IRS-WT · IRSA Inversiones y Representaciones Sociedad Anónima WT

Summary

IRSA Inversiones y Representaciones S.A. signed a barter agreement for a 2,617 sqm lot with 5,730 sqm estimated total saleable area in the extended first stage of the “Ramblas del Plata” project, valued at USD 4.98 million, payable via upfront cash and future saleable sqm. The Company will continue infrastructure works and advance commercialization agreements.

Key takeaways

• Signed barter agreement for 2,617 sqm lot
• Estimated total saleable area of 5,730 sqm
• Part of extended first stage of “Ramblas del Plata” project
• Transaction value USD 4.98 million
• Payment: upfront cash and future saleable sqm
• Will continue infrastructure works and commercialization agreements