Pablo R. Kiesel pkiesel@raghsa.com.ar
Presentation Overview of the company Market evolution of office buildings in Buenos Aires Construction business going forward RAGHSA s vision Green/Sustainable buildings in Argentina Conclusion
Overview of the company With more than thirty years of experience in real estate development, RAGHSA constructs quality projects and establishes building trends. We focus in office buildings and residential tower.
Our Track Record Completed Projects: 155.000 m2 of A Class Office in Buenos Aires, Argentina 153.000 m2 of Residential Buildings in Buenos Aires, Argentina 308.000 m2 completed Current Projects (Under construction) 131.000 m2 of A Class Office in Buenos Aires, Argentina 125.000 m2 of Residential Buildings in Buenos Aires, Argentina and Punta del Este, Uruguay 256.000 m2 being built
Company s business: Le Parc Residential Buildings Premium locations High-rise Buildings River and city views Amenities High-end materials Highest quality finishes (include VAV, HVAC, Double-Pane high-performance insulated glass)
Le Parc Residential Tower Palermo
Le Parc Puerto Madero
Le Parc Figueroa Alcorta
Le Parc Punta del Este
Company s Business: A Class Office Sold
Company s Business: A Class Office For rent
Market evolution of Office Buildings in Buenos Aires Area: 4200 km2 km2 Stock: Inhabitants: 450.000 3.000.000 m2 Catalinas Political Center : 80.000 m2 Puerto Financial Madero: Center140.000 m2 Plaza Economical San Martín: Center20.000 m2 Plaza Roma: 130.000 m2 Microcentro: 80.000 m2
Prices Vacancy New Stock - Absoption 38 36 34 32 30 28 26 24 22 20 18 16 14 12 10 8 6 4 2 0 Rental Rental - vacancy Vacancy 2002 2003 2004 2005 2006 2007 2008 2009 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% 140.000 120.000 100.000 80.000 60.000 40.000 20.000 - New Stock New Stock - Absorption Absorption 2002 2003 2004 2005 2006 2007 2008 2009
Minimal request for A Class Office in Argentina Location Raised Technical Floor Fire detection and warning, sprinklers and pressurized stairways Access Control and Security Parking spaces: 1 space / 100 m2 Air conditioning system (VAV o VRV) Double-Pane high-performance insulated glass Generating set for electric supply High speed elevators Suspended ceilings
Construction going forward Competitive market Sophisticated consumer Efficient office buildings Reducing operating expenses Rational use of resources Sustainable (green) building
RAGHSA s vision ISO: Coordinate, simplificate and align procedures and methodologies for standardization and cost reduction NFPA: Minimal request for fire prevention LEED or EPBD: Minimal request for new constructions
Madero Office First Building in Argentina to pre-certificate LEED Core and Shell 2.0
Madero Office November 7, 2008 January 23, 2009
Madero Office March 6, 2009 April 30, 2009
Madero Office May 14, 2009 June 26, 2009
Madero Office July 12, 2009 September 11, 2009
Madero Office October 2, 2009 October 2, 2009
Madero Office November
Green/Sustainable Building: Why in Argentina? Corporate Social Responsibility Improves asset valuation Marketing Efficient use of scarce resources Reduce environmental impact of construction materials Improves work environment for office tenants Construction quality Ultimate Technology applied to the project Efficient project Differentiation Comparative Advantage
Green Building: Challenges for innovation in Argentina Our experience Over cost of 7% because of: LEED s advisers Commissioning Construction of extra SQM Architecture design align to LEED s request Technology applied to align LEED s request Authorized materials Capacitating HR for LEED s Health & Safety
Conclusion Starting to align to new construction s trends Private Investment Awareness for the rational use of resources Green/Sustainable buildings
Wielen Danke