ECIPSA Group, chaired by businessman Jaime Garbarsky, is set to invest US$59 million this year. The company plans to use the funds for the execution of works and the purchase of land in Argentina, Paraguay, and Panama. In 2023, ECIPSA acquired the participation of IRSA, a property development company led by businessman Eduardo Elsztain, in the former Nobleza Piccardo land in Buenos Aires. This 15.7-hectare land will be used for an important mixed-use development that ECIPSA will begin working on this year.
ECIPSA is a real estate business holding company that has been operating in Argentina for 45 years and has 101 ventures in 12 cities. The company sells lots, houses, and apartments under different commercial brands such as Natania and MilAires. At an international level, ECIPSA continues to expand its operations, signing a new exclusivity agreement with Crystal Lagoons to operate in São Paulo, Brazil under its WoOoW brand. Additionally, the group opened its offices in Israel where it will begin operating the exclusive Crystal Lagoons license for the Middle Eastern country.
In Paraguay, ECIPSA hopes to continue consolidating its investments and projects of the Natania brand while planning to expand its business into new Latin American countries. In Argentina, ECIPSA recently completed its Natania 61 megaproject in Mendoza with more than 190 apartments. The second stage concluded in 2022 and the last delivery was recently completed. Walter Fuks, CEO of Grupo ECIPSA assures that the company will continue working and investing in new projects not only in Mendoza but also other Argentine provinces as well as other countries.