Developer

Vitrium Capital

Vitrium Capital was founded in Argentina in 2006 by Federico Gagliardo. During its first year, it raised and managed capital for third-party real estate projects; it then began developing projects of its own.

Its current portfolio includes projects in Argentina, Uruguay, Paraguay and the United States.

INGAR currently tracks 8 projects by this developer. The 8 developments total 844 units and 64,004 published m².

Updated: August 24, 2026Official website

projects we track

completed

under construction

844

units

History and expansion

Vitrium began by organizing real estate investments and started developing its own projects the following year.

2006
Vitrium Capital is founded in Argentina
During its first year, the company raised and managed capital for third-party real estate investments.
2007
It begins developing its own projects
After its first year managing third-party investments, Vitrium began raising capital for developments of its own.
2008–2013
Its first buildings in Buenos Aires
Its early projects include Vitrium One, completed in 2009, and 01 Tigre, built between 2010 and 2013.
2013–2014
Entry into Uruguay
Gagliardo dates the purchase of the 01 Parque Batlle site, Vitrium’s first development in Uruguay, to 2013.
2016–2020
First handovers in Montevideo
01 Parque Batlle was built between 2016 and 2018; 01 Las Artes followed between 2018 and 2020.
2020
Five projects in Uruguay
By November 2020, Vitrium had four developments in Montevideo and was involved in Carmelo Golf. The reported combined investment was US$40 million.
Today
Presence in four countries
Its portfolio includes projects in Argentina, Uruguay, Paraguay and the United States.

Other projects in its track record

After 2006

First proprietary development

Pilar, Buenos Aires

A 1,100 m² building with 18 apartments. Gagliardo describes it as the project through which he learned the development business.

2008–2009

Vitrium One

Vicente López, Buenos Aires

A five-story corporate building that opened in August 2009.

2010–2013

01 Tigre

Tigre, Buenos Aires

A mixed-use project with 126 units and a published area of 12,000 m².

Since 2012

Pueblo Caamaño

Pilar, Buenos Aires

A phased mixed-use development; the official project page lists 65,000 m² and 450 units.

2018–2020

01 Las Artes

Montevideo, Uruguay

A residential building with 67 apartments and 5,057 m², delivered in 2020.

Uruguay

Vitrium in Uruguay

01 Parque Batlle was its first project in the country.

Uruguay was Vitrium’s first market outside Argentina. Federico Gagliardo dates the purchase of the 01 Parque Batlle site, its first project in the country, to 2013. Construction began in 2016 and ended in 2018.

By November 2020, 01 Parque Batlle and 01 Las Artes had been delivered; 01 Del Centro was under construction and 01 Libertador was preparing to break ground. Vitrium was also involved in Carmelo Golf, and a combined investment of US$40 million was reported across its Montevideo and Carmelo projects.