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IRSA Propiedades Comerciales S.A. (IRCP)

Stock Price: $10.45 USD -0.08 (-0.76%)
Updated Jun 23, 2021 4:00 PM EDT - Market closed
Pre-market: $10.70 +0.25 (2.39%) Jun 24, 7:47 AM
IRSA Propiedades Comerciales S.A.
Country Argentina
Founded 1889
IPO Date Nov 15, 2000
Industry Real Estate Services
Sector Real Estate
CEO Alejandro Elsztain

Contact Details

Address:Moreno 877, piso 23
Buenos Aires, Buenos Aires C1091AAQ
Argentina
Phone +5411 4814 7800
Websiteirsacp.com.ar

Stock Information

Ticker Symbol IRCP
Exchange NASDAQ
Fiscal Year July - June
Reporting Currency ARS
CIK Code 0001128173
CUSIP Number 02151P107
ISIN Number US4635881034

Company Description

IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A.

Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina.

As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires.

The company offers leases to retail tenants in its ten shopping centers; administration and maintenance of common areas; administration of contributions made by tenants to finance promotional efforts for the shopping centers; and parking lot services for visitors.

The company also offers credit card consumer finance service, through the issuance of its Tarjeta Shopping and Tarjeta Shopping Metroshop credit cards, for consumers at shopping centers, hypermarkets, and street stores.

It also engages in the development and sale of residential properties, and acquisition and sale of undeveloped parcels of land for future development.

In addition, it engages in the development of condominiums associated with its shopping centers. The company was founded in 1889 and is headquartered in Buenos Aires, Argentina.

Key Executives

NamePosition
Eduardo Sergio ElsztainChairman and Pres
Daniel Ricardo ElsztainChief Executive Officer and GM of Real Estate Operations and Investments
Alejandro Gustavo ElsztainExecutive Vice Chairman
Matias Ivan GaivironskyChief Financial and Administrative Officer
Arnaldo JawerbaumChief Operating Officer
Jorge CrucesChief Investment Officer
Mariana C. de ElsztainSecretary