Monday, October 17, 2016

Algodon Wines & Luxury Development Group Partners with Ginevra Sotheby’s International Realty for Exclusive Vineyard Estate Lot Sales at Algodon Wine Estates



I am pleased to share that Algodon Wines & Luxury Development Group, Inc. has selected Ginevra Sotheby's International Realty to provide sales representation for our luxury residential development in the San Rafael, Mendoza wine region of Argentina.

Algodon Group will leverage Sotheby's International Realty brand and network with more than 18,000 sales associates located in 825 offices in 61 countries and territories worldwide, while utilizing the local expertise of Sotheby's International Realty recent partnership with Gnvgroup to form Ginevra Sotheby's International Realty. Ginevra Sotheby's International Realty is a leading luxury real estate firm in Buenos Aires, Argentina with listings in the most prestigious neighborhoods in the city of Buenos Aires and the rest of the country. Through Ginevra Sotheby’s International Realty’s website (ginevrasir.com), Algodon Wine Estates listings will be marketed on the sothebysrealty.com, to a global clientele.

Algodon Wine Estates is a 2,050 acre (830 ha) world-class wine, wellness, culinary and sport resort, and luxury real estate development, located in the rolling hills of the Sierra Pintada Mountains in San Rafael, Mendoza, Argentina. This wine and golf community is a global destination that includes approximately 400 lots ranging from .5 to 7 acres, with 109 lots from Phase 1 of the master plan currently available for private sale and development. Surrounded by the natural beauty of vineyards, fruit orchards and olive groves, many lots have pre-existing vines and groves, and a significant number of available Phase 1 lots are situated directly on the estate's 18-hole golf course, offering golf, vineyard and mountain views. The luxury destination is truly unique in the world, where residents can step right outside their front door onto the golf course and find themselves among meticulously manicured vines planted in the 1940s.

Recent momentum with the economic turnaround in Argentina was evidenced during the Argentina Business & Investment Forum held in September by President Mauricio Macri and the Argentina Investment and Trade Promotion Agency. The forum highlighted investment opportunities, attracted foreign direct investment and marked Argentina's historical return to international markets. Foreign direct investment pledges post the investment forum have totaled more than $32.5 billion with Siemens & GE committing to over $15 billion in combined infrastructure projects in 2016.

In the wake of Argentina's recent economic reforms, the Buenos Aires Herold reports that the city's real estate market has experienced its strongest monthly growth in sales since the inauguration of President Mauricio Macri. Real estate transactions in August were up 43.9% for the same month last year, and up 18.4% from July. Experts believe that a key factor in a successfully booming real estate cycle may be linked to the increased use of mortgages, which is on the rise in Argentina.

The Argentine real estate market is traditionally notable for its all cash transactions, and Algodon Wine Estates is one of the few real estate developments in the country that offers financing.

We couldn't think of a better partner to market our luxury vineyard estates other than Ginevra Sotheby's International Realty with Mercedes Ginevra´s great team in Buenos Aires. We anticipate the Sotheby's International Realty brand and their global expertise in the luxury real estate market may further open the door for our world-renowned property to potential global buyers. Now wine lovers can buy Argentina vineyard real estate at our luxury residential development, and build a custom luxury home on a private vineyard, golf or equestrian estate while enjoying the privilege of world-class wine production. Mendoza vineyards for sale outmatch international peers in affordability, value, and potential property appreciation.

Click here to read our press release.

- Scott Mathis

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