JLL closes the sale of IRSA’s República Building
In one of the largest operations of this type, JLL has been the intermediary broker in the sale of the emblematic office building of Buenos Aires.
Buenos Aires, April 21, 2022 – JLL Argentina announces that it has been the intermediary broker in the sale of the República Building, one of the largest operations of this type in recent times in this country. JLL introduced the parties and accompanied them until the closing of the transaction. IRSA sold the República Building for USD 131.8 million, which was paid partly in cash and partly with a 46-hectare plot of developable land in the Quilmes area.
“This is a very important achievement and the end of a complex process that required great business engineering. I am very proud of the JLL Argentina Transactions team, which originated and worked together and in coordination to lead, support and accompany all the parties involved in this negotiation”, said Rodrigo Millán, Managing Director of JLL Argentina.
The building, designed by the talented architect César Pelli, is class A, has 20 office floors, 178 parking spaces, six elevators, 24-hour security and access control. It is located on the corner of Tucumán and Bouchard and is characterized by its emblematic curved façade that adapts to the triangular shape of the block.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.