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 …