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Buenos Aires Real Estate Sales Continue Rising Rhythm

On September 15, 2010, In foreign investment, real estate, by InvestBA
Pinares Bosque Privado

Roads are being paved and neighborhoods are taking shape in BA gated communities like Pinares

The sale of new and existing properties continues its upward trajectory in the City of Buenos Aires after a lethargic 2009. The market recovery that began last December has gained momentum during the course of 2010 as we reported in May.

Now the latest statistics from the BA Notary College show a 31.3% gain in real estate transactions closed in July 2010 compared to July 2009, as inflation fears continue to provide ample incentive for a “refugio de valor.” The total dollar amount of July’s 5,535 closings jumped 68% compared to July 2009, while the average value of properties sold rose 28%.

ElArgentino.com says the greatest demand was for properties priced in the US$63,000-US$228,000 range, followed by properties priced above US$228,000. While July’s 5,535 closings were a significant YOY improvement, the number represented a 1.4% decrease compared to June 2010.

There’s a similar story in the Province of Buenos Aires where the 10,730 July closings represent a 70% gain over July 2009. The president of the Provincial Notary College describes the data as proof that “real estate continues to be a good investment.” The broader, more sobering analysis this morning from Bloomberg underscores inflationary fears are fueling current Argentina consumer demand for housing and autos. (ElArgentino.com Story in Spanish)

For more information about real estate opportunities in Buenos Aires, download the new issue of InvestBA Privada.

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Can Argentina Become The Saudi Arabia of Renewable Energy?

On August 16, 2010, In energy & agriculture, foreign investment, us companies, by InvestBA
Renewable Energy in Argentina

Argentina, like most Latin American countries, has historically wrestled with energy supply issues, especially during the peak summer and winter months. This winter was no exception, as a gas shortage prompted the federal government to cut service to over 300 large industrial customers in order to ensure a steady supply to residential customers battling the cold.

Out of this most recent energy shortage came some positive developments including U.S.-based Apache supplying Pampa Energia with 800,000 cubic meters of natural gas per day and the announcement of a $47 million pipeline that will carry 27 million cubic meters a day from Bolivia to Salta.

But perhaps the most encouraging news regarding Argentina’s energy future came courtesy of Bloomberg New Energy Finance’s Latin America Clean Energy Market Outlook H1 2010. The report says Latin America is “ready for take-off” when it comes to renewable energy. ”

The report notes that political stability and recent economic growth have combined to create an unprecedented demand for energy across Latin America,” writes Bloomberg’s Ethan Zindler adding, “Since 2005 when investment was $2.9bn, investment surged to $18.1bn in 2008. The region saw a pull-back in 2009 to $16bn due to the recession but is now poised to get back on track.”

The report says Argentina will be a leader in wind, already has systems in place for biofuels and holds great potential for biomass development. Given all these factors, “Argentina could be the Saudi Arabia of renewable energy,” says the president of the Argentina Renewable Energy Chamber, Carlos Saint James. Argentina is now the fifth largest producer of biodiesel, behind Germany, the US, France and Brazil, according to Power-Gen Worldwide. (Full article)

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Santander Sees the Future in Argentina, Brazil, Latin America

On July 19, 2010, In a-bric, foreign investment, franchises, visionaries, by InvestBA
Santander Branch in Buenos Aires

With 37 million clients and 5,800 branches, Santander is the leading bank franchise in Latin America.

If you had any doubts about where the smart money is moving globally, you might want to take a look at Grupo Santander, the largest bank in the Euro-zone and one of the largest banks in the world.

In recent interviews with everyone from Bloomberg to El Pai­s, Santander officials are understandably bullish on Argentina, Brazil and Latin America in general…so much so bank executives feel the region will outperform Asia in the coming years.

Santander’s Director for the region Francisco Luzon sees the XXI century as Latin America’s inflection point: “In this century, Latin America will move beyond being a ‘developing’ region. Latin America has talent and structural competitive advantages that will make it a winner in the XXI century.” Luzon believes Latin America is the region best positioned to benefit from the process of globalization, while banks like Santander are well positioned to capitalize on the continued bancarizacion of LatAm.

