Boston’s GMO Uruguay Timberland Investment Worth $140 Million

Patrick Archer agribusiness, foreign investment, real estate, us companies

Boston-based global investment management firm, GMO, is making a significant long-term investment in Uruguay with one of the country’s largest timberland acquisitions in recent years. GMO acquired the land from Chile-based Arauco, and the deal encompasses over 110,000 acres (45,000 hectares) spread across 141 parcels in the Rivera and Tacuarembo departments of northern Uruguay, according to El Pais’ Fabian Tiscornia. Arauco …

More North Americans, Europeans Investing in Uruguay Farmland

Patrick Archer agribusiness, foreign investment, real estate, uruguay

The sale of farms is on the rise in Uruguay, and a new wave of investors primarily from the US and Europe are doing the buying, according to a new report in El Pai­s. Pablo Beson describes the buyer profile as individual investors drawn to agribusiness investments in Uruguay as a safe harbor for their money, a stable investment alternative …

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 …

Uruguay: The New Darling of Global Investors

Patrick Archer foreign investment, uruguay, us companies

First The Switzerland of South America. Then A Good Place to Visit Your Money. Now Uruguay has a new national tagline thanks to Reuters: The New Darling of Global Investors. That is the theme of a well-researched piece by Hilary Burke and Malenda Castaldi. The duo point to the recent S&P upgrade as the latest in a series of events …

New York Times: Colonia Real Estate Attracting More Foreign Investors

Patrick Archer foreign investment, lifestyle, real estate, tourism, uruguay

Lionel Messi (“the little man in the orange shoes”) and the Argentine Seleccion were showered with compliments this morning by The New York Times for their performance last night in New Jersey, but Uruguay also received its fair share of praise this week. Cesar Barrios of La Republica tells Uruguay readers that Colonia was just featured in a Times article …