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12 NOV

Boston Tower Sale

The Company communicates that it has sold and transferred three floors with a leasable area of approximately 3,266 sqm, a retail store of approximately 225 sqm located in the ground floor and 15 parking spaces of Boston Tower located at 265 Della Paolera in Catalinas District of Buenos Aires City.

The transaction price was set at approximately USD 19.1 million (USD 1.1 corresponding to the retail store), which had already been paid. The offices price reached USD/sqm 5,490.

After this transaction, IRSA PC has no remaining leasable area in the building, only keeping a space of the first basement.

The accounting result of this operation will be recognized in the Company's Financial Statements for the second quarter of FY 2021.