrito de Innovación V21, reinforcing links between academia and private sector within the ecosystem.
• Cámara Regional del Comercio de Valparaíso (CRCP)coreStrategic or Co-development PartnerActive participation in CRCP events including annual business encounters. Dhelos maintains prominent presence at regional commerce chamber activities, contributing to business community development.
• Constructora Inpromec S.A.coreStrategic or Co-development PartnerConstruction company part of Grupo Dhelos, responsible for building construction across the real estate portfolio. Long-term partnership ensuring quality construction and project execution.
• Kaufen PropiedadescoreChannel Partner/ Reseller/ DistributorReal estate brokerage company forming part of Grupo Dhelos. Handles sales across all Dhelos projects with dedicated sales offices at project sites and standalone office at 4 Norte 220, Viña del Mar.
• Luis Alonso (Architect)coreStrategic or Co-development PartnerSpanish architect and gestor of Barcelona's @22 innovation district, engaged as master planner for Distrito de Innovación V21, bringing international best practices in urban innovation district development.
• Verónica Poblete (Landscape Architect)minorStrategic or Co-development PartnerLandscape architect and botanist who designed the autosustainable landscaping concept for Reserva Las Añañucas, preserving native vegetation including peumos, espinos, and algarrobos in harmony with Mediterranean climate.
• Deloitte ChilecoreOthersRentas Dhelos SpA is audited by Deloitte Chile, providing independent financial oversight and credibility to the investment vehicle.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• SalfaCorp: Largest Chilean construction and real estate conglomerate, with businesses across development (Inmobilaria Geosal, Novatec), construction, and engineering. Comparable as a Chilean integrated real estate group, though at much larger scale and broader market coverage than Dhelos.
• Echeverría Izquierdo: Chilean engineering, construction, and real estate group with industrial and commercial development exposure. Comparable to Dhelos in Chilean real estate development, though EI is primarily construction-led and operates at a larger national scale.
• Besalco: Chilean diversified conglomerate with construction, real estate development, and concessions businesses. Comparable to Dhelos in the construction and real estate segments, though Besalco operates as a much larger and more diversified group.

Regional players

• Aconcagua Inmobiliaria: Chilean real estate developer historically active in the Valparaíso Region. Comparable to Dhelos as a regional Chilean developer with overlapping geographic footprint and similar mid-to-premium residential positioning.

Direct peers

• Paz Corp: Chilean premium mixed-use and residential developer (Moller y Pérez Cotapos heritage). Comparable to Dhelos in the premium Chilean mixed-use segment with similar focus on high-end finishes, central locations, and integrated commercial/residential projects.
• Socovesa: One of Chile's largest homebuilders, operating through subsidiaries (DS, Almagro, Pilares) across the country. Comparable as a Chilean residential developer with diversified product lines, but serving a broader geography than Dhelos's Valparaíso-only focus.
• Inmobiliaria Manquehue: Chilean premium residential and mixed-use developer with projects across Santiago and resort areas. Comparable to Dhelos as a Chilean property developer pursuing premium positioning and integrated community concepts, though at a much larger national scale.
• Cimenta: Chilean residential developer focused on the middle-income segment. Comparable to Dhelos in the Chilean residential for-sale market, though Cimenta targets a different income tier and serves multiple regions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCCHy8gPSDtGV9BeY8ZEZqLg
• Facebookfacebook.com/dhelos
• LinkedInlinkedin.com/company/inmobiliaria-dhelos
• Instagraminstagram.com/inmobiliariadhelos

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inmobiliaria Dhelos