|IRSA Inversiones Representaciones SA (IRSA) is a real estate company. The Company is engaged, directly and indirectly through subsidiaries and joint ventures, in a range of real estate related activities, including the acquisition, development and operation of shopping centers, including consumer financing activities; the development and sale of residential properties; the acquisition and development of office and other non-shopping center properties for rental purposes; the acquisition and operation of luxury hotels; the acquisition of undeveloped land reserves for future development and sale, and selected real estate investments outside Argentina. As of June 30, 2010, it owned 29.78% of Banco Hipotecario S.A. In September 2010, it completed the acquisition of Unicity S.A. On October 15, 2010, it acquired Parque Arauco S.A.'s direct and indirect stake in Alto Palermo S.A. (Alto Palermo). On November 4, 2010, the Company's subsidiary Alto Palermo acquired TGLT S.A.