FT: Argentina, Brazil, Uruguay Adapt to Seduce Arab Nations

Patrick Archer foreign investment, lifestyle, tourism, uruguay

Argentina and Uruguay are both enjoying stronger trade and investment ties with the Middle East. Samantha Pearson’s article in FT focuses initially on Brazil’s record beef exports to Iran and quickly expands to include Argentina and Uruguay in the Middle East equation. Commodity exports like wheat still top the list, she writes, but the relationships are poised to broaden into …

Coastal Uruguay Real Estate Sales Exceed US$100 Million a Month

Patrick Archer foreign investment, real estate, uruguay

Coastal real estate in and around Punta del Este continues to be a magnet for foreign investors, and the value of Uruguay homes and apartments sold tops US$100 million per month, according to El Observador. In the most recent twelve-month period examined, properties sold in Maldonado exceeded US$1.4 billion, and in the 28-month period from January 2009 to May 2011, …

Exito CEO Upbeat About Uruguay Grocery Acquisition

Patrick Archer foreign investment, uruguay

Two months after Colombia’s largest retailer announced plans for the purchase of the largest grocery chain in Uruguay, Dinero.com checks in with Grupo Exito CEO Gonzalo Restrepo to put the deal in perspective. In an interview with Dario Lopez, Restrepo shoots straight on the acquisition, the appeal of Uruguay and Exito’s plans for expansion in other corners of Latin America. …

More Americans & Brazilians Investing In Uruguay

Patrick Archer foreign investment, global rankings, real estate, uruguay

Foreign investment in Uruguay is shifting in two major ways: the destination and the origin. An interesting analysis today in El Observador: “Real estate investment and construction have replaced land purchases and loans to financial institutions as the primary pole of attraction for foreign capital coming into the country over the last decade.” Outside investors also play a more important …

Punta del Este Condo Auction Highlights Pent-Up Demand

Patrick Archer real estate, uruguay

When an investor group bought the abandoned Melia Hotel in Punta del Este earlier this month for US$10 million, the new developers talked about the building’s potential for attracting middle class buyers looking for their own private pedacito del este. At closure, the architect speculated small one and two-room units ranging in size from 430-680 feet would fill a void …