MERCADOLIBRE INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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ITEM 2. PROPERTIES
We lease facilities in different countries of Latin America that are used for administrative, marketing, product development and shipping activities purposes. All of our offices are occupied under lease agreements, except for three of our Argentine offices and the Venezuelan offices that are owned by the Company. The leases for our facilities provide for renewal options and after expiration, we can renegotiate the leases with our current landlords, or move to another location. From time to time we consider various alternatives related to our long-term facility needs. While we believe our existing facilities are adequate to meet our immediate needs, it may become necessary to lease or acquire additional or alternative space to accommodate any future growth.
For Mercado Envios, we operate fulfillment, cross docking and service centers in multiple locations in Argentina, Brazil, Mexico, Chile, Colombia and Uruguay.
Our headquarters are located in Montevideo, Uruguay. Our data centers are located in Virginia, United States, and occupy approximately 45 square meters. As of December 31, 2024, our owned and leased facilities (excluding data centers) provided us with square meters as follows:
| Argentina | Brazil | Mexico | Others | Total | |
|---|---|---|---|---|---|
| Owned facilities (1) | 5,766 | — | — | 880 | 6,646 |
| Leased facilities | 103,699 | 1,721,362 | 1,350,233 | 91,279 | 3,266,573 |
| Managed by Third Parties (2) | 85,761 | 733,708 | — | 140,351 | 959,820 |
| Total facilities | 195,226 | 2,455,070 | 1,350,233 | 232,510 | 4,233,039 |
(1)Includes offices in Venezuela.
(2)Includes properties that are leased by the Company and managed by third parties.
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