SANTIAGO, CHILE, and MIAMI-GLL Real Estate Partners GmbH, the Munich-based real estate funds management group, has acquired Territoria El Bosque, a landmark office building in Santiago. CBRE advised the buyer on the transaction.
The class A office building was sold to GLL by a consortium of Chilean firms consisting of Territoria, IM Trust and Viviendas 2000. The 314,343-square-foot building was brought to market in November 2012 and has a tenant roster, featuring JP Morgan, H&M, BBVA, ITAU and Embassy of South Africa. The building is located along Santiago's principal office corridor at the intersection of Apoquindo and El Bosque.
CBRE Global Capital Markets professional Tim Gifford, along with Marc Royer of CBRE Chile, managed the acquisition that cements the firm's market-leading share of significant cross-border commercial real estate investment transactions in Latin America.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
