Government auctions unusual plot in Buenos Aires's new luxury triangle | La Nación (AR)

In a move reflecting the government's policy of divesting state assets, Argentina is set to auction a unique piece of real estate in what is rapidly becoming Buenos Aires's most exclusive luxury district. The plot, a long, narrow strip adjacent to the San Martín train line on Avenida del Libertador, presents an unconventional offering in the market.

Located in the burgeoning 'triángulo del lujo porteño,' the land's strategic position is undeniable. It sits near high-end projects like L'Avenue Libertador, designed by the late Zaha Hadid, and other luxury developments. This prime location is expected to draw significant interest from developers, despite the land's irregular shape, which poses unique architectural challenges and opportunities.

The sale is part of a broader initiative by the Javier Milei administration to sell off state-owned properties. The government anticipates raising at least US$40 million from the sale of ten properties across the country, with this particular plot in Palermo being one of the most anticipated assets. The unusual nature of the land, however, raises questions about its potential use and the type of buyer it will attract, adding an element of intrigue to the upcoming auction.