NEW YORK, NEW YORK (July 1, 2010) – Argentina Properties Sotheby’s International Realty and Algodon Wine Estates today announced their sales and marketing partnership for Algodon’s luxury vineyard estate homesites located in San Rafael, Mendoza, Argentina.
Algodon Wine Estates is an internationally award-winning, luxury vineyard living estate that features championship golf and tennis, a boutique winery and high-end resort amenities, along the Argentine Wine Route. Nestled in the foothills of the Sierra Pintada Mountains at the base of the snowcapped Andes, the estate also features 2,050 acres of vineyards, olive, fruit and nut orchards, natural reservoirs, and tree-lined roads.
The property is owned and operated by InvestProperty Group (IPG), a private investment and real estate development firm based in New York City, with affiliated offices in Buenos Aires and San Rafael, Argentina. IPG also owns and operates Algodon Mansion, a 1912 landmarked luxury hotel, located in the heart of Buenos Aires’ most elegant residential neighborhood, Recoleta. Fashioned in French Classical design, Algodon Mansion offers superior comforts in design, technology, and luxury amenities. Algodon Mansion’s highly anticipated Grand Opening is set for later this summer.
Scott Mathis, Chairman & Founder of IPG and Algodon Properties says; “Our sales partnership with Argentina Properties Sotheby’s International is an enormous opportunity for Algodon Properties, and our entire team is very excited about the potential impact of this partnership on the future sales of our vineyard estate homesites. Recent numbers show that 2010 real estate sales are up significantly in Mendoza, and we hope this trend proves advantageous to our project.”
Adriana Massa, Sales Manager for Argentina Properties Sotheby’s International Realty, agrees; “Algodon Wine Estates is certainly one of the best real estate developments of its kind in Mendoza, and the most mature. We feel that this project is one of distinction, and we are proud to represent it.”
IPG opens markets to qualified individual, accredited investors by pooling capital and forming financial partnerships that collectively empower these investors, thereby allowing individuals to invest as an institution and gain access to institutional deals. To date, IPG has raised over $35 million dollars for real estate projects in Argentina.
Scott L. Mathis
About Argentina Properties Sotheby’s International Realty:
In 2007, our firm was awarded an affiliation with the prestigious Sotheby’s International Realty® brand which was built on a 260-year reputation and foundation of excellence, and offers unparalleled access to the world’s most distinctive properties through its global affiliates. Our relationship with this premier brand affirms our commitment toward providing you a superior level of service, marketing and expertise in Argentina and around the world.
About Algodon Wine Estates:
Algodon Wine Estates invites you to live the winemaker’s dream on our remarkable Mendoza property, and enjoy your very own custom-designed luxury home and private vineyard estate. Residents can cultivate their favorite grape varietal and bottle personalized vintages that brandish their family crest or label. Available properties range from 2000 sq ft condominium inspired “casita townhomes” to 15-acre estancia-sized, productive vineyard estate homesites. Each customizable home will be designed in the French "Provence" style, emulating the architectural look and feel of a renovated upscale country manor or farmhouse-estate with a classic stone façade, as well as typical windows, shutters and balconies from that design style, and modern interior. Virtually every homesite features breathtaking mountain views, as well as access to the highest quality of amenities including 18 holes of championship golf that literally play through the vineyards and orchards. Other estate features include championship tennis, polo, a champions’ clubhouse, horse trails and pastures, spectacular tree-lined roads, natural water reserves, a world-class winery, and a community wine cellar where vineyard owners may store their bottles and barrels, sample their wines with friends and neighbors, and enjoy all the privileges of a privately owned label.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. This press release may contain certain statements of a forward-looking nature relating to future events or future business performance. Any such statements that refer to Algodon Wines & Luxury Development Group (Algodon Group) and its respective subsidiaries ("the Company") estimated or anticipated future results or other non-historical facts are forward-looking and reflect the Company's current perspective of existing trends and information. These statements involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements speak only as of the date set forth above. The Company undertakes no obligation to update publicly any forward-looking statement, whether because of new information, future events or otherwise.
Eric Stear, Corporate Communications & Marketing Manager
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