CBRE Advises GLL on Office Buy in Chile

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.