EDUARDO Costantini, the Argentine real estate mogul who popularised the gated community concept in his home country, plans to spend up to US$1.5bil developing more of the projects, including in new geographies.

Consultatio SA, his publicly traded holding company, is doing due diligence on four new properties in Paraguay, Uruguay, Argentina’s Patagonia region and the province of Buenos Aires, he says. Investments could begin as early as year-end.