Our History
’70
- DINE emerged as a real estate group in 1978 as a result of the incorporation of Bosques de las Lomas, development high-scale residential and commercial located in the western area of Mexico City. From foundation, the main activity of the Company has been to conceptualize and promote real estate developments of the highest quality, and create environments and spaces with a refined Mexican and contemporary identity.
’80
- In 1984 DESC acquired all the shares of DINE, which had important territorial reserves. For the next several years, the strategy of DINE focused on the consolidation of the business, based on a healthy financial structure, which has sustained the success of the company throughout the years.
’90
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Start of large projects at the beginning from the 90's, such as Arcos Bosques Corporativo, Centro Comercial Santa Fe, La Punta Bosques and Punta Ixtapa. Some years later and supported by the success of these projects, two of the developments of greater magnitude for DINE, Punta Mita in the State of Nayarit and Bosques de Santa Fe in Mexico City.
In 1997, in order to anchor and position the project and generate clients, DINE, in association with the renowned Four Seasons hotel chain, developed the Four Seasons Punta Mita Hotel, which opened with 100 rooms and later expanded with 76 more. the renowned Four Seasons hotel chain, developed the Four Seasons Punta Mita Hotel, which opened with 100 rooms and later expanded with 76 more rooms.
’00
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Between the years 2001 to 2004 DINE made the following asset sales: its participation in the Hotel
Four Seasons de Punta Mita, the joint ownership of the Santa Fe Shopping Center, as well as the
territorial reserves of the state of Quintana Roo, the land for the expansion of the Shopping Center
Santa Fe, the areas for residential developments located west of Mexico City and a part
important land reserve for housing use in the State of Mexico.
On December 5, 2006, DESC held an ordinary and extraordinary general assembly of shareholders in order to approve the spin-off of their real estate businesses, from which DINE, S.A.B. de C.V., incorporated on March 29, 2007.
’10
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In 2011, the first building of 26 apartments of the “Villas del Este” development in Punta Ixtapa, the which was fully placed at the end of 2014. In the third quarter of 2014, construction began and sale of the second building of this project.
Punta Mita continues to consolidate itself as one of the most important tourist destinations in Mexico, with a wide variety of residential offers and available land.