In the first quarter, Grupo Argos' Urban Development Business reported a historic increase of 203% in revenue and 180% in EBITDA1 June 2022
- Since 2016, the organization’s Urban Development Business has generated cash flow income of COP 711 billion, for a net cash flow of COP 315 billion, and has structured projects that will generate income of COP 400 billion over the next five years. , allowing growth in the infrastructure segment of the Business Group, while the valuation of the properties has risen by more than COP 360 billion.
- To date, the company has a land bank of 4,600 hectares valued at COP 2.32 billion.
- In the first quarter of 2022, this business reported revenues of COP 61 billion, growing by 203%, for an EBITDA of COP 9 billion, increasing by 180%.
Through this business, Grupo Argos designs and executes urban and commercial projects in the metropolitan area of Barranquilla and in Barú. During the first quarter, the Urban Development Business reported a 128% increase in net cash flow compared to the same period of the previous year thanks to the dynamics generated by the low-income housing projects and the materialization of new hotel businesses in the Island of Baru in Cartagena.
Since 2016, the Urban Development Business of Grupo Argos has generated revenues of COP 711 billion and a net cash flow of COP 315 billion, supported by a strategy that has allowed it to increase its participation in the segments with the highest housing sales in the Barranquilla market. The growth of cash flows and the projects under structuring and development have allowed the growth of this business, at the same time that it has promoted the development of Atlántico and Bolívar. During the last eight years, Grupo Argos’ land portfolio registered an appreciation of more than COP 360 billion.
One of the most outstanding projects in the business is Ciudad Mallorquín, in Puerto Colombia, Atlántico, one of the most important housing megaprojects in the country that includes the development of 4.5 hectares of parks and green areas, consolidating the largest urban park of the area, four kilometers of bike paths and 11,000 m2 of platforms and new roads for the use of bicycles and other sustainable means of transport. At this time, the project has guaranteed revenues of COP 214 billion.
On the other hand, an ecotourism complex is being developed in Barú in which the Hotel Sofitel Calablanca has already been inaugurated, which today is the anchor for the development of the master plan for this territory.
In addition, sales negotiations have been signed for the expansion of the Decameron Barú, the development of a boutique hotel and the construction of a Four Seasons hotel, which, together, will attract investments of more than 600 trillion to the region and generate income for more than COP 50 billion to Grupo Argos.
To date, the company has a land portfolio that amounts to 4,600 hectares valued at COP 2.32 trillion.
Grupo Argos Foundation
The Grupo Argos Foundation and Terraformation sign an alliance to drive an ambitious carbon offset project through the planting of over 2.3 million native tree species in the southwestern region of Antioquia11 September 2023
Terraformation has selected the Grupo Argos Foundation's participatory ecological restoration program, "Sembrando Futuro," from among more than 200 applications in the inaugural cohort of its Forest Carbon Accelerator. This initiative stands as the sole selection in Latin America.
Grupo Argos supported the transaction in which Cementos Argos will combine its operations in the United States with Summit Materials, a company listed on the New York Stock Exchange.7 September 2023
The transaction was promoted by Grupo Argos in its role as an asset manager and majority shareholder of Cementos Argos, marking a significant milestone in the company's history of growth and value creation since its entry into the U.S. market in 2005.
The National University of Colombia and the Grupo Empresarial Argos launch the third cohort of the Sustainability Chair for more than 10,000 undergraduate students in Colombia.6 September 2023
Creamos Valor Social
Over 450 social and community leaders from Medellín, along with students, entrepreneurs, and volunteers from the Argos Group, connected with their life purpose through the "Creamos Valor Social" program.6 September 2023
The event "A Life with Purpose and Gratitude" was led by Nicolás Mejía, an entrepreneur in the automotive sector, a member of various boards of directors, teacher, and speaker from Medellín. He shared with attendees easily applicable tools to connect with their life purpose and achieve success both personally and professionally.