Añelo Central — Edificio 2
Añelo, Neuquén, Argentina
Edificio 1 is 100% occupied — Edificio 2 replicates the proven model
Investment Overview
Project Description
A multi-unit residential building in Añelo, the operational hub of Vaca Muerta — Argentina's booming shale oil basin. Edificio 1 (same developer, same location) is already built, 100% leased to IDERO on a 5-year corporate contract, and generating rental income. Edificio 2 replicates the same proven model.
Entry at $48,000 per unit with a projected 15% net annual return in USD. Subscription closes April 2026.
Photos
Investment Highlights
- ✦Edificio 1 already built and 100% occupied — proven demand
- ✦Corporate oil company tenant (IDERO) on 5-year lease
- ✦Vaca Muerta production hit record 610,000 bbl/day in January 2026 (+32% YoY)
- ✦Chronic housing deficit in Añelo — workers commute 1–2 hours from Neuquén capital
- ✦USD-indexed lease terms mitigate currency risk
- ✦Fideicomiso structure ring-fences investor capital by law
- ✦Fiduciario: Víctor Carreño (ex-IRSA, WoLift — institutional track record)
Return Scenarios
| Scenario | Investment | Annual Income | Monthly | 5-Year Return | 5-Year ROI |
|---|---|---|---|---|---|
| 1 Unit | $48,000 | $7,200 | $600 | $36,000 | 75% |
| 2 Units | $96,000 | $14,400 | $1,200 | $72,000 | 75% |
| 4 Units | $192,000 | $28,800 | $2,400 | $144,000 | 75% |
Based on 15% net annual USD return over 5-year lease term. Projected estimates — not guaranteed.
Location & Market Context
Añelo is the operational hub of Vaca Muerta — the world's second-largest shale gas reserve and fourth-largest shale oil reserve. YPF, Chevron, Shell, and Total all operate here, creating massive and sustained demand for worker housing.
The town faces a chronic housing deficit: oil company workers currently commute 1–2 hours from Neuquén capital due to lack of local accommodation. Corporate employers actively seek long-term housing solutions to retain skilled workers — making Edificio 2's corporate lease structure highly defensible.
Developer & Track Record
Daniel Oks — Oxford-trained economist turned real estate developer. 20 years building across Argentina and Uruguay.
Key People
Economist (UBA), Masters from LSE, PhD in Macroeconomics from Oxford. Spent 15 years at the World Bank with responsibilities across Eastern Europe and Latin America. Since 2006, founder of Desur — developing residential, land, and commercial real estate projects across Argentina and Uruguay.
Formerly at IRSA — Argentina's largest publicly listed real estate company. Also ex-WoLift. Institutional experience structuring and administering Argentine fideicomisos.
Project Track Record
100% occupied on a 5-year corporate lease to IDERO (oil services). Currently generating rental income. Direct proof of concept for Edificio 2.
Office and commercial spaces in Añelo totalling 7,000m². LEED-quality architecture in a privileged residential location. Demonstrated Desur's ability to execute in the Vaca Muerta market.
Golf and country club community in Rocha, Uruguay. Part of Desur's broader portfolio of large-scale gated and nature-integrated residential communities.
Country club community in Buenos Aires province. One of several 2,000+ hectare projects developed by Desur focused on low-impact, high-quality natural living environments.
Due Diligence Checklist
- ✓Developer: Oxford PhD economist with 15 years at the World Bank
- ✓Desur: 20+ years of real estate development across Argentina and Uruguay
- ✓Edificio 1 track record — built, leased, income-generating in same location
- ✓Fideicomiso structure — investor capital ring-fenced by Argentine trust law
- ✓Fiduciario (Víctor Carreño) with institutional IRSA background
- ✓Corporate tenant (IDERO) on 5-year lease — not reliant on individual renters
- ✓Vetted and presented by Pozzo Advisory
⚠ Risk Considerations
We present risks alongside opportunities. Informed investors make better decisions.
- ▸Rents paid in pesos, converted via MEP dollar (FX conversion risk)
- ▸Single tenant concentration (mitigated by housing demand exceeding supply)
- ▸Añelo real estate is less liquid than Buenos Aires (mitigated by low entry price)
- ▸Fiduciario is persona física, not an institutional entity
Express Interest
Añelo Central — Edificio 2