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SEC filingIRSA acquires "Los Gallegos" shopping mall in Mar del Plata for USD 13.5 million, expanding its portfolio to 18 assets with over 400,000 sqm GLA.
The acquisition of Los Gallegos shopping mall aligns with IRSA's strategy to strengthen its presence in Argentina's key commercial hubs outside Buenos Aires. Mar del Plata, a major seaside city with nearly 800,000 inhabitants and significant tourist flow, offers strong potential for commercial activity. The mall's 10,500 sqm GLA and diverse tenant mix (49 retail stores, 14 stands, 2 movie theaters, a department store) add to IRSA's portfolio, which now comprises 18 assets totaling over 400,000 sqm GLA.