The National Commercial Court No. 28 in Buenos Aires has ordered a call for improved offers in the bankruptcy of Austral Construcciones S.A., concerning the sale of a property located in Río Gallegos, Santa Cruz province. The court's ruling was issued in the case file 'Austral Construcciones S.A. s/ bankruptcy s/ sale of real estate, titles 34015 and 34016 in Río Gallegos, Santa Cruz province'. The measure was adopted in response to an offer of $200,000 presented by the firm Brandt S.A.S. for the acquisition of 100% of the property identified as Fraction 201. The plot of land, with an area of 7 hectares, 66 areas, and 51 centiareas, is easily identifiable, and the buyer is deemed to be aware of the property without the possibility of claims for discrepancies in numbering, data, or surface area, which are considered estimates. The buyer must also respect any easements or rights registered in the title deed. Offers must be submitted in duplicate in a sealed envelope to the court's registry at Montevideo 546, third floor, Buenos Aires, by March 19, 2026, at 13:30. The hearing for opening envelopes and improving offers will be held on March 26, 2026, at 10:00, or the next business day if the date is a non-business day. The terms of the procedure can be consulted on the website of the National Judicial Power, and the submission of offers implies acceptance of the established terms.
Buenos Aires Court Orders Improved Offers for Bankrupt Property
The National Commercial Court No. 28 in Buenos Aires has ordered a call for improved offers in the bankruptcy of Austral Construcciones S.A., concerning the sale of a large property in Río Gallegos. The initial offer of $200,000 from Brandt S.A.S. can be improved until March 19, 2026.