Overview
- IRSA reported to Argentina’s CNV that the price was US$9 million, with US$4.5 million already paid and the balance due in four annual installments.
- The redevelopment will exceed US$20 million and is slated to take roughly six months, targeting a relaunch in the second quarter of 2026.
- The project will retain the Showcase cinema and provide parking for more than 1,000 cars, with an offer centered on dining, entertainment and outlet fashion and beauty.
- IRSA projects the reopening will generate more than 250 new jobs in Morón’s Haedo area.
- Following the acquisition, IRSA cites a portfolio of 17 shopping centers and about 390,000 m² of ABL, while media reports differ on the site’s size and store count.