South American Real Estate News
/ Year / 2013

For Santander bank, “Brazil is the most important country in the world”

Banco Santander comes to buy. Sometimes we sell off something, but in Brazil we come to buy,” Botin told reporters before being received by President Dilma Rousseff, putting down rumours doing the rounds in the financial market that he might sell part of the Bradesco bank. “Brazil, for Santander, is the most important country in the world,” Botin said, adding that he was confident the Brazilian economy will bounce back. The banker announced investments of 3 billion Reais (some 1.5 billion dollars) in…

New Zealand’s pension fund shops for offshore farm investments

New Zealand’s state pension fund is looking at buying overseas farmland amid growing demand for food in emerging markets, and it is also interested in assets offered by struggling European banks as well as catastrophe insurance. Crop, dairy and livestock farming operations in North and South America, Australia and Europe are potentially attractive, Matt Whineray, general manager of investments at the NZ$21 billion ($17.5 billion) New Zealand Superannuation Fund told Reuters in an interview. “If…

Argentine and Brazilian tourists find travelling to Uruguay challenging due high costs and poor air links.

Argentine and Brazilian tourists find travelling to Uruguay challenging due high costs and poor air links MercoPress Tourists arriving in Uruguay dropped 14% in first weeks compared to 2012 The number of tourists arriving to Uruguay in the first weeks of this summer season has dropped 14% compared to the same period a year ago, which represents 20.600 less, mostly Argentines and Brazilians, according to Benjamin Liberoff, Director of Tourism. “In the case of the Argentines the dissuasive measures adopted…

Uruguay could be set to become world leader in wind power ahead of other nations

Uruguay plans to produce 90 per cent of its electricity from renewable sources by 2015 Uruguay has set its sights on becoming one of the world’s leading wind power producers as part of plans to produce 90 per cent of its electricity from renewable sources by 2015. Electricity generated from wind is expected to make up 30 per cent of the South American nation’s total mix, with hydropower contributing 45 per cent, and biomass 15 per cent, according to reports from  SmartPlanet. This would put Uruguay…

Foreign ownership of Uruguay farms up 300% since 2000

New census data out this week from Uruguay’s leading ag agency shows the number of foreign investors buying Uruguay farmland and the average farm size both rose rapidly over the past decade. The Uruguay Ministry of Cattle, Agriculture and Fishing (MGAP) released the 2011 Farming General Census yesterday, and the percentage of Uruguayans owning farmland has fallen to 83% from 96% in 2000, while the number of foreign investors owning Uruguay farmland rose from 4% to 17% over the same period. The MGAP report…

Soros-backed Adecoagro ( Argentine Based ) takes land gains to $132m

Adecoagro realised more of the substantial gains within its 283,000-hectare landbank by selling one of its Argentine farms in a deal valuing it at 11 times the purchase price a decade ago. The South America farm operator, in which billionaire George Soros’s investment group is the top shareholder, said it had sold 51% of the company controlling its Santa Regina farm, in Buenos Aires province, for $13.0m, equivalent to $7,058 per hectare. The, unnamed, buyer has an option, expiring in June 2014, to buy…

Changes in the best places to live follow the economic politics of each country ranked

Being a New Zealand I am always interested in how the country in South America compare with my own and why some are improving and some are not. The Rankings speak for themselves. In 1988, it ranked 50 countries based on where would be the best place to be born. It showed New Zealand in 18th place, boosted by its scenic attractions, which weren’t part of the original 11 socio-political and economic criteria. At the top was the US, followed by France, West Germany, Italy, Canada, Japan, Hong Kong, the UK, Sweden…

The Chinese give Latin America’s lessons on how they see the world

This article was written by Sean W. Burges, senior associate at the Australian National Centre for Latin American Studies at the Australian National University and was published in The Australian on 5 December) JUST a few weeks after the Australian government launched its Asian Century white paper, the Brazil-China Business Council ran a major one-day conference in Sao Paulo to discuss the challenges and opportunities of China. While Australia received only passing mention, the larger context of the discussions…