Stratrix
On the Record · Irsa Propiedades Comerciales

Irsa Propiedades Comerciales acquisitions, on the record

The businesses Irsa Propiedades Comerciales bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Catalinas building (14,213 sqm of gross leasable area from parent IRSA)
Word for word“The purchase price was fixed at US$ 60.3 million.” 20-F for 2019
agreed acquisition—US$ 60.3 million
two adjoining properties to La Maltería
Word for word“Moreover, there are two adjoining properties to “La Maltería” of approximately 49,000 sqm and 57,000 sqm respectively, with the execution of the deed pending for a total amount of US$ 720,825, of which 10% has already been paid and the balance will be paid at the time of signing the deed.” 20-F for 2019
agreed acquisition—US$ 720,825
Tarshop S.A.
Word for word“On February 14, 2019, we sold the entire shareholding of the Company in Tarshop S.A. to Banco Hipotecario S.A.” 20-F for 2019
divestitureFebruary 14, 2019—
La Arena S.A. (60% equity interest)
Word for word“The price for the equity stake was US$4.2 million, of which US$1.9 million was outstanding as of the date of this annual report.” 20-F for 2019
acquisition—US$4.2 million
Centro de Entretenimientos La Plata S.A. (CELAP) and plot of land in La Plata
Word for word“The price for the acquisition was US$7.5 million, which has been fully paid.” 20-F for 2019
acquisition—US$7.5 million
EHSA additional 20% interest and 1.25% interest in ENUSA
Word for word“In July 2016, we acquired 20% of the shares of EHSA, in which we already owned 50%.” 20-F for 2019
acquisitionJuly 2016—
Philips Building
Word for word“On June 5, 2017, we acquired the Philips Building located in Saavedra, Buenos Aires, next to the DOT Shopping Mall for US$ 29 million.” 20-F for 2019
acquisitionJune 5, 2017US$ 29 million
Maltería Hudson plot (through La Maltería S.A.)
Word for word“The acquisition price totaled US$720,825, of which 10% has already been paid and the balance is due at the time the deed is transferred.” 20-F for 2019
acquisition—US$720,825
República Building, Bouchard 710, Della Paolera 265, Intercontinental Plaza, Suipacha 652 and Intercontinental II land reserve (from IRSA)
Word for word“The total value of the transaction was US$308.0 million, based on third party appraisals.” 20-F for 2019
acquisition—US$308.0 million
Philips Building, adjacent to the Dot Baires Shopping Mall
Word for word“In addition, on June 5, 2017, we reported the acquisition of the historic Philips Building, adjacent to the Dot Baires Shopping Mall.” 20-F for 2020
acquisitionJune 5, 2017—
Acquisition of Catalinas (14,213 sqm of gross leasable area from parent IRSA)
Word for word“Our board of directors approved the acquisition from its parent company IRSA of 14,213 square meters of gross leasable area of the building under development called “Catalinas” located in the City of Buenos Aires.” 20-F for 2020
acquisition——
Centro de Entretenimientos La Plata S.A. (CELAP) and plot of land La Plata
Word for word“The price for the acquisition was USD 7.5 million, which has been fully paid.” 20-F for 2020
acquisition—USD 7.5 million
Parcel adjacent to Mendoza Shopping mall
Word for word“On March 14, 2018, we acquired a parcel of 3,641 square meters adjacent to our Mendoza Shopping mall, for USD 1.2 million, which has been fully paid.” 20-F for 2020
acquisitionOn March 14, 2018USD 1.2 million
Sale of units in Intercontinental Building (one floor of office space and eight parking spaces)
Word for word“The consideration was USD 3 million, which was fully paid by the purchaser.” 20-F for 2020
divestiture—USD 3 million
Two medium-height floors of the tower 200 Della Paolera (unrelated third party)
Word for word“On June 9, 2020, we signed with an unrelated third party the cession and transfer of the right to deed with a delivery of possession of two medium-height floors of the tower under construction "200 Della Paolera" located in Catalinas District in the Autonomous City of Buenos Aires for a total area of approximately 2,430 square meters and 16 parking lots located in the building.” 20-F for 2020
agreed divestitureOn June 9, 2020—
Maltería Hudson plot
Word for word“On July 11, 2018, we acquired the Maltería Hudson plot that has a surface area of 147,895 square meters and approximately 40,000 GLA at the intersection of Route 2 and Buenos Aires - La Plata highway.” 20-F for 2020
acquisitionOn July 11, 2018—
Bouchard 710 building
Word for word“On December 22, 2014, we acquired from IRSA, our controlling shareholder, 83,789 square meters of premium office space including the República Building, the Bouchard 710 building (On July 30, 2020, we sold to an unrelated third party of the entire Bouchard 710 building, for a total amount of approximately USD 87.2 million), the Della Paolera 265 building, the Intercontinental Plaza Building, the Suipacha 652 building and the land reserve “Intercontinental II” (the “Acquired Properties”) with the potential to develop up to 19,600 square meters, each located in the City of Buenos Aires.” 20-F for 2021
divestitureJuly 30, 2020approximately USD 87.2 million
Entertainment Center La Plata S.A.
Word for word“The price of the acquisition was USD 7.5 million which have been fully paid.” 20-F for 2021
acquisition—USD 7.5 million

Read from Irsa Propiedades Comerciales’s annual reports (20-F for 2021, 20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2021-10-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.