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The seven residents owned by Costanera Tower today could receive new arrivals this year. This is because the rest of the sequence, which has no municipal receipt, can be marketed now that the company has the ability to guarantee the mitigation works – which will be done in a fragmented manner – before to execute them.
Liberty, Bank of China, Willis Tower Watson, Stanley Black & Decker, Baker Mckenzie, Bayer and JLL cover the 15,000 m2 authorized, of the 80,000 m2 that has the large tower, for rent. According to market sources, it is expected to rent about 25,000 m2 of building this year. This is the lower and central part of the tower. The higher floors will still not be sold on the market.
The same connoisseurs point out that the price range is between 0.65 m2 UF in the lower part and 0.7 m2 UF in the central part. Although, if you look at the area in which it is located, Providencia, prices are averaging 0.48 m2.
While located in the surrounding areas where there is the most direct competition from the Costanera Center, the Titanium tower, in the El Bosque sector, the values are around 0.54 m2. That is, it is the prices on the roof of those observed in the nearby offer.
Those interested. Although the tower has been available since the end of 2018, conversations have been reactivated with those wishing to occupy a position in the building, as the delivery date of offices was now better badured.
In fact, they know that at least 20 companies are interested in arriving at the tower. Although some conversations with potential tenants are more advanced than others, there is no new contract concluded because there is no municipal reception.
According to market sources, the building will be sold again by JLL. Although other consultants also receive requests from customers interested in renting in the big tower.
Francisco Rojas, CEO of GPS Property, says it's mainly about multinationals, engineering companies and large companies.
part of them seeks to change the dynamics of work in its facilities, by having more collaborative spaces, resulting in more open spaces, with fewer private offices, privileging meeting spaces.
These are large companies that are looking for facilities of more than 1,000 Thus, the facilities of about 1,500 m2 of the Costanera Center are very practical with medium and long term leases ", he explains, between 5, 10 and 15.
But Rioja also underlines another point: "Cencosud today has a unique product, of a high standard, with extraordinary connectivity in an emblematic building, and which occurs in a moment of supply available for companies looking for areas greater than 1,500 m2. "
The hotel would open this year
On March 5, just thirteen days before the Regional Secretariat for Transport and Telecommunications The necessary mitigation works to the full opening of the tower Costanera were widely debated at the Providence City Council meeting held that day
around Cencosud's proposals, it was mentioned that at the beginning of the second semester, the hotel would open, run by AC by Marriott.You must comply with the first seven works of Eistu.
Currently, the hotel is almost ready and most rooms are turned on. "L & # 39; hotel is the one that has the least impact on cars, people do not arrive by car, "said the mayor to the Council.
At the same meeting, it was stated that the director of the works municipality had the legal authority. ugmenter up to 50% the link left by the private. This, in the case where the amount is out of the original calculations. On the other hand, it was stated that the municipality was not obliged to receive the guarantee.
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