The ECIPSA Group, headed by businessman Jaime Garbarsky, is set to invest a staggering US$59 million this year. This includes the completion of works and the purchase of land in Argentina, Paraguay, and Panama. In 2023, the company acquired the participation of IRSA, led by Eduardo Elsztain, in the property of the former Nobleza Piccardo in Buenos Aires. Here, ECIPSA will begin working on an important mixed-use development that will kick off this year.
ECIPSA is a real estate business holding company comprised of development, construction, and real estate companies that have been operating in the country for 45 years. The Group boasts 101 ventures across 12 cities and sells lots, houses and apartments under various commercial brands such as Natania and MilAires. Internationally, ECIPSA continues to grow by signing a new exclusivity agreement with Crystal Lagoons to operate in São Paulo under its WoOoW brand. The company also opened offices in Israel where they will start operating an exclusive Crystal Lagoons license for the Middle Eastern country.
In Paraguay, ECIPSA plans to consolidate its investments and projects under the Natania brand while expanding its business into new Latin American countries. In Argentina, it has just completed its Natania 61 megaproject in Mendoza with over 190 apartments. The second stage ended in 2022 and the last delivery was recently completed. CEO Walter Fuks assures that ECIPSA will continue investing in new projects not only in Mendoza but also other Argentine provinces as well as other countries.