IRSA presents shopping mall expansion plans in investor presentation
IRS•IRSA outlined $118 million in investment across shopping mall growth projects covering 144,000 square meters of gross leasable area. Alto Avellaneda II would require $38 million and is estimated to open in the fourth quarter of 2029.
1. Expansion plans
IRSA outlined $118 million in investment across shopping mall growth projects covering 144,000 square meters of gross leasable area. Alto Avellaneda II requires $38 million for acquisition and capital spending, with an opening estimated for the fourth quarter of 2029. Its planned 32,000-square-meter expansion could double the mall’s gross leasable area.
2. Occupancy figures
Shopping mall occupancy reached 97.6% in fiscal first-quarter 2027, while office occupancy stood at 96.9%.
