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05 NOV

Boston Tower's Floors Sale

The Company communicates that it has sold and transferred four floors with a leasable area of approximately 3,892 sqm and 15 parking spaces of Boston Tower located at 265 Della Paolera in Catalinas District of Buenos Aires City.

The transaction price was set at approximately USD 22.9 million (USD/sqm 5,890), which had already been paid.

After this transaction, IRSA PC keeps the ownership of 3 floors of the building with an approximate leasable area of 3,266 sqm, in addition to parking spaces and other complementary spaces.

The accounting result of this operation will be recognized in the Company's Financial Statements for the second quarter of FY 2021.

The Boston Tower is a modern office building located in one of the most premium corporate areas of the City of Buenos Aires. It was designed by the renowned architect Cesar Pelli and has 27 floors and 126 parking spaces in approximately 31,670 sqm of gross leasable area.