Analyst Summary
- IRSA signed barter agreements with developers for two lots in the first stage of the ‘Ramblas del Plata’ project.
- The swapped lots cover 12,448 sqm, with an estimated saleable area of 13,170 sqm.
- The total transaction value is approximately USD 10.4 million, paid through upfront cash and future saleable sqm.
- IRSA will continue infrastructure work on the project and advance commercialization agreements.
Potential Implications
Company Performance
- The transaction contributes to the progress of the ‘Ramblas del Plata’ project.
- Future revenue from saleable sqm will positively impact financial performance.
Stock Price
- Positive news regarding project development may positively influence investor sentiment.
- Successful commercialization of the project could lead to increased stock value.