AcquisitionsJun 10, 2026, 09:31 AM
IRSA Acquires Los Gallegos Shopping Mall for $13.5M
AI Summary
IRSA Inversiones y Representaciones Sociedad Anónima announced the acquisition of "Los Gallegos" shopping mall in Mar del Plata, Argentina, for $13.5 million. The transaction involved acquiring 100% of the entities owning the asset. The mall features approximately 10,500 sqm of gross leasable area, including 49 retail stores, 2 movie theaters, and 115 parking spaces. This strategic acquisition increases IRSA's shopping mall portfolio to 18 assets, with 16 currently operated by the company, totaling over 400,000 sqm of GLA.
Key Highlights
- Acquired "Los Gallegos" shopping mall in Mar del Plata, Argentina.
- Purchase price amounted to $13.5 million.
- $12.5 million was paid at closing, with $1 million retained as collateral.
- The mall has approximately 10,500 sqm of gross leasable area (GLA).
- It includes 49 retail stores, 14 stands, 2 movie theaters, a department store, and 115 parking spaces.
- This acquisition expands the company's shopping mall portfolio to 18 assets, totaling over 400,000 sqm of GLA.
Price Impact
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