Edificio Avante

Edificio Avante is a 64 m (210 ft) tall skyscraper currently under construction in the Santa Elena area of San Salvador, El Salvador. Construction started in early 2009 and is due to finish in mid-2010.

The US$30 million building will have a total area of 44,000 m2 (470,000 sq ft) and will have space for shops on the ground floor, offices on the nine floors above and six levels of underground parking - the deepest parking in El Salvador.[1][2][3]

The building is financed by a Guatemalan investor, using a financing scheme called "tenant in hand". because what they do is sell the space to investors, then Quality Real Estate is responsible for seeking a tenant for that space, so the constructors of Avante made sure all of their investors a safe return. Salvadorans who have been investors in Guatemala already know the model of Avante.[1]

This building will help the economic growth of the country, due to the low quantity of office buildings in the country the building will help the economic boom of the city.[3]

References

  1. ^ a b "Edificio Avante: Beneficios" (in Spanish). http://www.edificioavante.com/#/?page=beneficios. Retrieved May 10, 2010. 
  2. ^ Mariana Belloso (February 28, 2010). "Casi listo edificio AVANTE" (in Spanish). La Prensa Gráfica. http://www.laprensagrafica.com/economia/nacional/96867-casi-listo-edificio-avante.html. Retrieved May 10, 2010. 
  3. ^ a b Guadalupe Hernández (June 13, 2009). "Venden un 65% de edificio de Avante" (in Spanish). El Salvador.com. http://www.elsalvador.com/mwedh/nota/nota_completa.asp?idCat=6374&idArt=3728013. Retrieved May 10, 2010. 

External links