• Sat. Mar 2nd, 2024

ECIPSA Group Launches $59 Million Mixed-Use Development in Argentina and Paraguay, Expands Reach Internationally

ByEditor

Feb 12, 2024
US$60 million investment planned by developer this year

The ECIPSA Group, headed by businessman Jaime Garbarsky, is planning to invest US$59 million this year. This includes the completion of works and the purchase of land in Argentina, Paraguay, and Panama. In 2023, the company acquired a stake in IRSA, led by Eduardo Elsztain, in the former Nobleza Piccardo property in Buenos Aires, a nearly 16-hectare land plot. This year, ECIPSA will begin working on an important mixed-use development on this land.

ECIPSA is a real estate holding company made up of development, construction and real estate companies that have been operating in the country for 45 years. They have over 101 ventures in 12 cities and are known for selling lots, houses and apartments under different commercial brands such as Natania and MilAires. Internationally, the Group continues to expand its reach by signing a new exclusivity agreement with Crystal Lagoons to operate in São Paulo, Brazil under its WoOoW brand and opening offices in Israel to operate the exclusive license for the Middle Eastern country.

In Paraguay, ECIPSA hopes to continue investing in its Natania brand while expanding its business into new Latin American countries. In Argentina, it has recently completed its Natania 61 megaproject in Mendoza with over 190 apartments. The second stage concluded last year and the last delivery was recently completed. CEO Walter Fuks assures that ECIPSA will continue working on new projects not only in Mendoza but also in other Argentine provinces and other countries as well.

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