Raghsa
Raghsa S.A. is an Argentine real estate developer founded in 1969 that builds and leases premium Le Parc residential towers and AAA corporate office buildings in Buenos Aires, with additional premium residential properties in New York and Punta del Este.
- Company typePublic
- Founded1969
- HeadquartersBuenos Aires, Argentina
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Raghsa does
Raghsa S.A. is a Buenos Aires-based real estate development company founded in 1969, focused on premium residential towers under the Le Parc brand and AAA-grade corporate office buildings. As of 2025 it controls approximately 115,000 m² of leasable office space across four buildings — primarily Centro Empresarial Libertador (100,000 m², 100% leased) and Centro Empresarial Núñez (50,000 m², fully pre-leased to JP Morgan) — and reports 98-99% portfolio occupancy versus a Buenos Aires Class A+ vacancy rate of 15.7%. Residential operations span Le Parc towers in Palermo, Puerto Madero, and Punta del Este, plus two Manhattan properties including One Union Square South and a newly acquired 11-story Chelsea building purchased for US$205 million in 2025. All new office developments are built to LEED standards, with Centro Empresarial Núñez initiating Argentina's first WELL certification, and revenue is generated through long-term corporate leases, premium residential rentals, and one-time development sales. The company completed its IPO on Bolsas y Mercados Argentinos (BYMA) under ticker RAGH on July 8, 2025, with Latin Securities as lead underwriter; the Khafif family retains controlling ownership post-IPO. Raghsa holds a Moody's B2 rating with stable outlook and US$123 million in cash and marketable securities as of May 31, 2025, with no significant debt maturities before 2027, supporting a stated pipeline of further AAA office development on the Núñez/Libertador corridor.
Raghsa firmographics
Firmographics- Name
- Raghsa
- Legal name
- Raghsa S.A.
- Website
- https://raghsa.com.ar
- Company type
- Public
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Raghsa S.A. is an Argentine real estate developer founded in 1969 that builds and leases premium Le Parc residential towers and AAA corporate office buildings in Buenos Aires, with additional premium residential properties in New York and Punta del Este.
- Ownership category
- akta.pro rank
Where Raghsa is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Argentina
- HQ region
- Latin America
Offices9 records
Markets served
Raghsa business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Office Building Rental Income: Raghsa generates recurring rental income from its portfolio of AAA corporate office buildings in Buenos Aires. The company leases office space to large enterprises including multinational corporations, with buildings like Centro Empresarial Libertador achieving near-full occupancy.
- Real Estate Development Sales: Revenue from selling developed residential properties (Le Parc brand) and office buildings (like Plaza San Martín Building). Some projects are sold 100% while others are held for rental income.
- International Property Operations: Rental income from international properties including One Union Square South in New York (premium residential rental building) and a recently acquired 11-story building in Chelsea, Manhattan.
- Negotiable Obligations: Raghsa has issued multiple classes of negotiable obligations (Class IV through VII) denominated in USD, raised through Argentine and international capital markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | AAA Office Space Rental |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Raghsa product offering
Product offeringCore offering
Raghsa develops, owns, and leases AAA-grade corporate office buildings in Buenos Aires (and select New York assets) and develops premium luxury residential towers marketed under the Le Parc brand. Revenue is generated through long-term office leases with corporate tenants, residential unit sales, and integrated property management services across its owned portfolio.
Product overview
Raghsa is a real estate development company offering a portfolio of AAA-class corporate office buildings for lease and premium residential towers under the Le Parc brand. The company's core products include office complexes such as Centro Empresarial Libertador and Centro Empresarial Núñez, complemented by residential developments like Le Parc towers in Buenos Aires, Punta del Este, and New York. The offering also includes property management services and the Raghsa Experience tenant program that enhances the user experience in corporate buildings through events, wellness activities, and amenities.
Differentiator
Problem solved
Functional benefit
Brands
- Le Parc: Premium residential tower brand developed by Raghsa, featuring luxury apartments with extensive amenities including pools, gardens, and high-end services. Projects include Le Parc Alcorta, Le Parc Madero, Le Parc Punta del Este (multiple towers), and Le Parc Residential.
