US Chamber of Commerce CEO: “The World Needs More Uruguay”

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay, us companies, visionaries

Those were the powerful words of U.S. Chamber of Commerce President and CEO Thomas J. Donohue in his formal introduction of Uruguay President Jose Mujica earlier today in Washington.  Before U.S. Businessmen, Mujica Sold Uruguay As A Country To Live and Invest is how the local papers are summarizing the president’s 36-minute presentation this morning at the U.S. Chamber. But …

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 …

Rising Tide: Piriapolis Begins to Attract More Foreign Investors

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

From Chicago to Cordoba, Medelli­n to Montreal and Rio to Quito; there is a long list of famous second cities in the Western Hemisphere. When it comes to Uruguay tourism destinations, Punta del Este may be the primera playa, but the second city of Piriapolis is beginning to attract more foreign investors thanks to a new strategic marketing campaign. APROTUR, …

Uruguay REITs Offer New Vehicle For Investing in South America Real Estate

Patrick Archer aruba, foreign investment, real estate, uruguay

Investors worldwide have enjoyed the access, convenience and tax advantage of Real Estate Investment Trusts (REITs) for decades, but the popular vehicle has never been offered in one of South America’s most stable and transparent commercial real estate markets…until now. The first Uruguay REIT was just structured as a trust (fideicomiso in Spanish) and raised US$60 million from both individual and …

Investment Grade: S&P Raises Uruguay Credit Rating; Country’s Outlook “Stable”

Patrick Archer competitiveness, uruguay

S&P raised its credit rating on Uruguay from BB+ to BBB- yesterday marking the country’s return to investment grade status after a decade below investment grade. Uruguay was last downgraded ten years and two months ago on February 14, 2002. The country and the current administration welcomed the news as validation of Uruguay’s economic and political stability. “This is good …