Consultatio SA was awarded a 3.200 m2 land lot auctioned by Agencia de Administración de Bienes del Estado (Agency for the Administration of State Property) located in the Catalinas Norte II area. The new lot (number 6) is added to number 5, bought in October for USD 40.200.000.
The company managed by Eduardo F. Costantini will carry out a unified project in both lots, with a total investment of 300 million dollars. This will be the largest corporate tower in Argentina and will be finished in 2021.
A unified project is expected to be run in both lots, “This acquisition is extremely strategic for the Company as it will be added to the adjacent lot bought in the previous auction; we will run a great project with floor areas of 1.800m2. We estimate a total investment of about 300 million dollars”, explained Eduardo F. Costantini.
Located on Avenida Madero, between Boulevard Grierson and San Martín Street, it is a strategic location on the river, with great potential due to its proximity to the Catalinas area and Puerto Madero.
Consultatio keeps investing in Buenos Aires city and acquired a new land lot in Catalinas Sur for USD 20 million dollars
The Company led by Eduardo F. Costantini was awarded another sought-after lot auctioned by Agencia de Administración de Bienes del Estado (Agency for the Administration of State Property)
With a total surface of 3.910 m2, the land bought by Consultatio SA is located on Ingeniero Huergo Avenue between Belgrano and Venezuela, a strategic location near the largest green space to be built in the coming years; in addition, Paseo del Bajo by the river will also be ready by 2019.
The project will have a surface of approximately 26,000 covered square meters and it is expected to be finished in the next 4 years.
In the previous weeks, Consultatio was awarded one of the first lots auctioned by the State in the Catalinas Norte II area, for USD 40 million. This lot is adjacent to Puerto Madero, the city’s financial hub, and will be destined to a new office project.
Consultatio acquired one of the land lots auctioned in the Retiro area for over USD 40 million dollars.
The company was awarded one of the most sought-after lots, auctioned by Agencia de Administración de Bienes del Estado (Agency for the Administration of State Property) in Catalinas Norte II area.
With a total surface of 3.200 m2, the land bought by Consultatio SA is located on Madero Avenue, between Boulevard Grierson and San Martín Street, a strategic location facing the river, with great potential due to its proximity to Catalinas area and adjacent to Puerto Madero.
The land will be destined for a new office project with an approximate surface of 30.000 covered square meters, 139 mts high. It is expected to be completed in four years. “The office vacancy rate is virtually inexistent in this area and it is a very good time for the sector. We estimate a total investment of about 120 million dollars, Eduardo F. Costantini explained.
Consultatio’s last project of the kind is Catalinas Norte Tower, sold to BBVA Francés, who opened their corporate offices in April, on 23 of the 33 floors of the building. Consultatio Real Estate also moved their main office there. Located at the northern entrance to Puerto Madero and the financial and political city hub, it is one of the most renowned towers in Latin America. It is 155 meters high, the tallest of the twelve towers that make up Catalinas today