South American Real Estate News
/ Month / September

Chilean/Swedish group subscribe usd 1.354 billion for the construction of a pulp plant in Uruguay

  Arauco owns 50% of the Montes del Plata project in partnership with the Swede-Finish corporation Stora Enso which in planning to invest 1.9 billion dollars in the plant for an annual production of 1.3 million tons of pulp.   The credit package includes a 454 million dollars loan from the Inter American Development Bank and another 900 million dollars from different financial sources.   Last July Arauco signed a guarantee agreement to extend collateral in support of the financial obligations.   The Montes…

UK magazine names hotel in Torres del Paine Park among top 100 best in the Americas

The prestigious British magazine Condé Nast Traveller has nominated the Hotel Salto Chico in Chilean Patagonia among the Americas and Caribbean best hotels. The ranking was done by the readers of the magazine who nominated the world’s best hundred hotels based on service and exotic passion to travel. Over 25.000 magazine readers and subscribers voted the list and gave the Explora Patagonia group Hotel Salto Chico 76.83 points, making it the only hotel in Patagonia and in Chile to reach the top 100. The hotel…

Brazil soars in clean energy rankings

Brazil soars in clean energy rankings With almost half of its energy supply generated by renewable sources, Brazil increasingly looks like a positive example for the rest of the world. By Robin Yapp | The Daily Telegraph There is an old joke that says Brazil is the country of the future – and always will be. But with rapid economic growth, the government claiming that some 40 million people have been lifted out of poverty in the past decade and the 2014 World Cup and 2016 Olympics in Rio de Janeiro on the…

Brazil to be among top destinations of foreign investment

  Brazil will be one of the main destinations of foreign investment next year, a study released Wednesday by the country’s Institute of Applied Economic Research (IPEA) said. According to the International Perception of Brazil Monitor study, the indicator that measures the likelihood of Brazil receiving foreign investment rose from 35 points in May to 43 points in August. Seventy percent of interviewees worldwide consider Brazil one of the top five destinations for foreign investment, up from 56…

New York Post names Chilean ski resort a top destination

New York Post names Chilean ski resort a top destination Chile’s central and southern regions are home to a wide variety of ski centers which receive thousands of visitors each season (between June and October). You can go skiing or snowboarding for the day at one of the ski centers just outside Santiago or spend a few days at an all-inclusive hotel further south. One of the biggest newspapers in the United States, The New York Post, chose Chile´s Valle Nevado ski center as one of the “8 Best places…

Spanish corporations have 130 billion dollars invested in Latin America

Foreign Minister Trinidad Jimenez emphasized this week the growing relevance of Spain in Latin America, where Spanish firms have made 130 billion Euros worth of investments.   Addressing members of the Lower House of Parliament, Jimenez praised Prime Minister Jose Luis Rodriguez Zapatero foreign policy during the past 7 1/2 years.   This is a policy, she said, based on “the traditional axis” of trans-Atlantic relations, relations with Latin America, with the Mediterranean countries and within the European…

Is Argentina a risk worth taking ?

  Argentina is a frontier market with an unpalatable tendency for suffering economic crises and political instability. But it is also one where risk-takers can reap rewards. By Jude Webber | Financial Times #adp02 That is why, despite the warning signs of economic overheating and inflation expected to climb to around 30 per cent this year, institutional investors are finding appeal, especially in the fixed income market. “I think the fundamental reason is valuations,” says Ricardo Maxit, chief executive…

China´s state-owned EximBank to invest in Brazil´s agriculture

Export-Import Bank of China, a state bank with a mission to promote trade between China and the rest of the world, is in talks to provide about $200 million in financing to one of the largest agricultural companies in Brazil, a top bank official said on Wednesday. The potential deal with Amaggi Exportacao e Importacao—relatively small in size compared to other deals the bank has done in the region—nonetheless would represent China Eximbank’s first investment in Brazil’s agriculture sector, Feng…

Argentina’s forest industry potentialities and challenges

According to recent industry estimates, over the next 10 years between 60 and 80 billion dollars will be invested for the development of the forestry industry in South America. Argentina, due to its optimal ecological conditions, is expected to become a major player focusing much of that interest. Argentina has about 30 million hectares of native forests. There are currently 1.2 million hectares of cultivated forests, mainly pine, eucalyptus, willow and poplar, which are estimated to be expanded to two million…

Brazil’s private equity firm ABF partners with farmland investor Agrifirma to launch new joint venture

  Agrifirma is a modern farmland operating and development company, founded in 2008 by financier Lord Rothschild, corporate raider Jim Slater and hedge fund manager Hugh Sloane. The company produces coffee, cotton, corn and soybeans in South America farm fields with state-of-the-art technology.   Agrifirma’s objective is to provide substantial quantities of grain and other agricultural products to help fill the growing shortage of supply in the developed and developing worlds.  The investment company believes…

Argentina aims to produce 160 million tons of grain by 2020

According to the strategic plan (known as “PEA”) recently announced by President Cristina Kirchner, Argentina aims to produce 160 million tons of grain, amounting to $100 billion in exports, by 2020. The plan has been developed by representatives from 23 provinces, 53 universities, agricultural schools, business associations, producers and family farmers, officials said. She said the plan would require expanding the area of grain production from 34 million to 42 million hectares (84 million to 100…

Argentine wines big winners at Decanter World Wine Awards

Argentina has triumphed at the Decanter World Wine Awards, winning the most International Trophies of any single country in the history of the competition. The Decanter World Wine Awards were presented at a dramatic dinner and ceremony in the Paul Hamlyn Hall at the Royal Opera House Covent Garden last night, attended by the cream of the world’s wine industry. Of the  25 International Trophies, chosen from over 12000 entries, more and more of the top prizes went to Argentina as the evening went on. First…

Adriana Zaefferer – Artista Real en Argentina

# Adp03Adriana Zaefferer knows no masters painting or art schools, either contests or prizes. “The truth is I’m not interested; for me, I just like to paint, “says the interviewee in the meeting at his home in San Isidro, while a trio of purrs around cats and she apologizes for newly arrived holiday South Argentina and does not even his brushes and his canvas carrying bags. What is innate talent of Zaefferer from girl had a natural inclination for drawing and painting, without the need to…

Brazil´s JBS leads the way on feedlot livestock

  JBS SA led the way in 2010 in total cattle in feedlots with 168,772 animals, according to the survey. The company moved up from third in BeefPoint’s cattle confinement rankings from 2009. BRF Brasil Foods, which ranked ninth in cattle confinement among the top 50 sector businesses in 2009, moved up to sixth in 2010. Marfrig did not participate in the survey. The rising cost of grain prices in 2010 deterred many industrial cattle farms from focusing more animals in confinement situations. But BeefPoint…

More foreigners investing in vineyards in Mendoza

Aziz Abdul has come a long way from his humble background in Asia to build a sprawling wine chateau in this beautiful Andean nation that is home to star footballers like Digeo Maradona and Lionel Messi. Born to a Tamil father and a half-Vietnamese mother, Aziz can speak fluent Spanish and Vietnamese. ‘I am a foreigner in any country’, he beams with a smile when asked to which country he belonged. #adp02 Aziz has named his chateau Hana, a combination of the initials of his two daughters, wife and…