Home / Daily Briefs / 2022 / 31 / IRSA takes new step to reduce debt

IRSA takes new step to reduce debt

IRSA takes new step to reduce debt

March 31, 2022 | Charles Newbery
Argentine real estate developer chalks up another property sale as it prepares for a riverfront project

Corporate & Sovereign Strategy Debt Argentina M&A

IRSA Inversiones y Representaciones, the biggest real estate firm in Argentina, said on Wednesday that it has earned $20.4 million on the sale of two floors in an office building in Buenos Aires, funds that are expected to go toward debt reduction as it prepares to finance a large construction project in the capital. The company did not disclose the buyer of the property in its 261 Della Paolera building, where it still has another 15 floors up for sale, according to a securities filing. IRSA ha

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