The eighties

During the eighties, riva sa built the Bus Station of Ciudad de Buenos Aires in consortium with Industrias Metalúrgicas Pescarmona S.A and with the Secretary for Transport and Public Works as principal. This work of great magnitude provides a unique bus station for urban and long-distance transport, in this way all bus companies serve the whole country from the same place.

In this context, between 1980 and 1990, riva sa built more than 8,870 units of social housing, equivalent to 542,000 constructed square meters in addition to 186,700 m2 of streets and their corresponding service infrastructure.

Not only did the State and the Banco Hipotecario Nacional take part as principals, but also the contracting and executing methods shifted to the joint construction with professional associations, cooperatives and mutual associations. This type of investment was promoted by the official sector (FONAVI) to consolidate the social politics of the time that ensured decent housing to those in need.

In a context in which uncertainty about housing prices had declined and credit capacity of buyers had improved thanks to socioeconomic policies, the company grew to become the leader in the housing construction market in Capital Federal, the province of Buenos Aires and provinces in Patagonia.

Its initial growth was shown with the construction of structures and simple horizontal property buildings till the end of the eighties and with projects of great importance such as projects for Agua y Enegía (1976), communitarian buildings in Yaciretá, Corrientes (1978); the Bus Station of Buenos Aires (1980); flight simulators for Aerolíneas Argentinas (1981), Apartur Hotels (in Bariloche and Catedral Mountain); Benito Carrasco Resort in consortium with Fougerolle S.A., a French firm. It also built hospitals, hotels, banks, embassies, commercial buildings, movie theatres, luxury tower blocks, sports complexes, great undertakings which riva sa has carried out not only in the capital city but also in the rest of the country.