BASF Chooses Uruguay For New Financial Service Center

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

BASF has chosen Uruguay as the destination for a new regional financial services center and plans to be fully operational in Montevideo’s World Trade Center by 2016. After spending a year looking for the perfect location to combine North and South America service centers, BASF (BAS.DE) chose Uruguay for its stability, transparency and skilled workforce. According to the company, “Montevideo was chosen as …

World Trade Center 4 Rapidly Reshaping Montevideo’s Skyline

Patrick Archer aruba, real estate, uruguay

WTC4, the fourth building in Montevideo’s World Trade Center complex, is nearing completion and reshaping Montevideo’s skyline in the process, according to InfoNegocios. Uruguay construction and engineering company Ebital began construction of World Trade Center 4 in September 2009, and the soaring corporate office tower is scheduled for completion in December. A 42-story building with three underground levels, WTC4 will …

Hilton Worldwide Announces Hilton Garden Inn Montevideo

Patrick Archer franchises, hotels & casinos, real estate, uruguay, us companies

Hilton Worldwide is coming to Montevideo. The Virginia-based company made the announcement yesterday and plans to open the new 17-story, 168-room hotel in 2014. The US$30 million Montevideo property will introduce the popular Hilton Garden Inn brand to South America. Hilton’s announcement offers additional validation of Montevideo as an important hub for business and tourism in the Southern Cone. “As …

New Buenos Aires World Trade Center To Open In Puerto Madero

Patrick Archer aruba, foreign investment, real estate

Manhattan has one. Santiago has one. Montevideo has one. And now Buenos Aires will have its own World Trade Center to be located in Dock One of Puerto Madero. The announcement was made this week between the World Trade Centers Association (WTCA) and the developer of the recently completed Madero Harbour which the WTC Buenos Aires will call home. La …

Hilton Hotels Coming to Montevideo’s World Trade Center

Patrick Archer foreign investment, hotels & casinos, real estate, uruguay, us companies

As Montevideo’s World Trade Center continues to evolve into a city within a city, many business travelers often lament the lack of quality accommodations, especially near the WTC. And of the major chains like Radisson, Holiday Inn and NH, most brand name properties are clustered on the west side of town near the Port of Montevideo. So it was only …