“Another luxury real estate investment in the Uco Valley,” reads the headline in Gabriela Balls article today in Los Andes about Tierra Mansa, a 254-acre project planned for Tunuyan, the same region where Robert DeNiro was looking to buy a 100-acre vineyard.
Like other master-planned projects in Mendoza, the developer envisions subdividing their parcel into private vineyard lots, although these would be smaller than neighboring projects in the Uco Valley.
With lots beginning at 0.75 acres, owners would have the option of enjoying their own private label wine or exporting it to markets like the U.S. The developer also plan to offer only three home styles ranging from 1,500 to 2,700 square feet, a smart strategy that will streamline and accelerate the building cycle while reducing long-term construction costs.
Unlike other regions of Argentina where locals are buying the majority of real estate, Balls says foreign investors today account for 60% of foreign investment in the Uco Valley. Of those, Canadian investors lead the Valle de Uco pack followed by Brits, Spaniards, Germans and Belgians like Burco America, the developer behind Tupungato Winelands. (Full Story in Spanish)
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