EX-99.1 8 cresud_ex991.htm SUMMARY OF INVESTMENT PROPERTIES BY TYPE AS OF JUNE 30, 2024 (IN ACCORDANCE WITH REGULATION S-X 12-28 (1)). cresud_ex991.htm

 

Exhibit 99.1

Schedule I

 

The following is a summary of the Group’s investment properties as of June 30, 2024 prepared in accordance with SEC Regulation S-X 12-28 (all amounts are in millions of Argentine Pesos):

 

Initial Costs

 

Subsequent Costs

 

Costs at the end of the year

 

 

 

 

 

 

 

 

 

 

 

 

Encumbrances

 

Plot of land (**)

 

Buildings, facilities and improvement (**)

 

Improvements / Additions / Disposals / Transfers (**)

 

Plot of land (**)

 

Buildings, facilities and improvements (**)

 

Total (**)

 

Capitalized cost, net (**)

 

Fair Value adjustments

 

Fair value at the end of the year (*)

 

Date of construction

 

Date of acquisition

Shopping malls:

 

 

Abasto

-

3,760

97,808

7,622

3,760

105,430

109,190

24

 

(19,178)

 

90,036

nov-98

jul-94

Alto Palermo Shopping

-

14,443

157,665

81,333

14,443

238,998

253,441

27

 

(145,034)

 

108,434

oct-90

nov-97

Alto Avellaneda

-

6,689

64,466

21,405

6,689

85,871

92,560

47

 

(22,432)

 

70,175

oct-95

dec-97

Alcorta Shopping

-

4,043

45,280

15,406

4,043

60,686

64,729

17

 

4,015

 

68,761

jun-92

jun-97

Alto Noa

-

138

17,008

4,827

138

21,835

21,973

4

 

(6,198)

 

15,779

sep-94

mar-95

Patio Bullrich

-

3,244

59,548

7,489

3,244

67,037

70,281

(3)

 

(38,485)

 

31,793

sep-88

oct-98

Alto Rosario

-

14,551

7,159

19,788

14,551

26,947

41,498

9

 

22,078

 

63,585

nov-04

nov-04

Mendoza Plaza

-

4,060

28,939

20,975

4,060

49,914

53,974

(44)

 

(28,486)

 

25,444

jun-94

dec-94

Dot Baires Shopping

-

12,405

9,029

90,926

12,405

99,955

112,360

51

 

(36,226)

 

76,185

may-09

nov-06

Córdoba Shopping

Antichresis

1,483

26,556

6,310

1,483

32,866

34,349

8

 

(14,863)

 

19,494

mar-90

dec-06

Distrito Arcos

-

-

-

42,226

-

42,226

42,226

15

 

(3,467)

 

38,774

nov-09

nov-09

Alto Comahue

-

1,009

2,856

46,921

1,009

49,777

50,786

-

 

(23,945)

 

26,841

may-06

may-06

Patio Olmos

-

3,058

5,694

20

3,058

5,714

8,772

(5)

 

2,711

 

11,478

may-95

sep-07

Soleil Premium Outlet

-

3,268

11,014

11,252

3,268

22,266

25,534

149

 

8,066

 

33,749

jul-10

jul-10

Others

-

-

663

-

-

663

663

-

 

4,793

 

5,456

n/a

n/a

Shopping malls

72,151

533,685

376,500

72,151

910,185

982,336

299

 

(296,651)

 

685,984

 

 
1

 

 

Schedule I (Continued)

 

Initial Costs

 

Subsequent Costs

 

Costs at the end of the year

 

 

 

 

 

 

 

 

 

 

 

 

Encumbrances

 

Plot of land (**)

 

Buildings, facilities and improvement (**)

 

Improvements / Additions / Disposals / Transfers (**)

 

Plot of land (**)

 

Buildings, facilities and improvements (**)

 

Total (**)

 

Capitalized cost, net (**)

 

Fair Value adjustments

 

Fair value at the end of the year (*)

 

Date of construction

 

Date of acquisition

Office and other rental properties:

 

 

Abasto Offices

 -  

 -  

 -  

 1,997

 -  

 1,997

 1,997

 -

 

2,364

 

 4,361

mar-13

jul-94

Zetta building

 -  

 8,471

 -  

 67,033

 8,471

 67,033

 75,504

471

 

83,281

 

 159,256

dec-18

dec-18

Dot building

 -  

 2,809

 903

 37,361

 2,809

 38,264

 41,073

(100)

 

11,640

 

 52,613

sep-10

nov-06

Bouchard Plaza 551

 -  

 1,330

 791

 -  

 1,330

 791

 2,121

 -

 

3,044

 

 5,165

-

mar-07

Others

 -  

 1,005

 3,252

1,064

 1,005

 4,316

 5,321

 -

 

3,107

 

 8,428

n/a

n/a

Beruti 3330 paseo del sol

 -  

 -  

 1,857

 1,814

 -  

 3,671

 3,671

 -

 

(1,567)

 

 2,104

-

may-22

Intercontinental Plaza building

 -  

 771

 10,795

 3,894

 771

 14,689

 15,460

(12)

 

(2,026)

 

 13,422

jun-96

dec-14

Bank Boston Tower

 -  

 1,710

 1,383

 -  

 1,710

 1,383

 3,093

(7)

 

(1,119)

 

 1,967

dec-14

dec-14

Phillips building

 -  

 -  

 26,636

 974

 -  

 27,610

 27,610

14

 

5,523

 

 33,147

jun-17

jun-17

Catalinas building

 -  

 14,913

 -  

 11,766

 14,913

 11,766

 26,679

 79

 

 11,581

 

