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Company

Our business is where the opportunity for something better is in the air. We are passionate about transforming spaces into iconic places, full of life and experiences. We work to promote a close-knit culture that seeks and values courageous and visionary work teams.

Who we are

We are IRSA, a leading company in the real estate business, with shopping centers across the country.

We have a diverse investment portfolio that includes office buildings, urban developments, hotels, and entertainment centers.

We are listed on the Argentine Stock Exchange (BYMA) and the New York Stock Exchange (NYSE) because we know how to build on what already exists and spread the optimism of our vision.

IRSA Manifesto

We see it.
There.
In the space where no one sees it.
We believe.
In its power. That which no one would imagine.
We roll up our sleeves.
Because dreams are worked on so that they cease to be only desires.
We pursue and pursue the conviction that spaces become places when they are filled with experiences.
We are experts in imagining them and making them come true.
Because it is our way of transcending time. Because we know we can.
Because we have always done it.
Because we learn from our mistakes and come back with more enthusiasm.
We take risks with responsibility. We beat in those spaces where we breathe the opportunity of something better.
And much stronger when other heartbeats join ours.
We are IRSA. We are passionate about transforming our cities into iconic and memorable places to enjoy, work and live.

 

IRSA. The courage to make it real.

Mission

Transforming spaces into places that improve urban life, always keeping people in mind.

Vision

To be a leader in urban development in Argentina, generating new places and iconic experiences that leave a positive mark on people’s lives.

Mission

Transforming spaces into places that improve urban life, always keeping people in mind.

Vision

To be a leader in urban development in Argentina, generating new places and iconic experiences that leave a positive mark on people’s lives.

Our values

Courage

We are passionate and we dare to take risks to achieve unique experiences. The unknown does not paralyze us, it makes us stronger and drives us to dream of new challenges.

Vision

We look for opportunities that improve people's lives where no one else sees them, because we dream big. We are convinced that the ecosystem we build can always be better, because habits evolve and our focus is to support communities for their maximum development.

Closeness

We believe in sincere relationships and in work environments that seek to achieve the best version of ourselves. We value trust and learn from everyone's diversity and contribution.

Experience

We are confident in our track record and always seek continuous learning. We make decisions inspired by the knowledge our history has provided, for the development of the company, our customers and the community around us.

Our values

Courage

We are passionate and we dare to take risks to achieve unique experiences. The unknown does not paralyze us, it makes us stronger and drives us to dream of new challenges.

Vision

We look for opportunities that improve people’s lives where no one else sees them, because we dream big. We are convinced that the ecosystem we build can always be better, because habits evolve and our focus is to support communities for their maximum development.

Closeness

We believe in sincere relationships and in work environments that seek to achieve the best version of ourselves. We value trust and learn from everyone’s diversity and contribution.

Experience

We are confident in our track record and always seek continuous learning. We make decisions inspired by the knowledge our history has provided, for the development of the company, our customers and the community around us.

Our history, a path of growth and commitment

We work continuously to achieve the highest standards of corporate governance, with full transparency and accountability. We take care of our human capital and promote inclusion and diversity in our work teams.

Our history, a path of growth and commitment

We work continuously to achieve the highest standards of corporate governance, with full transparency and accountability. We take care of our human capital and promote inclusion and diversity in our work teams.

Our business strategy

We base our business strategy on three fundamental pillars:

We maximize shareholders’ returns by generating sustainable cash flow growth and increasing long-term value through the development and operation of mixed-use properties. We intend to strengthen and consolidate the relationship with our tenants via attractive leasing conditions, offering a wide range of products and services, such as administrative and commercial advice to optimize and simplify their operations.

Our privileged locations and our leadership position in the country, together with our knowledge of the shopping mall and office industry, allow us to maintain high occupancy levels and an optimal tenant mix.

We grow through the acquisition and development of real estate properties and have land reserves with premium locations in the country to continue increasing our portfolio with mixed-use projects. We adapt quickly to context changes and consumer habits, always focusing on the customer to provide the best service through technology and thus enhance their shopping experience in our shopping malls. We maintain our investment in Banco Hipotecario, the country’s leading mortgage bank, as we believe we can achieve good synergies in the long run with a developed mortgage market.

