Fiscal Year 2014
We are Argentina’s leading real estate company in terms of total assets. Engaged, directly and indirectly
through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including: the acquisition, development and operation of shopping malls, office buildings, residential
properties, luxury hotels, undeveloped land reserves for future development and sale, and selected opportunistic real estate investments outside Argentina.
The only Argentine real estate company whose shares are listed on the Buenos Aires Stock Exchange and
whose GDSs are listed on the New York Stock Exchange.
Additionally, 29.77% of Banco Hipotecario S.A., one of the leading financial institutions in Argentina.
Through subsidiary Alto Palermo, operation of 13
shopping malls, totaling 311,232 sqm of GLA. Six of
them are located in the City of Buenos Aires, two in
Greater Buenos Aires Metro Area, and the others in
Rosario, Mendoza, Córdoba and Santa Fe.
Stores Ownership Occupancy
Alto Palermo Shopping
Alto Noa Shopping
Buenos Aires Design
Alto Rosario Shopping
Mendoza Plaza Shopping
Dot Baires Shopping
La Ribera Shopping
11 Office Building comprising 122,470 sqm of GLA in Downtown BA
Majority stakes in three Luxury Hotels:
Intercontinental Buenos Aires, Sheraton Libertador
both located in the City of Buenos Aires and Llao Llao
Hotel, located in San Carlos de Bariloche in the
Office Portfolio evolution
Llao Llao Hotel
Fiscal Year 2014
Development and Sales of Properties
More than 16.5 sqm million in land reserves to be developed all across Argentina and Uruguay. The most relevant reserves in the portfolio
are: Solares de Santa María and Puerto Retiro in the shore of Buenos Aires, Nobleza Piccardo Site next to the City of Buenos Aires, Isla Sirgadero in the Province of Santa Fe and a large plot of land next to Laguna Carrasco in Montevideo, Uruguay.
Investments in the US
IRSA acquired 49% of a company which main asset is Lipstick Building located in 53rd at 3rd in NYC. Its ocupancy reached 87.2% as of June 30.
Also owns 74.5% of the company owner of the building in 183 Madison Ave in the same city. As of June 30, 2014, 93% of the building was
occupied and we signed an agreement to sell the building at USD 185 million. Additionally, the company, using an investment fund called
Dolphin Fund as vehicle, acquired a 24.8% of one of the largest conglomerates in Israel, IDBD. Finally, through subsidiaries, owns 34% voting
power in Supertel Hospitality Inc (NASDAQ:SPPR) (NASDAQ:SPPR).
Financial Results (in ARS M)
Net Debt / EBITDA: 2.4x
Net Debt / Net Assets (BV): 46.1%
Debt Amortization Schedule
(IRSA consolidated basis — USD M)
Investor Relations Departament
[email protected] - http://www.irsa.com.ar/ri
+ 5 4
(11) 4323 7449
Moreno 877, 24th Fl.
(C1091AAQ) Buenos Aires