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    Alto Palermo S.A. (APSA)

    20.51 Down 0.64(3.03%) Dec 19, 3:01PM EST
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    Alto Palermo S.A.
    Moreno 877
    22nd Floor
    Buenos Aires, C1091AAQ
    Argentina - Map
    Phone: 54 11 4323 7449
    Website: http://www.apsacc.com.ar

    Index Membership:N/A
    Industry:Property Management
    Full Time Employees:872

    Business Summary 

    Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires. The company offers leases to retail tenants in its ten shopping centers; administration and maintenance of common areas; administration of contributions made by tenants to finance promotional efforts for the shopping centers; and parking lot services for visitors. The company also offers credit card consumer finance service, through the issuance of its Tarjeta Shopping and Tarjeta Shopping Metroshop credit cards, for consumers at shopping centers, hypermarkets, and street stores. It also engages in the development and sale of residential properties, and acquisition and sale of undeveloped parcels of land for future development. In addition, it engages in the development of condominiums associated with its shopping centers. The company was founded in 1889 and is headquartered in Buenos Aires, Argentina.

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    Key Executives 
    Mr. Alejandro Gustavo Elsztain , 48
    Exec. Vice Chairman, Chief Exec. Officer, Chief Gen. Officer and Member of Exec. Committee
    Mr. Saul Zang , 69
    Vice Chairman, Acting Pres and Member of Exec. Committee
    Mr. Matias Ivan Gaivironsky , 38
    Chief Financial Officer
    Mr. Daniel Ricardo Elsztain , 42
    Chief Operating Officer and Director
    Mr. David Alberto Perednik , 57
    Chief Admin. Officer
    Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.