Trisul

What Trisul does

Trisul S.A. is a São Paulo-based residential real estate developer incorporated through a 2007 corporate reorganization that merged Incosul Incorporação e Construção Ltda. and Tricury Construções e Participações Ltda., two traditional development and construction firms with more than 35 years of operating history. Listed on the Novo Mercado of B3 under ticker TRIS3 since October 2007, Trisul has delivered more than 350 projects totaling over 60,000 residential units across approximately 3 million square meters of built area and currently operates exclusively within the city of São Paulo. Headquartered in the Moema district with 501–1000 employees, the company targets individual home-buyers rather than enterprise clients and offers units at off-plan, under-construction, and ready-to-occupy stages.

The commercial portfolio is organized across the ELEV economic segment (including Minha Casa Minha Vida subsidized housing for buyers earning up to roughly R$8,000/month) and the MAP mid-to-high standard segment spanning premium São Paulo neighborhoods such as Vila Mariana, Moema, Ibirapuera, Pinheiros, and Paraíso. Product sub-brands include The Collection (compact studios and 1–4 bedroom apartments of 25–60m²), The Rose Collection (3-bedroom units up to 348m² with duplex configurations), and Personalize Trisul (a customization program for finish selection). Distribution combines an in-house sales team (Trisul House), third-party broker partnerships (Trisul Parcerias), an online property portal, and financial-institution partnerships with Caixa Econômica Federal for FGTS-backed mortgage origination.

Trisul's core technology is a modular wall construction system (Sistema em paredes modulares) combined with standardized architectural, structural, hydraulic, and electrical project templates that improve productivity by up to 35% and support scalable, cost-efficient unit delivery. The company operates an online monitoring system tracking water, energy, and waste indicators on construction sites under the Programa de Sustentabilidade das Obras (PSO), holds Brazil's first Selo Procel Edificações Residenciais certification (Oscar Ibirapuera), AQUA Empreendedor AQUA certification from Fundação Vanzolini, ISO 9001, and PBQP-H Level A, and is homologated by Caixa Econômica Federal's Gerência de Crédito Imobiliário to access FGTS construction financing. In April 2023 Trisul secured R$60 million in green credit at reduced interest, evidencing access to ESG-linked debt pricing as a competitive financing channel.

Name

Trisul

Legal name

TRISUL S.A.

Website

https://trisul-sa.com.br

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Trisul is a São Paulo-focused residential real estate developer listed on B3's Novo Mercado (TRIS3) that builds and sells apartments across economic, MCMV-subsidized, and premium MAP segments using a modular construction methodology, having delivered over 350 projects and 60,000 units.

Ownership category

akta.pro rank

Headquarters

HQ city

Bela Vista

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Trisul generates revenue primarily from the sale of residential real estate units across various stages of development: off-plan (na planta), under construction (em construção), and ready-to-occupy (pronto para morar). Products include studios, apartments (1-4 bedrooms), duplex units, and commercial spaces across the economic (ELEV), mid-range (MAP), and Minha Casa Minha Vida (MCMV) segments.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Trisul is a São Paulo-based residential real estate developer that builds, markets, and sells apartments, studios, duplex units, and commercial spaces at various development stages (off-plan, under construction, and ready-to-occupy). The company operates under distinct price segments: ELEV (economic, including Minha Casa Minha Vida subsidized housing) and MAP (medium to high standard), plus premium sub-brands (The Collection, The Rose). It sells through an in-house brokerage (Trisul House), a third-party broker network (Trisul Parcerias), and an online portal, supported by Caixa Econômica Federal financing partnerships.

Product overview

Trisul is a Brazilian real estate developer offering residential apartments, studios, duplex units, and commercial spaces at various development stages (pre-construction, under construction, and ready to occupy). The company operates under distinct product segments: ELEV (economic segment for affordable housing including Minha Casa Minha Vida program units) and MAP (medium to high standard premium developments). Key product sub-brands include The Collection (compact studios and apartments with standardized amenities), The Rose (larger premium units), Terrare (Moema studios), and Auren Studios. The portfolio spans throughout São Paulo in neighborhoods including Vila Mariana, Moema, Vila Clementino, Pinheiros, Perdizes, Ipiranga, and others. The company sells through its proprietary Trisul House team, third-party partner network (Trisul Parcerias), and an online sales portal. A customization service called Personalize Trisul allows buyers to select finishes. The company has delivered over 350 projects totaling more than 60,000 units since its founding.

