JHSF Participações S.A. is a Brazil-based holding company engaged in the real estate industry. The group is involved in the development, purchase and sale of residential and commercial properties; the construction and operation of shopping centers; administration and management services, and operation of hotels and tourist activities. JHSF Incorporacoes Ltda., the group's real estate developer, is currently building the US$538mn Catarina international airport in São Paulo state's São Roque city. First phase works involve building a 1.4km runway valued at 3.9mn reais that should be completed by 1H16. The second phase calls for building a second, 2km runway, airport infrastructure and a commercial complex. Catarina airport will be located along the Castello Branco highway, some 50km west of state capital São Paulo.