We are pioneers in innovative real estate developments due to their format and scale, their concept, the valuation of the area in which they are located, and the search for future synergies. We seek investments outside of Argentina that provide an opportunity for long-term capital appreciation and diversify our portfolio.

We are part of the communities where our business units operate. And with CSR actions in our properties, we communicate and display topics of interest to society, such as inclusion and assistance.

We plan for the long term and work towards continuous improvement, environmental protection and sustainable development, in order to meet environmental certification standards in our real estate projects.

Our History

1991-1992

• Start of operations in the Argentine real estate market.

• Melián (DOT) purchase.

• Silos Dorrego purchase.

• Dique V purchase.

1994

• Begins trading on the NYSE.

• Purchase of Dique 6/13, Palacio Alcorta

1995-1996

• Start of activities in the office rental market – acquisition of three office towers located in top-tier office areas of Buenos Aires.

• Pereyra Iraola purchase.

• Purchase via the Alto Palermo subsidiary, now IRSA CP – expansion into the shopping center segment.

• Abril Country Club purchase.

• Alto Noa acquisition.

1997-1998

• Land reserve: Puerto Retiro, Pilar, Santa Maria, Terreno Benavidez and Caballito.

• Acquisition of AAA offices: Intercontinental Plaza Building and Coastal Buildings.

• Acquisition of hotels: Llao Llao and Intercontinental Buenos Aires.

• Shopping centers acquisition/development.

• Majority shareholding in TARSHOP S.A.

1999-2000

• Acquisition of AAA offices: Laminar Plaza Building.

• Acquisition of hotels: Sheraton Libertador.

• Torres Abasto development.

• Acquisition of Banco Hipotecario shareholding.

• Patio Bullrich acquisition.

• Torres Abasto and Abasto Shopping development.

2001-2002

• FVI Venezuela sale.

• Acquisition of AAA offices: Yacht V and VI.

• U$S 100 million: IRSA convertible notes and warrants.

• Debt restructuring.

• Brazil realty sale.

• US$ 50 million in APSA (now Irsa CP) and CRESUD convertible notes.

2003-2004

• Shareholding increase in Banco Hipotecario.

• Alto Rosario Shopping opening.

2005-2006

• Acquisition of AAA office towers: Bouchard 710 building.

• Majority stake acquisition in Mendoza Plaza Shopping.

• Acquisition of AAA office towers: Dock del Plata Building.

• Acquisition: 50% of Natal Crespo Quarries.

• Development: San Martin de Tours.

• Córdoba Shopping acquisition.

• Patio Olmos building (operated by a third party).

2007-2009

• Acquisition of AAA office towers: Della Paollera 265 Building, República Building and Bouchard Plaza Building.

• Join Venture with Cyrela for residential development in Argentina.

• New Torres Renoir Residential development.

• Solares de Santa María approval.

• Beginning of the Horizons development, a residential complex.

• Purchase of Lipstick office building in the USA.

• Land reserve purchase: Beruti and Luján.

• AAA tower acquisition: Bank Boston.

• Stake acquisition in Hersha (Hospitality Trust Reit hotellera in the US).

• Dique IV construction.

• Sale of IRSA stock for U$S 65 million.

• Dot Baires Shopping opening.

2010-2011

• DOT Office development.

• 50% of Quality Invest, former Nobleza Piccardo plant in San Martin (CABA).

• Soleil Premium Outlet acquisition.

• Participation in Supertel Hospitality Inc (Hospitality Reit in the USA).

• Indirect participation acquisition in La Rural S.A. fairground.

• La Ribera Shopping acquisition.

• Torres Horizons development.

2015-2016

• Total and partial sale of several buildings in Buenos Aires.
• Madison building sale in the USA.

