The Company communicates that it has sold to a non-related party the entire “Bouchard 710” tower, located in Plaza Roma District of Buenos Aires City.
The building has 15,014 sqm of gross leasable area on 12 office floors and 116 parking spaces.
The transaction price was set at approximately USD 87.2 million (USD/sqm 5,800), which has already been paid.
The accounting result of this operation will be recognized in the Company's Financial Statements for the first quarter of FY 2021.
Bouchard 710 is an A+ office building with LEED Gold certification, located in one of the most premium corporate areas of the City of Buenos Aires.