What Inmobiliaria Manquehue does

Inmobiliaria Manquehue S.A. is a Chilean residential real estate developer founded in 1978 and publicly listed on the Bolsa de Santiago (ticker: MANQUEHUE) since a 2019 IPO that raised USD $70 million. The company designs, constructs, and sells houses, apartments, and townhouses across the Santiago Metropolitan Region (Colina, Las Condes, Providencia, Ñuñoa, Lo Barnechea, La Florida, Padre Hurtado, Puente Alto, Santiago Centro) and the VI Region. Its flagship master-planned community, Piedra Roja in Chicureo, is recognized as the largest urban development project in Chile and anchors the company's land bank.

The company's revenue is generated through one-time residential property sales (apartments priced from UF 2,575 to UF 32,000+ in inflation-adjusted Unidades de Fomento) and land parcel sales within master developments. Complementary revenue-adjacent services include mortgage coordination with banks (BCI, Scotiabank) and a structured post-sale warranty program covering structural, construction, and finishing defects over 3, 5, and 10-year horizons. Distribution runs through on-site sales offices at each project, an online quotation portal, 360° virtual tours, and dedicated buyer-accompaniment account executives.

The technology stack is conventional for residential development: third-party virtual-tour platforms (Matterport, Kuula, Luftimages), a customer web portal for post-sale service requests (Post Venta), a Trytoku-powered down-payment installment tool (Paga Tu Pie), and Banca.me mortgage pre-qualification integrations. No proprietary AI/ML capabilities, developer APIs, or mobile applications are documented. The 20+ active projects span affordable entry-level apartments in La Florida and Santiago Centro through premium gated communities in Piedra Roja and Hacienda Chicureo Golf Club, serving primarily middle-to-upper-middle-class Chilean families and real estate investors.

Name

Inmobiliaria Manquehue

Legal name

Inmobiliaria Manquehue S.A.

Website

https://imanquehue.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Inmobiliaria Manquehue S.A. is a publicly listed Chilean residential real estate developer (founded 1978, IPO 2019, MANQUEHUE on Bolsa de Santiago) that designs, builds, and sells houses, apartments, and townhouses across the Santiago Metropolitan Region, anchored by Piedra Roja — Chile's largest urban development.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential real estate development
• Property construction
• Home sales
• Urban neighborhood development
• Master-planned communities

Headquarters

HQ city

Vitacura

HQ country

Chile

HQ region

Latin America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Design, construction and sale of houses and apartments to individual buyers in the Santiago Metropolitan Region and VI Region. Revenue generated through direct property sales at various price points ranging from UF 2,575 to UF 31,990+ depending on property type and location.
2. Land Sales for Development: Sale of land parcels (paños) for residential and equipment development, primarily concentrated in Piedra Roja development area
3. Financial Services - Mortgage Coordination: Coordination with banks and financial institutions for mortgage services, providing mortgage pre-approval support and coordinating loan issuance with financial entities such as BCI and Scotiabank

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Inmobiliaria Manquehue designs, builds, and sells residential real estate — primarily houses, apartments, and townhouses — in master-planned neighborhoods across Chile's Santiago Metropolitan Region and VI Region. Beyond unit sales, the company sells developable land parcels (mainly within Piedra Roja) and provides supporting services including mortgage coordination, guided buyer accompaniment from quotation to key handover, and a post-sale warranty service (Post Venta).

Product overview

Inmobiliaria Manquehue operates a diversified portfolio of 20+ residential real estate projects across the Santiago Metropolitan Region and VI Region of Chile. The company develops three primary product types: apartments (departamentos), houses (casas), and townhouses (townhouses), organized under distinct project brands across multiple communes including Las Condes, Providencia, Nunoa, Santiago Centro, La Florida, Puente Alto, Padre Hurtado, Lo Barnechea, and Colina (including Piedra Roja). The flagship Piedra Roja development represents Chile's largest urban project. Beyond core development, Manquehue offers complementary services including after-sales support (Post Venta), buyer accompaniment (Acompanamiento Manquehue), down payment financing (Paga Tu Pie), and land acquisition (Vende Tu Terreno). The company also operates a corporate governance portal (iManquehue Corporativo) for investor relations as a publicly listed entity on the Santiago Stock Exchange.

