Grupo GICSA is synonymous with vision and innovation and they became the disruptors of retail and experiences in Mexico, in addition to developing real estate projects, icons of the cities where they are located.
Before creating Grupo GICSA and entering the real estate market, Elías Abraham and Jacobo Cababie had an entrepreneurial journey.
They entered the family textile industry at a very young age, then entered the international haute couture market and later participated in the food industry. During this journey, they identified the potential and business opportunities in the real estate industry. This is how GICSA was created in 1991.
After 31 years of experience, they have developed 72 projects with a Gross Leasable Area of more than 300 hectares. Their shopping centers register more than 100 million visitors that grow every year, except in the pandemic period for the reasons we already know.
Grupo GICSA is one of the leading large-scale developers in Mexico, successfully managing the entire real estate value chain, from opportunity identification, land acquisition, project design and development, construction and marketing, to the presentation of specialized value-added services to maintain and increase the value of the properties.
Based on its history of more than three decades and the projects it has executed, it is defined as a leading company in the development, investment, marketing and operation of shopping centers, corporate offices and mixed-use facilities, which are recognized for their high quality standards, transforming and creating new spaces for development, life and employment in Mexico, according to its historical trajectory and the projects it has executed. It is also a major participant in the residential market in Mexico.
Among its history there are several projects that have become icons of the cities, including La Isla Cancun, Paseo Arcos Bosques, Paseo Interlomas and Torre Esmeralda.
In 2015 they made the decision to take the company public and went public on the Mexican Stock Exchange (BMV) in June.
GICSA informed the BMV that, as of March 31, 2022, it owns 18 income-generating properties, consisting of eleven shopping centers, five mixed-use properties (which include five shopping centers, five corporate offices and one hotel) and two corporate office buildings, with a total Gross Leasable Area (GLA) of 98 ha and a Proportional GLA of 84 ha.
Today, as part of its leadership in the industry, it introduced a new level of development in Mexico with the creation of MALLTERTAINMENT, combining and integrating retail, entertainment, community and leisure, something never seen before.
GICSA is a benchmark in the residential market, highlighting its presence in the beach market and premium concepts. It has built more than 10 residential projects with a GLA of 43.60 ha in the most important cities in the country, such as Mexico City, Acapulco, Cancun and Los Cabos, taking part in the most important tourist destinations in the country.
All projects are distinguished by their first class amenities and finishes:
- Residencial Lomas I, Mexico City
- Puerta del Sol, Cabo San Lucas, Baja California
- Maralago Cancun, Cancun, Quintana Roo
- Residencial Lomas II, Mexico City
- Maralago Acapulco, Acapulco, Guerrero
- Las Olas Cancun, Cancun, Quintana Roo
- City Santa Fe, Mexico City
- La Isla Acapulco, Acapulco, Guerrero
In 1991, they developed the first shopping center, "Plaza Zentro", located in Presidente Masaryk, Polanco, Mexico City.
The crisis was successfully dealt with. The viability of the business was maintained and more than 3.1 ha of office space was built.
In 2006, GICSA's portfolio consisted of 34 stabilized projects and 36 under development; 43.6 ha of residential area were developed with a total of nine developments between Mexico City, Acapulco, Cancun and Los Cabos.
In the midst of the great international financial crisis, they managed to maintain viability and entered into important alliances, including an agreement with Liverpool to build five anchor stores in the shopping malls.
In 2009, they redefined their strategy as a result of the financial and real estate crisis.
GICSA entered the Mexican Stock Exchange.
In 2018, the first Explanada concept opens its doors in Cholula, Puebla, under the MALLTERTAINMENT seal. At the same time, Paseo Querétaro opens and a major expansion of Paseo Interlomas is completed.
In 2019, La Isla Mérida and Explanada Pachuca will welcome La Isla Mérida and Explanada Pachuca. Explanada in Culiacán will open its doors in 2020.
Construction resumes on the first and largest Luxury Outlet in Latin America.
Cero5Cien and new projects.
Cero5Cien, Mexico City
It is an exceptional low-density project (196 units), developed on a 5.58 ha site of which only 35% will be built and will have a saleable area of 82.3 ha.
GICSA evolved and revolutionized retail spaces with its Malltertainment® model. Through its new complexes under the name Explanada®, they launched a new category with unique spaces that revolutionized the consumer experience.
The goal is for each unit of this concept to become the largest community epicenter in each region, with developments of over 15 ha.
Due to their size, they will enjoy an incredible commercial offer, unique entertainment experiences, with more than 13 attractions covering 40% of the development, as well as permanent spaces to promote the talent of the local community, more than 180 doors of mixed commercial offerings and technology never seen before in Mexico.
GICSA has operations in:
- Explanada Puebla, Puebla.
- Explanada Pachuca, Pachuca, Hidalgo.
- Explanada Culiacán, Culiacán, Sinaloa.
- It also has two locations under development: Aguascalientes and San Luis Potosí.
- Paseo Interlomas, Paseo Querétaro, La Isla Mérida and Fórum Cuernavaca were also transformed to adapt them to this new category.
The Paseos concept is aimed at an exclusive sector of the population, which is why they are located in strategically selected areas, using an elegant architectural design and exclusive national and international brands.
The objective is for visitors to live pleasant moments while satisfying all their tastes.
- Paseo Arcos Bosques, Bosques de las Lomas, Mexico City.
- Paseo Interlomas, Huixquilucan, State of Mexico.
- Querétaro Promenade, Querétaro, Querétaro.
Spaces designed outdoors under a tropical concept, according to their locations. Their objective is to create new emotions, shopping experiences and forms of entertainment.
Some of these concepts include hotels, stores, movie theaters, restaurants and a wide range of national and international commercial offerings,
- La Isla Mérida Malltertainmet, Mérida, Yucatán.
- La Isla Acapulco Shopping Village, Acapulco, Guerrero.
This shopping mall concept handles a family profile, with diverse commercial options and a great variety of events organized by the C.C., its commercial partners and restaurants. It includes all kinds of entertainment, fun and shopping experience.
- FORUM Cuernavaca, Cuernavaca, Morelos.
- FORUM Buenavista, Mexico City.
- FORUM Coatzacoalcos, Coatzacoalcos, Veracruz.
- FORUM Culiacan, Culiacan, Sinaloa.
Más Centros brings together properties with a wide range of commercial offerings, covering the needs of visitors in one place, with a diversity of concepts and styles, as well as commercial offerings.
- Capital Reforma, Mexico City.
- City Walk, Mexico City.
- Zentro Masaryk, Mexico City.
It is a concept that offers the best and most exclusive brands, focused on offering opportunities that meet the expectations of visitors. It is aimed at those who are always looking for more.
- Grand Outlet Riviera Maya Malltertainment, Riviera Maya, Quintana Roo.
GICSA has distinguished itself for its avant-garde and efficient concepts in corporate buildings, offering work experiences under the best conditions. Its buildings are icons of the city.
- Corporativo Arcos Bosques, Bosques de las Lomas, Mexico City.
- Esmeralda III Tower, Mexico City.
- Masaryk 111, Mexico City.
- Corporativo Interlomas, Huixquilucan, State of Mexico.
- Masaryk 169, Mexico City.
- Capital Reforma, Mexico City.
- Corporativo Lomas Altas, Mexico City.
- Arcos Norte D, Bosques de las Lomas, Mexico City.
Paseo de Los Tamarindos 90 Torre 1, Piso 32, Bosques de las Lomas, 05120 Ciudad de México
55 5148 0400