Particle.news
Download on the App Store

Argentina Authorizes AABE to Sell Underused State Properties

The move aims to cut upkeep costs by selling idle assets.

Overview

  • The executive decree 322/2026, published Tuesday, empowers the State Assets Agency to dispose of selected properties as a first step before auctions later this year.
  • Media tallies differ, with La Nueva citing 21 properties and LA NACION detailing a 10‑asset subset that officials estimate could bring in at least US$40 million.
  • One targeted site is a 3,014‑square‑meter strip in Palermo by Avenida del Libertador and Intendente Bullrich, next to a Zaha Hadid Architects tower, with the Renaper building left outside the sale area.
  • The portfolio spans railway‑adjacent land in Buenos Aires Province towns, two Esquel parcels including a sports area, a large tourism complex at Embalse in Córdoba, station land in Lonquimay in La Pampa, and a riverside tract in Candelaria, Misiones.
  • Government audits found many assets lacked a defined use or were underutilized, and officials say shifting them to private hands could cut carrying costs and spur development in the areas involved.