Differentiator

Problem solved

Functional benefit

Products and services

• Riesco 7220 10-story apartment building in Las Condes with 45 units of 2-3 bedrooms (77-204 m2), featuring integrated living spaces, XL terraces, and pool. From UF 9,277.
• Los Litres House condominium in Colina Centro with 3-bedroom units (68-77 m2) in 1 and 2-story models, underground utilities, and proximity to commercial area. From UF 2,737.
• Terrapiedra Townhouse and Mediterranean-style house development in Piedra Roja with 2-3 bedroom units. Townhouses include 2 underground parking spaces plus storage. Common areas include Pump Track, 12,000 m2 park, and walking trails. From UF 8,179.
• Los Leones 1500 Mixed-use 12-story building in Providencia with 70 apartments plus offices and commercial spaces. 1-3 bedroom units (41-119 m2) with gym, pet area, BBQ, and coworking. From UF 4,124.
• Vicuña Mackenna 11508 Pet-friendly apartment building in La Florida with 1-3 bedroom units (34-106 m2) and immediate delivery. Amenities include gym, coworking, pool, and BBQ areas. From UF 2,575.
• Los Robles House development in Piedra Roja with Chilean-style 2-story homes, 3 bedrooms (140-164 m2), quartz countertop kitchen, electric car charging station, and radiator heating. From UF 11,809.
• Los Alerces 2222 11-story apartment building in Ñuñoa with 1-3 bedroom units (32-79 m2), panoramic lounge, BBQ area, coworking space, and e-commerce reception. From UF 3,953.
• Alto La Cruz Chilean-style house condominium in Padre Hurtado with 3-bedroom units (75-112 m2), underground utilities, green areas, and immediate/future delivery options. From UF 4,720.
• Estancia Liray House condominium in Colina Centro with 2-4 bedroom units (61-130 m2) and over 1,500 families already in residence. Both immediate and future delivery options available. From UF 3,824.
• Los Montes Private condominium in Piedra Roja with Chilean and Mediterranean-style houses, 3-bedroom units (107-140 m2), and over 9,000 m2 of green areas. Immediate and future delivery available. From UF 8,867.
• Mirador del Golf Exclusive development within Hacienda Chicureo Golf Club in Piedra Roja, offering 2-3 bedroom apartments (170-235 m2) and 4-bedroom houses (311 m2) with panoramic mountain views. From UF 16,680.
• Arturo Prat 1822 Apartment building in Santiago Centro with 1-3 bedroom units (33-70 m2), future delivery, BBQ area, gym, coworking, pool, and commercial gallery on ground floor.
• Víctor Rae 5673 Apartment building in Santiago with 2nd semester 2026 delivery and full amenities including pool, gym, and children's play area.
• Piedra Roja Development Master-planned community in Chicureo, Colina, developed by Manquehue. Recognized as Chile's largest urban development project, with extensive green areas, commercial facilities, and multiple residential sub-projects including Los Robles, Terrapiedra, Los Montes, and Mirador del Golf.
• Parque Nogales House development in Lo Barnechea created as a joint venture with Moller & Perez-Cotapos. Project began in 2016 with delivery scheduled for 1st semester 2029.
• Ciudad del Sol House development in Puente Alto consisting of multiple sub-projects (Aguas Claras, Manuel Montt 2630, Cumbres del Peñón), forming a consolidated neighborhood in southern Santiago.
• Acompañamiento Manquehue (Guided Buyer Process) End-to-end guided home-buying service covering quotation, reservation, purchase promise signing, mortgage coordination, deed execution, and key handover, with continuous support from a dedicated sales executive throughout the purchase process.
• Post Venta (After-Sales Service) After-sales service portal for property owners to submit service requests, schedule visits, and download maintenance manuals, including 3, 5, and 10-year warranty coverage for structural, construction, and finishing defects.
• Paga Tu Pie (Down Payment Installment Financing) Down payment financing tool powered by Toku, allowing buyers to pay the initial deposit for a property purchase in installments.
• Vende Tu Terreno (Land Acquisition Service) Land acquisition service through which property owners can offer their land to Manquehue for development, with a contact form for submission of property details.
• iManquehue Corporativo (Corporate Governance Portal) Corporate governance portal for the publicly listed entity, providing access to financial results, annual reports, corporate presentations, shareholder meetings, and stock information for MANQUEHUE on the Santiago Stock Exchange.
• Land Sales for Development (Paños) Sale of land parcels (paños) for residential and equipment development, primarily concentrated in the Piedra Roja development area.
• Mortgage Coordination Service Coordination with banks and financial institutions (BCI, Scotiabank) and Banca.me for mortgage pre-approval and loan issuance support for property buyers.

Quantifiable outcome

• Over 1,500 families already living in Estancia Liray development
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

One partnership is on record.

• Moller & Perez-CotaposminorStrategic or Co-development Partner · 1 January 2016Joint development partnership for Parque Nogales project in Lo Barnechea commune. This strategic alliance combined Manquehue's real estate development expertise with Moller & Perez-Cotapos' local knowledge and capabilities.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Vinte: Vinte is a Mexican homebuilder publicly listed on the Mexican Stock Exchange, focused on affordable and middle-income housing. Comparable in business model (design, construction, sale of homes) with a similar customer base, though operating in a different Latin American market.
• Constructora San José: Constructora San José is a Spanish construction company with significant Latin American operations, including residential development. Comparable as a broader construction and real estate developer serving Latin American markets, though not primarily focused on Chilean for-sale residential.

Direct peers

• Paz Corp: Paz Corp is a Chilean homebuilder publicly listed on the Santiago Stock Exchange with a similar product mix (residential houses and apartments) and customer base (middle to upper-middle class Chilean families). Direct competitor in the Santiago residential market with overlapping commune coverage.
• Inmobiliaria Icafal: Icafal is a Chilean construction and real estate company involved in residential development. Comparable in construction capabilities and for-sale residential activities to Manquehue, with overlapping customer segments in Santiago.
• Moller & Perez-Cotapos: Moller & Perez-Cotapos is a Chilean homebuilder with established presence in Santiago and additional presence in Lo Barnechea. Directly comparable to Manquehue in business model and additionally a joint-venture partner for the Parque Nogales project.
• Sallés: Sallés is a Chilean homebuilder focused on residential properties in Santiago, with a similar product mix (for-sale houses and apartments) and customer segment as Manquehue. Competes in similar mid-to-upper-middle price tiers.
• Brotec: Brotec is a Chilean construction company with real estate development activities. Comparable in construction and residential development capabilities to Manquehue.
• Empresas Socovesa: Empresas Socovesa is one of the largest Chilean homebuilders, listed on the Santiago Stock Exchange. Directly comparable to Manquehue in business model (design, construction, and sale of for-sale residential homes) and geographic focus on the Santiago Metropolitan Region.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/inmobiliaria-manquehue

Revenue estimate

Valuation estimate

Number of profiles

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 Manquehue