Purchase of important holding company in Israel:
• Telecommunications: Cellcom Israel (including 013 Netvision).
• Financial: Clal Insurance.
• Agrochemicals: Adama.
• Technology: Elron.
• Real Estate: Property & Building / Gav-Yam.
• Supermarket: Shufersal.
• Irsa Propiedades Comerciales (APSA’s successor) is born.
• Transfer of AAA offices portfolio from IRSA to Irsa CP.

Shopping mall openings:
• Arcos Premium Outlet District (CABA).
• Alto Comahue Shopping Mall (Neuquén).
• Purchase of real estate adjacent to Córdoba Shopping.
• Sale of ADAMA, IDB Agrochemical Company.
• Reorganization of CONDOR (Ex Supertel) new Senior Management – name change and new strategy.
• Purchase of Del Plata office building in Buenos Aires.
• Issuance of International Negotiable Bonds for U$S 360 thousand.
• Additional acquisition in La Rural S.A.

Launching of 3 Real Estate projects:
• Alto Palermo Shopping expansion.
• First Office Park Pole Dot (75% leased to Mercado Libre and Falabella).
• Torre Catalinas Building (35 thousand m2) in Puerto Madero.

2017-2018

• Expansion works in progress (Alto Avellaneda expansion, new Zara store in Alto Rosario, new Sodimac store in Mendoza Plaza and new cinemas in Alto Comahue).

• Purchase of Philips office building.

• DIRECTV Arena concession.

• Land purchase in La Plata for mixed-use development.

• Expiration of the Buenos Aires Design concession and property transfer.

• Buenos Aires and Punta del Este Convention Center concession.

2019-2020

Real estate project:

• Zetta Building: First Office Park Pole Dot (leased to Mercado Libre and Falabella).

• 200 Della Paolera Building (35 thousand m2) in Puerto Madero.

2021-2022

• Capital increase in IRSA.

• Take-over merger with IRSA Propiedades Comerciales as absorbed company.

• Costa Ramblas del Plata approval.

• Sale of 3 office buildings (Bouchard 710, República and Torre Boston) and several apartments in Della Paolera.

• Post-pandemic rental business recovery.

2023-2024

• Paseo Colón 245 Building purchase.

• Risk rating improvement.

• Suipacha 652/664 Building sale.

• Quality Invest S.A. (Predio San Martín) sale.

• Apartments sale at Della Paollera 200.

• Exchange of land in Ezpeleta.

• Terrazas de Mayo Shopping acquisition.

Our History

1991-1992

• Start of operations in the Argentine real estate market.

• Melián (DOT) purchase.

• Silos Dorrego purchase.

• Dique V purchase.

1994

• Begins trading on the NYSE.

• Purchase of Dique 6/13, Palacio Alcorta

1995-1996

• Start of activities in the office rental market – acquisition of three office towers located in top-tier office areas of Buenos Aires.

• Pereyra Iraola purchase.

• Purchase via the Alto Palermo subsidiary, now IRSA CP – expansion into the shopping center segment.

• Abril Country Club purchase.

• Alto Noa acquisition.

1997-1998

• Land reserve: Puerto Retiro, Pilar, Santa Maria, Terreno Benavidez and Caballito.

• Acquisition of AAA offices: Intercontinental Plaza Building and Coastal Buildings.

• Acquisition of hotels: Llao Llao and Intercontinental Buenos Aires.

• Shopping centers acquisition/development.

• Majority shareholding in TARSHOP S.A.

1999-2000

• Acquisition of AAA offices: Laminar Plaza Building.

• Acquisition of hotels: Sheraton Libertador.

• Torres Abasto development.

• Acquisition of Banco Hipotecario shareholding.

• Patio Bullrich acquisition.

• Torres Abasto and Abasto Shopping development.

2001-2002

• FVI Venezuela sale.

• Acquisition of AAA offices: Yacht V and VI.

• U$S 100 million: IRSA convertible notes and warrants.

• Debt restructuring.

• Brazil realty sale.

• US$ 50 million in APSA (now Irsa CP) and CRESUD convertible notes.

2003-2004

• Shareholding increase in Banco Hipotecario.

• Alto Rosario Shopping opening.

