Eduardo Costantini pays US$ 10 million for land to expand one of his megaprojects

Eduardo Costantini, the creator of Nordelta, launched his second “mini-city” project called Puertos en Escobar in 2010 and there are already 11 barrios where 3,600 inhabitants live. In September, a Malba branch opened in that 1,400-hectare space 45 kilometers from the City.

And on Friday, through his company Consultatio, the businessman acquired a land of approximately 75 hectares in Escobar, “borders in its entirety with the Puertos project which the company is developing,” the company said in a note to the National Securities Commission.

The price of the operation was US$10,883,052, which Consultatio will pay through the delivery of plots of land from neighborhoods that make up the Puertos project.

About half of the surface of Puertos is dedicated to lakes (it has 3 with a total of 400 hectares) and green spaces (there is an ecological reserve of 6 square kilometers bordering the Luján River) and it is estimated that when the project concludes they will live between 50,000 and 60,000 people (there are already 3 schools).

Puertos, together with Las Garzas, in Uruguay, is part of the “Urbanizations” unit of Consultatio, a firm in which Costantini has 72%, another 25% is in the hands of the ANSeS and the rest is listed on the stock market.

The firm also develops residential buildings, such as Quartier Ocampo, Oceana Puerto Madero, Oceana Nordelta, and Huergo 475 in Argentina and Oceana Bal Harbor in the United States. In corporate towers it has Torre Catalinas Plaza and Torre Catalinas Rio.