SOURCE: Metrospaces


November 19, 2015 22:26 ET

Metrospaces Announces Joint Venture Agreement With Merchant Bank Proideas of Buenos Aires, Argentina

NEW YORK, NY--(Marketwired - Nov 19, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) announces the execution of joint venture agreement with Buenos Aires based merchant bank Proideas.

Mr. Brito stated: "This joint venture agreement will give Metrospaces direct access to some of Proideas private equity deals not just in real estate, but also in middle-market companies across different industries. Additionally, Proideas will work with us in financing and execution of our Ikal Lodge and Wine, as well as our hotel projects in Venezuela. Proideas has been involved in over $100 million in direct financing, investment banking and M&A activities in the last 8 years and is considered a predominant player in the private equity industry in Argentina. It's quite an opportunity to join forces with this exciting group of professionals. As it's well-known, Argentina has up-and-coming presidential elections that will more than likely bring a more market-friendly administration, and this agreement positions ourselves in the country, before an expected upturn in the Argentinean economy. We will immediately start reviewing deals on which we can act upon." 

For a list of some of Proideas past investment deals:

Art Maria:

Madero Walk:

Royal Group Technologies:


Cerro Bayo:

For a Link to Metrospaces' Corporate Fact Sheet:

For a link to our 5 hotel projects currently underway:

About Metrospaces

Metrospaces is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company's current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela. It is operated by an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the Americas and across Europe valued in excess of US $450Million.

Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their world-wide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since Inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.

Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the America's and across Europe valued in excess of US $450Million. Metrospaces' majority shareholders has partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.

Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.

Metrospaces was originally founded by company President Oscar Brito.

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Safe Harbor Statement:

Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

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