IRSA sold two more floors of its high-end office tower in Catalinas: pocketing $22.5 million

IRSA continues to sell offices in its building Della Paolo in Catalinas. The company notified him via National Securities Commission (CNV) which fell from two floors and 18 garages, in total 2394 square meter (m2). surgery, to make company which leads Eduardo Elsztainreceived 22.5 million US dollars.

“The company has sold and transferred two floors of the ‘261 Della Paolera’ tower located in the Catalinas district of the Autonomous City of Buenos Aires for a total leasable area of ​​approx. 2,394 m2 and 18 garage spaces it is in the building”, he described.

In addition, he added that “the transaction price was approximately US$22.5 million (US$9,380 per m2), which has been paid in full.”

After this operation, IRSA retains ownership of 12 floors real estate “with an approximate rentable area of 14,437 m2 apart from garage units and other complementary spaces, the CNV press release points out.

The luxury sector is winning the battle

Complexes of Edit the most exclusive were the big winners in the commercial segment in 2022. The most exclusive category top managed to adapt to the new needs of the company despite pandemicand ended in 2022 with growing numbers.

According to the report of Cushman & Wakefield, the last quarter of 2022 closed with net office absorption premium from 18,483 square meters (m2)with 24,957 m2 are taken over by companies and 6,474 m2 uninhabited.

Actually, office market premium showing signs of recovery for the second quarter in a row, compared to the rest of the market. The net absorption indicator closed the last quarter with an increase of 93% compared to the previous period.

the capital of IRSA

At 261 Della Paolera, office building in which IRSA invested 110 million US dollars and was officially opened in 2021, he already sold four apartments from November to December of that year. There were customers The European Union ($9.2 million) and Banco Santander, which remained with three plants ($28.5 million).

In June 2021, Banco Industrial was the buyer of two floors. To pay 16.9 million US dollars. Of the 30 floors of the building, Globant (10 floors), Microsoft, ExxonMobil, Cargil, Endava and First Data have already been purchased in the construction phase. IRSA itself kept two for itself. He moved his headquarters there.

And that in August last yearyear, IRSA sold one of its floors and a total of eight garages for a total of 12.6 million US dollars.

In addition, in April last year holding sold 100% historical republic building in the northern Catalinas, where it operated for years headquarters of Telefonica. The customer was The Pertersen Group.