Attached is the English translation
of the summary of the letter dated June 10, 2026, filed by the
Company with the Bolsa de Comercio
de Buenos Aires and the Comisión Nacional de
Valores.
BUENOS AIRES, ARGENTINA
– June 10, 2026 – IRSA Inversiones y
Representaciones Sociedad Anónima (the “Company”)
(NYSE: IRS),informs
that it has acquired “Los Gallegos” shopping mall,
located at Rivadavia 3050, in the city of Mar del Plata, Buenos
Aires Province. The transaction was carried out through the
acquisition of 100% of the entities owning the asset.
“Los Gallegos” shopping
mall has approximately 10,500 sqm of gross leasable area (GLA),
comprising 49 retail stores, 14 stands, 2 movie theaters and a
department store. In addition, it includes 115 parking
spaces.
The purchase price amounted to USD
13.5 million, of which USD 12.5 million was paid at closing, with
the remaining USD 1 million retained as a collateral.
Mar del Plata, the leading seaside
city on Argentina’s Atlantic coast, located 400 km south of
the City of Buenos Aires, is one of the country’s main
commercial hubs outside the capital. With a population of nearly
800,000 inhabitants and a significant flow of tourists, the city
offers strong potential for the development and expansion of
commercial activity.
Following
this acquisition, the Company’s shopping malls portfolio
comprises 18 assets, 16 currently operated by IRSA, totaling more
than 400,000 sqm of
GLA.