San Isidro to gain more office space

The Triple-A office-space market in San Isidro, Peru, is attracting ever greater investment. Yesterday, the family Martinez (shareholders in Pesquera Hayduk) and the brothers Kulenkampff, owners of the site measuring 7,000 square metres that is to be used, announced investment of US$70mil in the project Plaza Republica.

The Martinezes and the Kulenkampffs will put up two tower-blocks of 19 storeys apiece plus underground parking for 1,500 cars, explains Rafael Florez-Estrada, director-general of Binswanger, the property development group the two families have brought on board for consultancy purposes.

The building on the site already, home mainly to town-council space, will be demolished. Nextel has already signed up for office-space in tower one, already 45% reserved and set to open in March 2010 (at which point tower two will go under construction).

Publication: SABI - Business News
Provider: South American Business Information
Date: September 29, 2008

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