The Company informs that it has acquired, within the framework of a judicial process, a property located on Av. Gaona, between Nazca and Terrada streets, in the neighborhood of Flores in the City of Buenos Aires.
The property, on a land plot of 8,856 sqm, has an existing built area of approximately 17,000 sqm and potential for future expansion.
The purchase price was USD 6.8 million, which has been fully paid.
The Company intends to refurbish the property, enhancing an iconic asset of the City of Buenos Aires.
As of today, the execution of the deed of transfer of ownership remains pending.
