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IRSA acquires Los Gallegos shopping mall in Mar del Plata for USD 13.5 million
IRSIrsa Investments & Representations Inc
IRSA Inversiones y Representaciones Sociedad Anónima acquired the "Los Gallegos" shopping mall in Mar del Plata, Argentina, for a total purchase price of USD 13.5 million. The transaction involved the acquisition of 100% of the entities owning the asset, with USD 12.5 million paid at closing and USD 1 million held as collateral. The mall features approximately 10,500 sqm of gross leasable area, including 49 retail stores, 14 stands, Industry is real estate development and management.