Products and services
- Centro Empresarial Libertador
- Plaza San Martin Office Building
- Raghsa AAA Office Portfolio
- Le Parc Tower Puerto Madero
- Le Parc Residential Brand
- Property Management Services
Quantifiable outcome
- 99% portfolio occupancy rate, well above market average
- +4 more outcomes
Companies that use Raghsa
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles2 records
Raghsa technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Raghsa partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CBREmajorCBRE Argentina and Chile brokered the landmark JP Morgan lease for Centro Empresarial Núñez, described as the most important corporate office transaction in Argentina in 20 years. CBRE President Nicolás Cox commented on the deal.
Scale indicators19 records
Recent moves7 records
Expansion highlights5 records
Raghsa competitors and assessment
Company assessmentDirect peers
- Consultatio: Argentine luxury developer behind premium residential (Puente de la Mujer area, Nordelta-adjacent projects) and select office product in Buenos Aires. Comparable to Raghsa's high-end Le Parc residential brand and AAA office orientation.
- Faena Group: Argentine-rooted luxury hospitality and residential developer (Faena Miami, Faena Buenos Aires). Comparable on luxury brand positioning and the residential/hospitality crossover in Buenos Aires and Miami.
- TGLT: Buenos Aires-headquartered real estate developer with a focus on premium urban residential projects in CABA. Comparable to Raghsa's Le Parc luxury vertical on product type, though with less office exposure.
- IRSA Propiedades Comerciales: Argentina's largest publicly traded commercial real estate company, owner of premium office buildings (e.g., Bouchard Plaza, Torre Catalinas) and shopping centers in Buenos Aires. Most direct comparable to Raghsa's AAA office portfolio in terms of product, geography and tenant base.
Others
- CBRE Group: Global commercial real estate services firm that brokered Raghsa's landmark JP Morgan lease via CBRE Argentina. Relevant as both a transaction counterparty and benchmark for leasing economics in the region.
Regional players
- Fibra Uno (FUNO): Mexico's largest diversified REIT with industrial, retail and office assets. Comparable on Latin American listed real estate exposure, scale, and capital-markets access.
- Parque Arauco S.A. Chilean real estate operator of shopping centers, offices and hotels across Chile, Peru and Colombia. Comparable as a Latin American premium commercial real estate platform with diversified asset base.
Broad incumbents
- SL Green Realty Corp. Manhattan's largest office landlord with a portfolio of premier Class A office towers. Relevant comparable for Raghsa's emerging NYC presence and benchmark for AAA office operating metrics.
- Empire State Realty Trust: NYC-focused REIT operating the Empire State Building and other Class A office and retail assets. Useful comparable for premium urban office and selective residential exposure.
- Vornado Realty Trust: NYC-focused REIT concentrated in trophy office assets (Penn District, Times Square). Comparable on premium urban office portfolio management and tenant mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Raghsa social profiles
Digital presenceRaghsa compliance and trust
Trust signalCompliance5 records
Raghsa financial estimates
Financial estimateRevenue estimate
Valuation estimate
Raghsa leadership team
Management profileNumber of profiles
Profiles10 records
Raghsa subsidiaries and ownership
Company hierarchySubsidiaries1 record
Raghsa funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Raghsa M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Raghsa
What does Raghsa do?
Raghsa develops, owns, and leases AAA-grade corporate office buildings in Buenos Aires (and select New York assets) and develops premium luxury residential towers marketed under the Le Parc brand. Revenue is generated through long-term office leases with corporate tenants, residential unit sales, and integrated property management services across its owned portfolio.
Is Raghsa a public or private company?
Raghsa is a public company. It is classified as public and is currently operating.
When was Raghsa founded?
Raghsa was founded in 1969. It employs 11 to 50 people.
Where is Raghsa based?
Raghsa is headquartered in Buenos Aires, Argentina, in the Latin America region.
How does Raghsa make money?
Four revenue lines are on record. Office Building Rental Income is the primary driver. The others are real Estate Development Sales, international Property Operations and negotiable Obligations.
Who are Raghsa's main competitors?
Direct peers on record are Consultatio, Faena Group, TGLT and IRSA Propiedades Comerciales. CBRE Group is listed as an others. Regional players are Fibra Uno (FUNO) and Parque Arauco S.A.. Broad incumbents are SL Green Realty Corp., Empire State Realty Trust and Vornado Realty Trust.
Does Raghsa have an API?
No public API is recorded for Raghsa.