Real Estate Deals Along Uruguay’s Tango Coast Exceed $1.2 Billion in 2010

Patrick Archer foreign investment, real estate, uruguay

Of all the takeaways gleaned at the 2011 Salon Inmobiliario last week in Punta del Este, we were most impressed by the 2010 summary confirming our long-held belief the smart money is moving north of Punta along the Tango Coast of Uruguay from Maldonado and increasingly into Rocha. One of the highlights of the four-day Real Estate Expo held at …

Financial Times: China’s New Investment Frontier Is Argentina

Patrick Archer agribusiness, foreign investment

A Wall Street strategist appeared on CNBC last week and when asked in which sectors and companies to invest he replied, “Buy what China wants. The world story hasn’t changed. The place where the growth is is Asia, and the things Asians want are the things that are going to grow in the West.” Argentina knows this first-hand, and the …

Socma & Pestana Announce New Buenos Aires Real Estate Project

Patrick Archer buenos aires events, foreign investment, real estate

A Portuguese hotel group and one of Argentina’s most influential holding companies are partnering to build a US$40 million hotel/condo golf complex on the outskirts of Buenos Aires. Pestana Hotels and Sociedad Macri (Socma) made the announcement yesterday, and the Pestana Buenos Aires Golf Club is scheduled for completion in late 2012. According to Silvia Stang with La Nacion, the …

Uruguay Embraces Pro-Construction Policies

Patrick Archer foreign investment, real estate, tourism, uruguay

After the U.S.’s $787 billion Grow Government package which Harvard essentially labeled a failure, it’s refreshing to hear about a stimulus package that could actually create jobs, promote development and provide some much needed housing. Montevideo’s LR21 reports today on the Uruguay government’s decision to promote a series of fiscal stimulus measures to incentivize private investment in the construction of …

“Honey, I Bought A Vineyard in Argentina!”

Patrick Archer entrepreneurs, foreign investment, wine & vineyards

Politicians are a bit like chess players in the way they are constantly plotting their next moves: pushing new agendas, pursuing re-election or seeking higher office. But for one Alaska politician, the next move was as original as it was unexpected. Wasilla City Council member Nancy Hall announced she will step down from her post and move with her husband …