- Business
- Raghsa SA is a real estate development, investment, and asset management company that develops, acquires, leases, and manages premium commercial office properties and luxury residential towers. Founded in 1969 and headquartered in Buenos Aires, Argentina, the company operates primarily across prime business districts and affluent residential corridors in the Buenos Aires Metropolitan Area, with selective cross-border property investments and holdings in Punta del Este, Uruguay, and New York City, United States. Raghsa SA conducts its activities through two principal operating segments: Commercial Real Estate and Residential Real Estate. Its core products and services include the development, long-term leasing, and facility management of Class AAA, LEED-certified corporate office towers, including landmark developments such as Centro Empresarial Libertador, Centro Empresarial Núñez, Madero Office, 955 Belgrano Office, Madero Riverside, Plaza San Martín, and San Martín 344; the development and marketing of high-end luxury residential towers, notably under its signature Le Parc brand, including Le Parc Residential Tower, Le Parc Puerto Madero, Le Parc Figueroa Alcorta, and Le Parc Punta del Este; commercial lease administration and tenant advisory services; master-planned corporate space configuration; and property operations management tailored to multinational corporations, premier financial institutions, and high-net-worth individuals. In recent company developments, Raghsa SA completed its Initial Public Offering and listed its Class A shares on the Bolsas y Mercados Argentinos under the ticker symbol RAGH in July 2025 to optimize its capital structure and finance property expansions. In May 2025, the company secured a comprehensive single-tenant lease agreement with JPMorgan Chase for the entire 50,000-square-meter Centro Empresarial Núñez complex. In August 2025, Raghsa SA expanded its international portfolio through the 205 million US dollar acquisition of a prime commercial office building in Manhattan's Chelsea district in New York. In December 2025, the company acquired a 5,800-square-meter parcel on Avenida del Libertador 7055 in Buenos Aires for 73 million US dollars, adding approximately 75,500 square meters of buildable corporate capacity, following its acquisition of a strategic development site at Avenida del Libertador and Manuela Pedraza for a projected 160 million US dollar premium office tower. In addition, Moody's Ratings upgraded Raghsa SA's Corporate Family Rating and senior unsecured notes to B2 with a stable outlook in mid-2025, reflecting solid occupancy metrics, steady rental revenue generation, and an improved credit profile.