Marcelo Senra

Marcelo Senra and five other local designers will debut collections at Mercedes-Benz Fashion Week in NYC.

On Thursday, September 16 at 2pm, the Argentina Group Show will take place at Lincoln Center in New York as part of the 2011 Spring/Summer Mercedes-Benz Fashion Week, one of the premier fashion events in the world.  María Pryor, Pablo Ramírez, Marcelo Senra, Laura Valenzuela, Evangelina Bomparola and La Dolfina will each present seven looks during the runway show, giving them the opportunity to show their design aesthetic on fashion’s biggest stage.  Pryor has shown at Buenos Aires and Miami Fashion Weeks, winning numerous awards along the way and becoming a favorite of celebrities. Ramírez studied fashion design in Buenos Aires before honing his craft in Paris.  Since returning to Buenos Aires, his chic, austere designs have won adulation from some of fashion’s biggest names.  Marcelo Senra, fresh off his acclaimed showing at Buenos Aires Fashion Week, is bring his exotic, ethereal style to New York.  Valenzuela, who, like her peers, has been the recipient of many awards, will present her intricate, feminine designs for the first time at Mercedes-Benz Fashion Week having being chosen by the Argentina Ministry of Foreign Affairs.  Evangelina Bomparola‘s simple, bold and wearable pieces are defined by the quality, elegance, and exclusivity that serve as the cornerstone of her collections. Polo legend Adolfo Cambiasso and his wife, model Maria Vázquez, are behind the line La Dolfina, a brand “motivated by the most authentic elements of the Argentine polo.” With classic, well-made basics, La Dolfina will provide a glimpse of true Argentine polo style.

For more on the best of Buenos Aires fashion, design and luxury living, download the new edition of InvestBA Privada.

Galerias Pacifico in Buenos Aires

Let Us Pay: A Brazilian tourist recently took this photo of Buenos Aires shopping cathedral, Galerías Pacifico.

It was 90 years ago when the phrase “Rich as an Argentine” was coined in Paris. Flush with new-found export wealth, the country’s elite would travel to European capitals for shopping sprees of clothing, fabrics and antiques. By the end of the century, the wealthy were still going abroad in full acquisition mode; however, destinations closer to home—Miami, Punta del Este and Florianópolis—became the playgrounds of choice. Now, only ten years into the new century, and it seems Brazil’s nouveau riche have become the Western Hemisphere’s new shopaholic celebre. The influx of Brazilian tourists to Argentina is well documented here, but Reuters’ Stuart Grudgings digs deeper into the suitcases of returning cariocas and finds they purchased just about “everything” while on vacay in BA.  ”Backed by a booming economy, record job creation and a strong currency, Brazilian consumers are taking wing as they go on a spending spree…Brazilian tourists spent $8.6 billion abroad in the first seven months of 2010, a 56 percent rise on the year before,” writes Grudgings. At one point, he interviews a 54-year-old Brazilian tourist accompanied by twenty of her closest friends at a Buenos Aires galleria and asks what they are buying. “Everything,” she replies. The current Brazilian buying frenzy is fueled by economic strength, availability of cheap credit and exorbitant import tariffs back home. It’s worth noting Argentines face similar tariffs on electronic goods which explains Argentina and Brazil’s #1 and #2 ranking on the global iPod index. (Full article)

Blueberry Bridge

Fresh, not Frozen: BA, Entre Ríos and Tucumán have ramped up U.S. blueberry exports with LAN Cargo.

Global demand for strawberries and blueberries has been on the rise, which is good news for the three Argentine provinces that produce the bulk o’ the berries: Buenos Aires, Entre Ríos and Tucumán. And while Argentina is South America’s third largest exporter of strawberries (after Brazil and Chile), she’s moved up to number two (behind Chile) on the blueberry chart. Agronomy engineer Daniel Kirschbaum told La Gaceta that blueberry demand is up thanks to the fruit’s many nutritional and aesthetic qualities. Kirschbaum, an INTA director and University of Florida IFAS graduate, says blueberry production is creating both jobs and foreign investment in Argentina with greater quantities now being exported at more competitive prices. Argentina’s competitive edge is also a success story in logistics for both Tucumán and LAN Cargo. “Thanks to the agreement with LAN we could open to U.S. markets, since the export duration is only 20 hours,” said Tucumán Governor José Alperovich. LAN Cargo General Manager Carlos Larraín says his company is now “the bridge between the fruit harvested in Tucumán and served one day later on the tables of Americans.

