Who it serves
Retailers leasing space and visitors seeking shopping, services and entertainment.
How the business works
A shopping centre brings stores and services together. Rents, occupancy and lease terms connect the property business with retailers’ activity.
What drives this activity
Occupancy, rents, sales, construction costs and project financing.
The business in practice
Selected products, companies and assets from corporate publications.
- Recognisable shopping centres
Alto Palermo, Abasto Shopping and Dot Baires illustrate IRSA’s shopping portfolio: properties bringing shops and visitors together.
IRSA · asset catalogueConsulted
- Zetta: premises for business tenants
IRSA places Zetta within Polo Dot in northern Buenos Aires and identifies Mercado Libre among its principal tenants. It illustrates the office customer: a business using premises, as distinct from a shopping-centre retailer receiving consumers.
IRSA · Zetta buildingConsulted
Its place in IRSA
IRSA combines operating properties with development projects. Shopping centres, offices and hotels have different usage models: leases and occupancy, retailer activity or accommodation. Asset sales and developments follow another cycle.
Economics of the whole company
Business economics · explained by La Plata
Customers, operations & revenue
IRSA combines rental properties with development and hotels. Shopping-centre tenants rent space and attract visitors; office clients need workspace; hotel guests buy stays. Developing or selling a property follows a different schedule. These revenues differ in recurrence and operating requirements.
What shapes business performance
Occupancy, effective rents, tenant sales and shared costs explain rental property; occupancy and room rates explain hotels. Property sales and valuation changes can lift earnings without increasing recurring rents. Debt, maintenance and development should be compared with cash actually collected.