Añelo Central — Full Module
Añelo, Neuquén, Argentina
Full control — sole fiduciario of a Vaca Muerta housing asset
Investment Overview
Project Description
For qualified investors seeking full control over a Vaca Muerta housing asset. The full module acquisition positions the investor as sole fiduciario of the fideicomiso, with complete ownership and decision-making authority.
Up to 3 modules can be individually titled on separate lots. Same location and demand drivers as the individual unit deal — Añelo's chronic housing deficit and corporate oil company tenants provide the income base. Pricing and detailed return projections available upon request.
Photos
Investment Highlights
- ✦Full control — investor is sole fiduciario, not a passive participant
- ✦Up to 3 modules can be independently titled (portfolio flexibility)
- ✦Same proven market as Edificio 1 and Edificio 2
- ✦Corporate oil company tenants on long-term leases
- ✦Vaca Muerta projected to reach 1M+ bbl/day by 2027
- ✦Argentina's RIGI regime provides regulatory certainty for energy-adjacent investments
- ✦$3B Vaca Muerta Oil Sur pipeline under construction — infrastructure boom
Location & Market Context
Same location and demand fundamentals as Edificio 2 — see Añelo's housing context. For the full module investor, the strategic differentiation is structural: rather than participating as one of several investors in a fideicomiso, the sole fiduciario holds full legal and operational control over the asset.
Argentina's RIGI (Régimen de Incentivo para Grandes Inversiones) provides regulatory certainty for large investments in energy-adjacent sectors. The $3B Vaca Muerta Oil Sur pipeline, currently under construction, will further cement Añelo's position as the region's operational hub through 2030.
Developer & Track Record
Daniel Oks — Oxford-trained economist, 20 years of real estate development. Same developer and fiduciario as Edificio 1 & 2.
Key People
Economist (UBA), Masters from LSE, PhD in Macroeconomics from Oxford. 15 years at the World Bank across Eastern Europe and Latin America. Since 2006, founder of Desur — developing residential, land, and commercial real estate across Argentina and Uruguay.
Formerly at IRSA — Argentina's largest publicly listed real estate company. Also ex-WoLift. Institutional experience structuring Argentine fideicomisos.
Project Track Record
100% occupied on a 5-year corporate lease to IDERO. Currently generating rental income — direct proof of concept for the full module deal.
Foundation underway. Subscription closing April 2026. Same model as Edificio 1.
7,000m² of LEED-quality office and commercial space in Añelo — Desur's first Vaca Muerta projects, demonstrating execution capability in this market.
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
- ✓Sole fiduciario structure — investor holds full legal and operational control
- ✓Fideicomiso structure — capital ring-fenced by Argentine trust law
- ✓Fiduciario (Víctor Carreño) with institutional IRSA background
- ✓Edificio 1 track record — built, leased, income-generating
- ✓Vetted and presented by Pozzo Advisory
⚠ Risk Considerations
We present risks alongside opportunities. Informed investors make better decisions.
- ▸Large capital commitment (~$5M)
- ▸Añelo market liquidity is limited vs Buenos Aires
- ▸FX conversion risk on peso-denominated rents
- ▸Deal terms still being finalized — pricing not yet confirmed
Express Interest
Añelo Central — Full Module