Sales in Palermo. The state has auctioned two more lots for $ 7.4 million

The state has today completed two new land auctions in Palermo. Palermo Green, two lands near the San Martín railroad, was sold to the Inversa group for $ 7.4 million.

The first of these properties was sold at a base price of USD 4,071,240, the base price established by the State Property Management Agency (AABE), which is responsible for the organization of the auctions. This is the GC 3.4 plot, which has a total area of ​​844 square meters. At the same time, the second batch, consisting of 719 units, is sold at 3,293,410 US dollars.

Both lands were acquired by the Inversa group, a real estate development firm that had already invested in this property. In March of this year, the company paid US $ 4.5 million to acquire another 727 square meter plot.

The area called Palermo Green includes a set of land formerly occupied by the San Martin railway beaches, which total more than 113,000 square meters.

The site is parallel to the railway and Godoy Cruz street and crosses, among others, the streets Soler, El Salvador and Nicaragua. There is currently a set of synthetic turf football fields, surrounded by abandoned land, recently opened squares and new construction works under construction.

Upon approval of the sale of this property, it was determined that 35% of the surface could be used for the construction of new offices or housing complexes, the remaining 65% to be reserved for public use. As indicated by AABE, there are 22 parcels in the auction, of which 6 will be sold this year.

The funds raised, indicated by AABE, go to the public company Playas Ferroviarias de Buenos Aires, a company created at the end of 2014 under the government of Cristina Kirchner, which is dedicated to the sale of railway lands in Palermo (train San Martín) , Liniers and Caballito (train Sarmiento), whose management was transferred to the AABE in 2017.