• Mon. Feb 26th, 2024

Real Estate Giant ECIPSA to Invest $59 Million in Argentina, Paraguay and Panama; Company Continues Expansion Overseas

ByEditor

Feb 12, 2024
US$60 million investment planned by developer this year

ECIPSA Group, led by businessman Jaime Garbarsky, is set to invest US$59 million this year. The company has plans to work on projects in Argentina, Paraguay and Panama, which includes the execution of works and purchase of land. In 2023, the company acquired a participation from IRSA, headed by Eduardo Elsztain, in the property of former Nobleza Piccardo in Buenos Aires. Here, ECIPSA will begin working on an important mixed-use development this year.

ECIPSA is a real estate business holding company made up of development, construction and real estate companies that have been operating in the country for 45 years. The group has over 101 ventures in 12 cities and sells lots, houses and apartments under different commercial brands such as Natania and MilAires. Internationally, the Group continues to expand its reach by signing a new exclusivity agreement with Crystal Lagoons to operate in São Paulo, Brazil under its WoOoW brand and opened offices in Israel where they will begin operating the exclusive Crystal Lagoons license for the Middle Eastern country.

In Paraguay, ECIPSA hopes to consolidate its investments and projects of the Natania brand while planning to expand its business into new Latin American countries. In Argentina, it recently completed its Natania 61 megaproject in Mendoza with over 190 apartments. The second stage concluded in 2022 and the last delivery was recently completed. CEO Walter Fuks of Grupo ECIPSA assures that the company will continue working on new projects not only in Mendoza but also other Argentine provinces as well as other countries.

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