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Alto Palermo S.A. (APSA)At 11:12AM ET: 8.595  Down 0.63 (6.83%)  
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Alto Palermo S.A.
Moreno N 877
22nd Floor
Buenos Aires,  1091
Argentina - Map
Phone: 54 11 4344 4600
Fax: 54 11 4344 4747
Web Site: http://www.apsacc.com.ar

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Property Management
Full Time Employees:N/A

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. Alto Palermo S.A. is a subsidiary of IRSA Inversiones y Representaciones Sociedad Anonima. Alto Palermo S.A. operates as a subsidiary of IRSA Investments and Representations Inc.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Mr. Alejandro G. Elsztain , 43
    Exec. Vice Chairman, Chief Exec. Officer and Member of Exec. Committee
    N/A N/A
    Mr. Gabriel Blasi , 49
    Chief Financial Officer
    N/A N/A
    Mr. Daniel Ricardo Elsztain , 37
    Chief Commercial Officer
    N/A N/A
    Mr. David A. Perednik , 52
    Chief Admin. Officer and Alternate Director
    N/A N/A
    Dollar 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.


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