Real Estate Giant ECIPSA Plans US$59 Million Investment for Mixed-Use Development in Argentina and Paraguay, Expands to New Latin American Countries and Launches Exclusivity Agreement with Crystal Lagoons in Brazil and Israel

A developer is planning to invest $60 million this year

The ECIPSA Group, led by businessman Jaime Garbarsky, is planning to invest US$59 million this year. This includes the execution of works and purchase of land in Argentina, Paraguay, and Panama. In 2023, the company acquired the participation of IRSA, led by businessman Eduardo Elsztain, in the property of the former Nobleza Piccardo in Buenos Aires, a land of almost 16 hectares. There, ECIPSA will begin working this year on an important mixed-use development.

ECIPSA is a real estate business holding that has been building in the country for 45 years. The company has 101 ventures in 12 cities and sells lots, houses and apartments under different commercial brands such as Natania and MilAires. At an international level, ECIPSA is continuing to expand its reach. In Paraguay, they hope to continue consolidating their investments and projects of the Natania brand while planning to expand their business and take their international brands to new Latin American countries. In Argentina, they have just completed their Natania 61 megaproject in Mendoza with more than 190 apartments. They will continue working and investing in new projects in Mendoza and other Argentine provinces as well as in other countries.

In addition to its real estate activities, ECIPSA has also signed a new exclusivity agreement with Crystal Lagoons to operate under its WoOoW brand in São Paulo, Brazil. They have also opened their offices in Israel where they will begin operating the exclusive Crystal Lagoons license for the Middle Eastern country.

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