Real Estate Central

BUENOS AIRES, Argentina, May 16 /PRNewswire-FirstCall/ — IRSA (NYSE:
IRS) announces the following webcast:



What: IRSA’s Third Quarter FY 2008 Results Conference Call

When: Friday, May 16, 2008 at 9:00 AM Eastern

Where: http://www.videonewswire.com/event.asp?id=48624

How: Live over the Internet — Simply log on to the web at
the address above.

Contact: Esteban Grinberg, egrinberg@irsa.com.ar, 54-11-4814-7846
If you are unable to participate during the live webcast, the call will
be archived at http://www.videonewswire.com/event.asp?id=48624 .

Founded in 1943, IRSA is Argentina’s largest and most diversified real
estate company and it is the only company within the industry whose shares
are listed in the Bolsa de Comercio de Buenos Aires and The New York Stock
Exchange.



IRSA’s principal activities consist of:
— The acquisition, development and operation of office and other
non-shopping center retail properties primarily for rental purposes.
— The acquisition and development of residential properties primarily for
sale.
— The acquisition, development and operation of shopping center
properties.
— The acquisition of undeveloped land reserves for future developments
for sale.
— The acquisition and operation of luxury hotels.
IRSA is the best vehicle to access the Argentine real estate market.
Its solid and diversified portfolio of properties has established the
Company as the leader in the sector in which it participates. The Company’s
capacity and the strength of its management is reflected by its ability to
take advantage of opportunities and maximize the Company’s value and return
for its shareholders.

The Company’s strategy consists in increasing its cash flow, income and
value of its assets by continuously expanding its business portfolio.



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Source: Real Estate Newswire