ECIPSA Group, a real estate business holding company with over 45 years of experience in the industry and operations in 12 cities, announced plans to invest US$59 million this year. The company’s Chairman, Jaime Garbarsky, will oversee these investments as they are executed on land purchases in Argentina, Paraguay, and Panama. In 2023, the company acquired a stake in IRSA, led by Eduardo Elsztain, in the property of the former Nobleza Piccardo in Buenos Aires. This land is almost 16 hectares and will be used for an important mixed-use development project that ECIPSA will begin working on this year.
ECIPSA Group is known for its brands Natania and MilAires and has established itself as a player at the international level by signing an exclusivity agreement with Crystal Lagoons to operate in São Paulo, Brazil under its WoOoW brand. They have also opened offices in Israel where they will begin operating the exclusive Crystal Lagoons license for the Middle Eastern country. In Paraguay, ECIPSA aims to consolidate its investments and projects while expanding into new Latin American countries. In Argentina, it has just completed its Natania 61 megaproject in Mendoza with more than 190 apartments. The second stage concluded in 2022 and the last delivery was recently completed.
CEO Walter Fuks stated that ECIPSA will continue investing and working on new projects not only in Mendoza but also other Argentine provinces and other countries.