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The Libertador axis-northern area of the GBA, magnet of more real estate projects

August 28, 2018 - By Joseph Taylor

In a market in recession, in which very few neighborhoods maintain their pace of growth and launch new products, the northern corridor of Buenos Aires, is one of those that brings together new investments, both in homes and in corporate spaces. The key, according to the specialists, is the good offer of lots that allow to make scale projects. And in the case of offices, the ease of access and connectivity.

“In the Libertador axis, for example,” the main advantage is that there is a very good offer of lots in which we can offer scale projects with country amenities but in the urban area, “explains Ezequiel Leibaschoff, commercial manager of Grupo Portland . The firm is developing a luxury condominium of 95 residences called Cassa Isidro and is also launching a residential complex (Infinity Towers) in Vicente López.

According to the developers, the crisis took the North, with projects with very good progress of work. “Because at this juncture both the end user and the investor who have dollars or liquidity of privileges, privilege” premium “projects at a competitive sale value that have a considerable degree of advancement in order to safeguard and maximize their investment,” Hector analyzed. Condomiña, commercial manager of the Venice project, in Tigre.

Another masterplan of 44 blocks, in the area, is Camino Building, designed with extravagant amenities for lovers of motorcycles. Hence, each unit has access to a special lift to enter the motorcycle inside the apartment.

In the corporate segment, one of the most emblematic cases is the Polo DOT that the firm Criba is building: an office building with 11 floors that totals more than 35,000 square meters for rent. The masterplan includes hotel, housing and commercial walk.

According to Hernán Faigenbaum, general manager of Cushman & Wakefield Southern Cone, the submarket formed by the crossing of the Pan-American Highway and the General Paz, “it began to consolidate itself as a center that offers multiple advantages based on geographical and transport aspects, in addition to a important availability of space to continue building “.

The latest report from C & W, indicates that currently, the area has so far, 67,009 m2 of offices. “This area increases considerably, taking into account the 55,361 m2 under construction, and more than tripled if we add also the projected 134,558 m2.The existence of suitable land suggests that in the medium term the expansion will continue,” they said. The experts.

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