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US$60 million investment planned by developer this year

The ECIPSA Group, a real estate business holding company with development, construction and real estate companies, has announced plans to invest US$59 million this year. This includes the execution of works and the purchase of land in Argentina, Paraguay and Panama. In 2023, the company acquired the participation of IRSA in the property of the former Nobleza Piccardo in Buenos Aires, a land of almost 16 hectares. There, ECIPSA will begin working on an important mixed-use development this year.

The group has been building in the country for 45 years and has 101 ventures in 12 cities to its credit. It sells lots, houses and apartments under different commercial brands among which Natania and MilAires stand out. At an international level, the Group continues to expand, signing a new exclusivity agreement with Crystal Lagoons to operate in São Paulo, Brazil under its WoOoW brand and opened its offices in Israel where they will begin to operate the exclusive Crystal Lagoons license for the Middle Eastern country.

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

By Editor

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