IRSA (IRS) inks USD 4.98M Ramblas del Plata project barter deal
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
IRSA Inversiones y Representaciones S.A. disclosed that it has signed a barter agreement tied to its “Ramblas del Plata” real estate project. The deal covers a new lot of 2,617 sqm with an estimated total saleable area of 5,730 sqm in the project’s extended first stage.
The transaction is valued at USD 4.98 million, to be received through an upfront cash payment and additional saleable square meters in the future. IRSA plans to continue infrastructure works on the Ramblas del Plata plot while moving forward with agreements for the project’s commercialization.
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FAQ
What is the value of IRSA’s new Ramblas del Plata barter agreement?
The barter agreement has a transaction value of USD 4.98 million. IRSA will receive this value through a combination of upfront cash and additional saleable square meters to be delivered in the future as part of the project.
How will IRSA (IRS) be paid under the Ramblas del Plata barter agreement?
IRSA will be paid through an upfront cash component and future delivery of saleable square meters. This structure means part of the USD 4.98 million consideration is immediate, while the remainder will be realized as additional saleable area is received.
What is the size of the lot involved in IRSA’s new agreement?
The lot involved in the agreement covers 2,617 square meters with an estimated total saleable area of 5,730 square meters. This lot belongs to the extended first stage of IRSA’s Ramblas del Plata real estate development project in Argentina.
What are IRSA’s next steps for the Ramblas del Plata project after this agreement?
IRSA plans to continue infrastructure works on the Ramblas del Plata plot and advance the signing of agreements for commercialization. This indicates ongoing development activity and a focus on preparing the project for future sales or leases.
In which country is IRSA’s Ramblas del Plata project located?
The Ramblas del Plata project is located in Argentina, where IRSA is incorporated. The company’s principal executive offices are in Buenos Aires, and this agreement relates to a lot within that Argentine development project.