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IRSA uses asset sales to finance projects

IRSA uses asset sales to finance projects

November 12, 2021 | Charles Newbery
Argentine real estate developer sees chances to "monetize" its portfolio to raise funds for investments, CFO says

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IRSA Inversiones y Representaciones, the biggest real estate firm in Argentina, plans to continue to sell assets to trim debt and finance new development projects as prospects for revenue growth brighten, CFO Matías Gaivironsky said late Wednesday. "During the last year we sold a lot of square meters of offices," he said on a conference call with investment analysts. "This shows the liquidity of our portfolio. If we want to monetize, there is liquidity." This month, IRSA sold a floor of an offic

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