Barrick Gold Postpones Opening Date of Argentina Megamine

Patrick Archer agribusiness, foreign investment, real estate

A second straight day of cost superlatives for Argentina real estate. First McDonald’s makes front page news in Buenos Aires, and now the world’s largest gold producer hits a San Juan speed bump with its Pascua-Lama megamine. Barrick Gold made the announcement during yesterday’s quarterly earnings call. The mine, originally scheduled to commence production in 2013 will now begin in …

McDonald’s To Open On “The Most Famous Corner” in Argentina

Patrick Archer aruba, foreign investment, franchises, real estate, us companies

It used to be a Cinema, but it wasn’t a cinema. It was just located next to a cinema, but the cinema closed in 2002 and the Cinema closed earlier this year. So the cinemas are long gone, but what remains is one of the most valuable corners of commercial real estate in Buenos Aires: Callao and Santa Fe. Clarin’s …

We Bought A Zoo: Buenos Aires Edition

Patrick Archer arts & entertainment, aruba, buenos aires events, culture, real estate

The Buenos Aires Zoo is arguably one of the most valuable pieces of real estate in the city. Over 44 acres, 16 city blocks and 2 million square feet of prime Palermo property where residential units across the street fetch over $300 per square foot. The BA Zoo, which originally opened in 1875, is said to be modeled after the …

Accor Acquires Latin American Portfolio With Argentina Hotels

Patrick Archer aruba, foreign investment, franchises, hotels & casinos, lifestyle, tourism

Paris-based Accor Group, one of the world’s largest hotel operators, is taking one giant step into Latin America with the acquisition of 15 established hotels in Argentina, Brazil and Chile. Trumpeted today on the company’s corporate website as a “Major Acquisition for the Group,” Accor paid US$275 million for the hotels formerly owned and managed by Mexico’s Grupo Posadas. 11 …

VanityBA: Why Gyms Are A Healthy Investment In Argentina

Patrick Archer aruba, culture, franchises, lifestyle, real estate, vanityba

Local retail sales and consumer confidence may be cooling, but don’t tell that to the owners of Argentina fitness centers where 9 out of 10 gyms are growing and double-digit increases in membership rates are only outpaced by membership growth. According to Cronista, fitness is a US$925 million industry in Argentina, a country where some 2.3 million members run, squat, swim, …