ECIPSA Group, a real estate business holding company with over 45 years of experience in Argentina, Paraguay and Panama, has announced plans to invest US$59 million this year. This includes the execution of works and the purchase of land in these countries. The Group’s CEO, Walter Fuks, has assured that the company will continue working and investing in new projects in Mendoza and other Argentine provinces as well as other countries.
In 2023, ECIPSA acquired the participation of IRSA, a property development company led by Eduardo Elsztain, in the former Nobleza Piccardo land in Buenos Aires. The 15-hectare property is where ECIPSA will begin working on an important mixed-use development project this year.
The Group is made up of several development, construction and real estate companies that have been operating in the country for decades. They have built more than 101 ventures across 12 cities and have established Natania and MilAires as some of their most popular commercial brands. At an international level, ECIPSA continues to expand its presence by signing a new exclusivity agreement with Crystal Lagoons to operate in São Paulo under its WoOoW brand and opening offices in Israel to operate an exclusive license for Crystal Lagoons’ Middle Eastern market.
ECIPSA has recently completed its Natania 61 megaproject in Mendoza with over 190 apartments. In Paraguay, the group hopes to continue consolidating its investments and projects while expanding its business into new Latin American countries. In Argentina, it plans to continue working on projects for Natania while also looking at taking its international brands into new markets.