TGLT S.A. (BASE:TGLT) acquired four properties located in the Southern area of Buenos Aires on August 8, 2016. As consideration for this transaction, TGLT has committed to pay non-cash consideration which includes ownership over certain assets on the Astor San Telmo project that consist of 52 apartments that equal to a total of 3,173.72 square meters, a commercial property of 494.47 square meters and 60 parking spots, and cash contributions of $1.5 million, out of which $1.2 million have been already paid, and $0.3 million shall be paid on December 1, 2016. Properties shall be renamed under the commercial name of “Astor San Telmo”. TGLT S.A. (BASE:TGLT) completed the acquisition of four properties located in the Southern area of Buenos Aires on August 8, 2016.