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Irsa Inversiones Y Representaciones SA ( (IRS) ) just unveiled an announcement.
On January 28, 2025, IRSA Inversiones y Representaciones announced it signed two sales agreements with a local developer for the first stage of the ‘Ramblas del Plata’ project in Puerto Madero Sur. Comprising 14 lots, this stage represents 18% of the total saleable area of the project, with two lots totaling 10,525 sqm and an estimated saleable area of 40,000 sqm sold for approximately USD 23.4 million. IRSA has received 30% of the payment and will recognize the accounting result in its Q3 FY 2025 financial statements. This transaction highlights IRSA’s ongoing strategic development in a prime urban location, potentially enhancing its market positioning.
More about Irsa Inversiones Y Representaciones SA
IRSA Inversiones y Representaciones S.A. is a company based in Argentina, operating in the real estate sector. It is involved in the development, ownership, and management of commercial real estate, focusing on properties such as office buildings, shopping centers, and residential developments.
YTD Price Performance: -5.84%
Average Trading Volume: 206,525
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.34B
Learn more about IRS stock on TipRanks’ Stock Analysis page.