FreshPlaza.com published the export numbers, while the Buenos Aires Herald has a more in-depth piece on “The Blueberry Route” between Tucumán and Miami. ThePacker.com says Tucumán and Concordia have just come through the coldest August on record, so the route may ramp up a little slower this year. “Argentina is going to be a little bit delayed,” says Dave Bowe of Dave’s Specialty Imports. “They’ve had some freeze damage, so supplies are going to be down a little bit. But overall, the weather has not been conducive.”

For more information on Argentina agribusiness opportunities, see our archives and download the new edition of InvestBA Privada.

Rock Em Sock Em Robots

Stay in BA or follow the Movida Esteña? Argentines and foreign buyers alike are asking the question.

More Argentines are crossing the river to invest in Uruguay real estate. While this headline from Mirador Nacional (MN) highlights the obvious, it also digs deeper with a cost per square foot comparison of Uruguay destinations with some of Buenos Aires’ most expensive neighborhoods. But first, MN points to the oft-cited $1.5 billion in Uruguay closings over the past 18 months number and breaks it down by region: $700 million in Punta del Este, $120 million in José Ignacio & Garzón and $40 million in La Barra. And while an estimated 60% of Punta del Este buyers are from Argentina, the remaining 40% is a rich cultural mix from Brazil, Canada, Chile, the E.U. and increasingly the United States. Financial, legal and political stability are three factors in Uruguay’s favor as are competitive real estate prices. The average new construction cost in Punta del Este is $288/SF which compares favorably with $250/SF in Las Cañitas$278/SF in Palermo Soho, $325/SF in Recoleta and $342/SF in Puerto Madero, according to Reporte Inmobiliario. Recent sales in Punta del Este include a 2/2 apartment in La Mansa for $341,000, a 3/2 in La Brava for $286,000 and a furnished 2/2 on Roosevelt Avenue for $245,000. Still, the comments section of the article reveals Punta del Este isn’t for everyone. “Why invest in a place that is only active one month each year?,” writes Lucia, and Carolina opines, “It’s too small and stressful in summertime.” For these ladies, emerging destinos uruguayos like Punta Colorada, San Francisco or Playa Verde might be a better fit. (Full article in Spanish)

For more news and information on local real estate markets, search our archives and download the new edition of InvestBA Privada.

911 Carrera at the Argentina Real Estate Expo

Small investors at the Real Estate Expo were looking for safer investment alternatives than a $200k 911 Carrera.

Ten days have passed since Expo Real Estate Argentina 2010 (Did you see our video?), which gave Clarín sufficient time to absorb all the information presented and formulate some conclusions of their own. Most notable was the fact small investors were really the stars of the event, significantly outnumbering large brokers, developers or architecture firms. “We’re not talking about people with huge international support or institutional funds backing them,” said one attendee, “We’re talking about individual investors looking for a safe alternative for investing their capital.” Just one small problem, Clarín opines. The small real estate investor walking the floor of the Exhibition Hall is as likely to influence the direction of the local market (in terms of product and pricing), as a small shareholder attending the Annual Meeting of a large publicly-traded company (with the possible exception of Berkshire Hathaway). Small real estate investors have concerns, needs and great ideas; yet, the push-push-push marketing by the local development community leaves them out in the cold. Don’t believe us? Try finding a local broker or developer with a blog, twitter account, or any type of social media plugin soliciting feedback.

Instead, our inboxes are cascading with broker e-mails with subject lines like INCREIBLE PROPIEDAD! or PARA INVERSORES! and the requisite 5MB attachments which we never open. As one very astute broker told Clarín, “The new way of operating should be less about having a big Rolodex and more about reading the market and having the capacity to segment your clients.” Which is exactly what we do @InvestBA. We blog in several languages, we promote lifestyle, we solicit feedback daily, and we know exactly which of our international clients would be interested in what types of real estate opportunities in Buenos Aires, Argentina and Uruguay. In short, Clarín characterized the presence and demands of the small investor as “nuevos desafíos,” but we view them as “nuevas oportunidades.” (Buyers, Sellers)

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