US$60 million investment planned by developer this year

The ECIPSA Group, led by businessman Jaime Garbarsky, is set to invest a staggering 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 a participation in IRSA, owned by businessman Eduardo Elsztain, in the property of the former Nobleza Piccardo in Buenos Aires. There, ECIPSA will begin work on an important mixed-use development this year.

The ECIPSA Group is a real estate holding company that has been operating for 45 years and has 101 ventures across 12 cities. They have built their reputation as a leading developer of residential properties under different commercial brands such as Natania and MilAires. The Group has also expanded its operations internationally and signed a new exclusivity agreement with Crystal Lagoons to operate in São Paulo, Brazil under its WoOoW brand. Additionally, they opened their offices in Israel where they will begin operating the exclusive Crystal Lagoons license for the Middle Eastern country.

In Paraguay, ECIPSA aims to consolidate its investments and projects under the Natania brand while also looking to expand its business and take its international brands to new Latin American countries. In Argentina, they recently completed their Natania 61 megaproject in Mendoza with over 190 apartments. The second stage concluded in 2022 and the last delivery was recently completed.

According to CEO Walter Fuks of Grupo ECIPSA, the company will continue investing in new projects not only in Mendoza but also other provinces of Argentina as well as other countries around the world.

By Editor

Leave a Reply