Continental Urbana Sociedad Anónima Inversora (BASE:COUR) agreed to acquire Shopping Neuquen S.A. from IRSA Investments and Representations Inc. (BASE:IRSA) on February 28, 2014. Under the terms, Continental Urbana Sociedad Anónima Inversora will acquire a land parcel in City of Neuquen for an investment of $1.8 million, which includes the acquisition of the lot, the right of entry to that venture and the reinstatement of works. Continental Urbana Sociedad Anónima Inversora will finance this investment through a loan of $0.9 million from Banco Santander. The deal has been approved by Board of Directors of Continental Urbana Sociedad Anónima Inversora.

Continental Urbana Sociedad Anónima Inversora (BASE:COUR) completed the acquisition of Shopping Neuquen S.A. from IRSA Investments and Representations Inc. (BASE:IRSA) on April 11, 2014.