IRS - IRSA: The Crown Jewels Of Argentina's Real Estate Are Selling At A Steep Discount
Introduction
Buenos Aires was once defined as "the capital of an empire which never existed" by the French novelist André Malraux, to put in context Buenos Aires' architectural grandeur with its comparatively weaker economic stature. As the largest real estate company in Argentina, owning some of the best-known and most valuable properties in the country, IRSA (IRS) is therefore in possession of quite peculiar "crown jewels", which would certainly strike global asset-minded investor as extremely valuable. However, the seemingly ever-perplexing nature of the Argentine economy must be taken into consideration before jumping in to buy