IRSA (IRS) inks USD 14.175M Ramblas del Plata barter and continues works
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
IRSA Inversiones y Representaciones S.A. reports it has signed a barter agreement related to its “Ramblas del Plata” real estate project. The deal covers a new lot of 6,947 square meters with an estimated total saleable area of 17,500 square meters.
The transaction is valued at USD 14.175 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 site while moving forward with agreements to commercialize the project.
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Key Figures
Transaction value: USD 14.175 million
Lot size: 6,947 sqm
Estimated saleable area: 17,500 sqm
3 metrics
Transaction value
USD 14.175 million
Barter agreement for Ramblas del Plata lot
Lot size
6,947 sqm
New lot in first stage of Ramblas del Plata
Estimated saleable area
17,500 sqm
Total saleable area for the new lot
Key Terms
barter agreement, saleable area, upfront cash payment, infrastructure works, +1 more
5 terms
barter agreement financial
"it has signed a barter agreement for a new lot of 6,947 sqm"
saleable area financial
"with an estimated total saleable area of 17,500 sqm"
upfront cash payment financial
"paid to IRSA through an upfront cash payment and saleable sqm"
infrastructure works other
"The Company will continue infrastructure works on the “Ramblas del Plata” plot"
commercialization of the project financial
"advancing with the signing of agreements for the commercialization of the project"
FAQ
What transaction did IRSA (IRS) announce in this 6-K filing?
IRSA reported signing a barter agreement for a new lot in its Ramblas del Plata project. The deal combines cash and future saleable square meters, supporting both liquidity and ongoing development of this Argentine real estate project.
What is the size of the new lot in IRSA’s Ramblas del Plata project?
The new lot involved in the barter agreement covers 6,947 square meters. It is part of the first stage of the Ramblas del Plata project and is expected to yield an estimated 17,500 square meters of total saleable area.
How much is IRSA’s Ramblas del Plata barter transaction worth?
The Ramblas del Plata barter transaction is valued at USD 14.175 million. IRSA will receive part of this value as upfront cash and the remainder as saleable square meters delivered to the company in the future.
How will IRSA receive consideration under this Ramblas del Plata agreement?
IRSA will be paid through a combination of upfront cash and future saleable square meters. This mixed consideration structure ties part of the value directly to the project’s real estate inventory while also providing immediate cash inflow.
What stage of the Ramblas del Plata project does this IRSA deal involve?
The barter agreement relates to a lot belonging to the first stage of the Ramblas del Plata project. This early-phase transaction helps define the project’s structure while IRSA continues infrastructure works and advances commercialization agreements.
What are IRSA’s next steps on the Ramblas del Plata project after this deal?
IRSA plans to continue infrastructure works on the Ramblas del Plata plot and to advance the signing of commercialization agreements. These activities aim to prepare the project for future sales or leases of the planned saleable space.