Santander estimates the financial systems of the seven core Latin countries, Brasil, Mexico, Argentina, Chile, Peru, Colombia y Uruguay, have a current valuation of US$500 billion and could reach $1 trillion by 2015. If full-year projections for 2010 are any indication of what’s to come, it’s easy to understand why a bank like Santander sees the future in Latin America. According to Bloomberg, the region will account for 45% of the bank’s profit this year, up from 39% in 2009.

For more information about investment opportunities in Argentina and Uruguay, download IncomeBA and the new issue of InvestBA Privada.

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Agricultural Exports, Farm Loans Surge in Argentina & Uruguay

On April 26, 2010, In a-bric, energy & agriculture, foreign investment, uruguay, by InvestBA
http://investba.com/2010/01/more-rain-efficiency-mean-bumper-crop-in-ba/

Argentine soy farmers are earning record profits. So are the cattle producers in Uruguay.

As farmers in Argentina and Uruguay ride a wave of recovery, exports are booming and banks are poised to increase lending dramatically, according to Bloomberg.

We’ve covered the bullish forecasts regarding this year’s corn and soy crops, and now it appears the banks have taken notice. “Banco Galicia, Argentina’s second-biggest farm lender, expects agricultural loans to increase about 40 percent this year after no growth in 2009,” says Bloomberg, while “HSBC forecasts an expansion of as much as 30 percent to a record volume.”

Argentine farmers are expected to produce 54.5 million metric tons of soybeans and 21.4 million tons of corn this year, annual increases of 65 percent and 69 percent from 2009. Bankers and farmers are equally optimistic given the record harvests coincide with an improving interest rate environment.

Across the river, cattle farmers in Uruguay continue to fill the gap left by falling production levels in Argentina. Beef exports from Uruguay rose 27% in March to 203,465 tonnes compared to March 2009, according to Meat Trade News Daily. 40 percent of Uruguay’s beef exports went to Russia and Asia with Russia demanding 90 percent more beef and Asian markets buying 122 percent more Uruguayan beef compared to 2009.

According to Ag Weekly, “the USDA increased production estimates of soybean crops from Brazil and Argentina, the world’s No. 2 and No. 3 producers, but said strong demand from China will help consume the bumper crops. “

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Initial Pampa Offering? El Tejar Weighs Options

On March 11, 2010, In energy & agriculture, foreign investment, us companies, by InvestBA
Buenos Aires grain & meat giant El Tejar is backed by Capital Group Companies & Altima Partners

Buenos Aires grain & meat giant El Tejar is backed by Capital Group Companies & Altima Partners

More Buenos Aires IPO news this week on the heels of yesterday’s post regarding TGLT’s public offering ambitions. Bloomberg BusinessWeek is reporting that BA-based El Tejar is weighing an IPO in New York and taking the necessary steps to be in compliance whenever the mood strikes over the next three years.

El Tejar CEO Oscar Alvarado told BBW, “We are preparing ourselves so that Brazil is not our only option, and the option exists of doing it in New York. We are preparing the company so as to be able to make the decision to go public whenever we decide.”

With operations in Argentina, Bolivia, Brazil, Paraguay and Uruguay, El Tejar designs and manages grain and meat production systems with an emphasis on risk management and environmental sustainability. (Org Chart) El Tejar’s annual production of grains and oilseeds  is roughly 3 million tons according to Bloomberg, and the company should benefit from record corn and soybean crops this year in both Argentina and Brazil.

While the company describes its focus and community involvement activities as “multilocal,” the company’s appeal to investors is definitely multinational. The two investment funds with the largest stakes in El Tejar are The Capital Group Companies and London-based Altima Partners LLP. (Bloomberg BusinessWeek article)

For more information about investment opportunities in Buenos Aires, download IncomeBA and the new issue of InvestBA Privada.

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