2005-2006

• Acquisition of AAA office towers: Bouchard 710 building.

• Majority stake acquisition in Mendoza Plaza Shopping.

• Acquisition of AAA office towers: Dock del Plata Building.

• Acquisition: 50% of Natal Crespo Quarries.

• Development: San Martin de Tours.

• Córdoba Shopping acquisition.

• Patio Olmos building (operated by a third party).

2007-2009

• Acquisition of AAA office towers: Della Paollera 265 Building, República Building and Bouchard Plaza Building.

• Join Venture with Cyrela for residential development in Argentina.

• New Torres Renoir Residential development.

• Solares de Santa María approval.

• Beginning of the Horizons development, a residential complex.

• Purchase of Lipstick office building in the USA.

• Land reserve purchase: Beruti and Luján.

• AAA tower acquisition: Bank Boston.

• Stake acquisition in Hersha (Hospitality Trust Reit hotellera in the US).

• Dique IV construction.

• Sale of IRSA stock for U$S 65 million.

• Dot Baires Shopping opening.

2010-2011

• DOT Office development.

• 50% of Quality Invest, former Nobleza Piccardo plant in San Martin (CABA).

• Soleil Premium Outlet acquisition.

• Participation in Supertel Hospitality Inc (Hospitality Reit in the USA).

• Indirect participation acquisition in La Rural S.A. fairground.

• La Ribera Shopping acquisition.

• Torres Horizons development.

2015-2016

• Total and partial sale of several buildings in Buenos Aires.
• Madison building sale in the USA.

Purchase of important holding company in Israel:
• Telecommunications: Cellcom Israel (including 013 Netvision).
• Financial: Clal Insurance.
• Agrochemicals: Adama.
• Technology: Elron.
• Real Estate: Property & Building / Gav-Yam.
• Supermarket: Shufersal.
• Irsa Propiedades Comerciales (APSA’s successor) is born.
• Transfer of AAA offices portfolio from IRSA to Irsa CP.

Shopping mall openings:
• Arcos Premium Outlet District (CABA).
• Alto Comahue Shopping Mall (Neuquén).
• Purchase of real estate adjacent to Córdoba Shopping.
• Sale of ADAMA, IDB Agrochemical Company.
• Reorganization of CONDOR (Ex Supertel) new Senior Management – name change and new strategy.
• Purchase of Del Plata office building in Buenos Aires.
• Issuance of International Negotiable Bonds for U$S 360 thousand.
• Additional acquisition in La Rural S.A.

Launching of 3 Real Estate projects:
• Alto Palermo Shopping expansion.
• First Office Park Pole Dot (75% leased to Mercado Libre and Falabella).
• Torre Catalinas Building (35 thousand m2) in Puerto Madero.

2017-2018

• Expansion works in progress (Alto Avellaneda expansion, new Zara store in Alto Rosario, new Sodimac store in Mendoza Plaza and new cinemas in Alto Comahue).

• Purchase of Philips office building.

• DIRECTV Arena concession.

• Land purchase in La Plata for mixed-use development.

• Expiration of the Buenos Aires Design concession and property transfer.

• Buenos Aires and Punta del Este Convention Center concession.

2019-2020

Real estate project:

• Zetta Building: First Office Park Pole Dot (leased to Mercado Libre and Falabella).

• 200 Della Paolera Building (35 thousand m2) in Puerto Madero.

2021-2022

• Capital increase in IRSA.

• Take-over merger with IRSA Propiedades Comerciales as absorbed company.

• Costa Ramblas del Plata approval.

• Sale of 3 office buildings (Bouchard 710, República and Torre Boston) and several apartments in Della Paolera.

• Post-pandemic rental business recovery.

2023-2024

• Paseo Colón 245 Building purchase.

• Risk rating improvement.

• Suipacha 652/664 Building sale.

• Quality Invest S.A. (Predio San Martín) sale.

• Apartments sale at Della Paollera 200.

• Exchange of land in Ezpeleta.

• Terrazas de Mayo Shopping acquisition.