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Real Estate Briefing - Categorized | Developers, Market Moves more

IRSA seeking opportunities in Europe as property prices plunge, CEO says

Posted on 29 November 2011

IRSA Inversiones y Representaciones SA (IRSA), Argentina’s biggest real estate developer, will look for opportunities in crisis-stricken Europe and keep expanding its business in the U.S. and Argentina, Chief Executive Officer and founder Eduardo Elsztain said.
“The best transactions are done when everybody stops and is paralyzed,” Elsztain said in an interview at the New York Stock Exchange. “These days, the whole world is in some way frozen and the best way to preserve value is to have real assets.”……………………………………….Full Article: Source


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