UAG Farming Fund in Uruguay has purchased El Tejar in a 67,000 ha land grab.
El Tejar has sold its Uruguayan farms to UAG ( an agro fund). That agreement will allow for the incorporation of the 67,000 hectares of cropping land giving UAG a total of 170,000 hectares, equivalent to three times the size of the province of Montevideo.
In this area, some 32,000 hectares shall become owned by UAG and 35,000 ha will remain under the existing leases.
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Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone communities of Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate services. Founded by Geoffrey McRae a New Zealander who maintains an active role in the business it has developed into an International team that has a well-deserved reputation for strong local knowledge, experience and professionalism. I hope you enjoy reading our news site. Please share it on your social media below.