Differentiator

Problem solved

Functional benefit

Brands

• Trisul House: Own sales team with specialized brokers for customer service.
• Trisul Parcerias
• Programa de Sustentabilidade das Obras (PSO)
• AQUA Certification
• Sistema de Gerenciamento Online

Products and services

• ELEV (Elevação) Economic-segment residential developments by Trisul targeting entry-level and affordable housing buyers in São Paulo, including units adapted for the Minha Casa Minha Vida government-subsidized housing program. Targets families with limited budgets seeking well-located housing near transportation.
• MAP (Meio e Alto Padrão) Trisul's primary medium-to-high standard residential development segment, covering 1-4 bedroom apartments, studios, duplexes, and penthouses across premium São Paulo neighborhoods including Vila Mariana, Moema, Vila Madalena, Pinheiros, Ibirapuera, and Paraíso. Targets families and professionals seeking quality living with sustainability certifications and amenities.
• The Collection Trisul sub-brand offering studio and apartment units with standardized features including elevator access, parking spaces, and compact unit sizes (25-60m²), distributed across multiple São Paulo neighborhoods.
• The Rose / The Rose Collection Trisul's premium residential sub-brand targeting the Vila Mariana market, offering 3-bedroom units up to 348m² in standard and duplex configurations, typically deployed with dedicated enterprise field sales teams for higher-value transactions.
• Personalize Trisul Trisul's customization program that allows buyers to select apartment finishing options according to personal taste and style, with delivery guarantee and quality assurance from the builder and contractor/supplier management included.

Quantifiable outcome

• Modular construction system improves productivity by up to 35%
• +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

Feature5 records

Partnerships

One partnership is on record.

• Condominium Management CompaniesminorOthersPost-sale data sharing with the administrator of the condominium (administradora do condomínio) that will provide management and administration services for the development, as disclosed in the privacy policy.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• MRV Engenharia e Participações S.A. Largest low-income housing developer in Brazil and the broader Americas, with national footprint. Overlaps with Trisul's ELEV and MCMV segments but operates at significantly larger scale and wider geographic reach.
• Direcional Engenharia S.A. Brazilian residential developer focused on the Minha Casa Minha Vida economic segment with national operations. Comparable on MCMV economics and Caixa FGTS financing dynamics.

Direct peers

• Tecnisa S.A. São Paulo-based residential developer targeting mid/high-end urban apartments. Similar customer segments, geography, and product positioning as Trisul's MAP brand.
• EZTec Empreendimentos e Participações S.A. Premium São Paulo residential developer with similar focus on well-located upper-middle and high-end product. Comparable scale, customer base, and product positioning in the MAP segment.
• Gafisa S.A. Established Brazilian residential developer with significant São Paulo presence across multiple price tiers. Same product categories and distribution model as Trisul.
• Cyrela Brazil Realty S.A. One of Brazil's largest residential developers, with strong presence in São Paulo across mid/high-end segments. Comparable on premium urban residential product and sustainability positioning.
• Cury S.A. São Paulo-based residential developer with strong MCMV exposure. Trisul independent director Marcio Caruso serves on Cury's fiscal council, indicating close market overlap and shared governance ties.
• Helbor Empreendimentos S.A. Brazilian residential developer with focus on São Paulo metropolitan region across economic and mid/high-end segments. Comparable product mix and regional focus.
• Even Construtora e Incorporadora S.A. São Paulo-focused residential developer with overlapping mid/high-end and MCMV segments. Trisul's incoming CEO João Eduardo de Azevedo Silva was previously Co-CEO and COO at Even Construtora, making Even the closest operational and cultural comparable.

Others

• Caixa Econômica Federal: Government-owned bank that provides FGTS financing and mortgage products to Trisul buyers. Not a developer but a critical channel partner and ecosystem enabler for Brazilian homebuilders.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ritrisul
• YouTubeyoutube.com/user/trisulincorporadora
• Facebookfacebook.com/trisulSA
• LinkedInbr.linkedin.com/company/trisul-sa
• Instagraminstagram.com/trisul_sa

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Trisul