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 …

Foreign Investors Paying Top Dollar For Uruguay Chacras

Patrick Archer foreign investment, real estate, uruguay

The summer of super luxury is well into the second quincena on the beaches of Uruguay, and foreign investors are snatching up six, seven and eight-figure luxury homes with acreage on or near the coast, also known as chacras. “In Punta del Este, Chacras Are Selling For Up To $25 Million,” is the headline of Matias Bonelli’s analysis today in …

Panama Escape Valve Boosting Uruguay Real Estate Activity

Patrick Archer aruba, foreign investment, real estate, uruguay

Many Argentines—historically the largest group of foreign buyers of Uruguay real estate—sat on the sidelines in 2012 wrestling with fear and uncertainty over a recently passed tax transparency agreement between both countries’ federal tax agencies. If the taxman is willing to roam the parking lot at U2 concerts and Superclasicos, what would happen if he could get his tentacles on …

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, …