 38,339

-

dec-20

Office and other rental properties

31,009

45,617

125,903

31,009

171,520

202,529

445

 

115,828

 

318,802

 

 
2

 

 

Schedule I (Continued)

 

Initial Costs

 

Subsequent Costs

 

Costs at the end of the year

 

 

 

 

 

 

 

 

 

 

 

 

Encumbrances

 

Plot of land (**)

 

Buildings, facilities and improvement (**)

 

Improvements / Additions / Disposals / Transfers (**)

 

Plot of land (**)

 

Buildings, facilities and improvements (**)

 

Total (**)

 

Capitalized cost, net (**)

 

Fair Value adjustments

 

Fair value at the end of the year (*)

 

Date of construction

 

Date of acquisition

Undeveloped parcels of land

 

 

Building annexed to Dot

-

13,036

-

-

13,036

-

13,036

-

 

29,404

 

42,440

-

nov-06

Luján plot of land

-

6,626

-

694

6,626

694

7,320

-

 

4,143

 

11,463

-

may-12

Caballito –Ferro plot of land

-

14,342

-

4,075

14,342

4,075

18,417

-

 

24,115

 

42,532

-

nov-97

Annexed to Dot plot of land

-

121

-

-

121

-

121

-

 

26

 

147

-

feb-17

Mendoza plot of land

-

214

-

-

214

-

214

-

 

(27)

 

187

-

dec-16

Intercontinental plot of land Tower B

-

6,565

-

10,532

6,565

10,532

17,097

-

 

(7,592)

 

9,505

-

dec-14

Mendoza Av Este 2992 plot of land

-

-

-

1,321

-

1,321

1,321

-

 

(10)

 

1,311

-

mar-18

La Plata plot of land

-

7,355

-

1,813

7,355

1,813

9,168

-

 

(3,152)

 

6,016

-

mar-18

Alto Palermo Shopping - buildable potential

-

-

-

-

-

-

-

-

 

15,327

 

15,327

-

nov-97

Patio Bullrich - buildable potential

-

-

-

-

-

-

-

-

 

14,058

 

14,058

-

oct-98

Alto Rosario - buildable potential

-

-

-

-

-

-

-

-

 

5,158

 

5,158

-

nov-04

Cordoba Shopping - buildable potential

-

-

-

-

-

-

-

-

 

2,785

 

2,785

-

dec-06

Beruti N° 3345/47 corner Coronel Diaz 2110/20

-

-

20,223

-

-

20,223

20,223

-

 

(8,142)

 

12,081

-

jun-22

Ramblas del Plata - CABA (Ex Costa Urbana)

-

61,293

5,011

10,442

61,293

15,453

76,746

7

 

408,659

 

485,412

-

may-07

Pilar

-

395

-

-

395

-

395

-

 

1,345

 

1,740

-

jun-14

Pontevedra

-

538

-

-

538

-

538

-

 

778

 

1,316

-

feb-98

SAN LUIS plot of land

-

188

-

-

188

-

188

-

 

114

 

302

-

mar-08

La Plata CELAP plot of land

-

-

-

-

-

-

-

-

 

9,753

 

9,753

-

mar-18

Paseo Colon 245 Building

-

-

7,001

-

-

7,001

7,001

-

 

(588)

 

6,413

-

may-23

Paseo Colon 275 Parking

-

-

156

-

-

156

156

-

 

84

 

240

-

may-23

Córdoba

-

617

-

-

617

-

617

-

 

1,433

 

2,050

-

may-15

Mendoza banderas de los andes 3027 plot of land

-

129

-

-

129

-

129

-

 

495

 

624

-

abr-23

CONIL - Güemes 902 - Mz 99  / Avellaneda

-

211

-

-

211

-

211

-

 

360

 

571

-

jun-96

Neuquén - Parcel

-

1,571

-

-

1,571

-

1,571

-

 

4,943

 

6,514

-

jul-99

Av Córdoba 633/637 Building

-

-

736

-

-

736

736

-

 

263

 

999

-

jul-23

Undeveloped parcels of land

113,201

33,127

28,877

113,201

62,004

175,205

7

 

503,732

 

678,944

 

 
3

 

 

 Schedule I (Continued)

 

Initial Costs

 

Subsequent Costs

 

Costs at the end of the year

 

 

 

 

 

 

 

 

 

 

 

 

Encumbrances

 

Plot of land (**)

 

Buildings, facilities and improvement (**)

 

Improvements / Additions / Disposals / Transfers (**)

 

Plot of land (**)

 

Buildings, facilities and improvements (**)

 

Total (**)

 

Capitalized cost, net (**)

 

Fair Value adjustments

 

Fair value at the end of the year (*)

 

Date of construction

 

Date of acquisition

Properties under development

 

 

PH Office Park

-

-

-

421

-

421

421

-

 

45

 

466

in progress

-

Properties under development

-

-

421

-

421

421

-

 

45

 

466

Others

 

 

EH UT

-

-

-

2,039

-

2,039

2,039

-

 

(452)

 

1,587

-

sep-17

Others

-

-

2,039

-

2,039

2,039

-

 

(452)

 

1,587

Total

216,361

612,429

533,740

216,361

1,146,169

1,362,530

751

 

322,502

 

1,685,783

 

(*) For the reconciliation of the carrying amount and its variations during the years ended June 30, 2024 and 2023, except for our leased out farmland, please refer to note 9 to the Consolidated Financial Statements. For variations during the year ended June 30, 2022, except for our leased out farmland, please refer to note 9 to the Consolidated Financial Statements as of June 30, 2023.

 

(**) Restated for inflation as of June 30, 2024.

 

 
4