Edificio Avante

El Salvador La Prensa Gráfica San Salvador
Edificio Avante

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

The US$30 million building has a total area of 44,000 m2 (470,000 sq ft) and 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 was financed by a Guatemalan investor, using a financing scheme called "tenant in hand", because they 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 helps the economic growth of the country; due to the low quantity of office buildings in the country the building helps the economic boom of the city.[3]

References

  1. ^ a b "Edificio Avante: Beneficios" (in Spanish). Retrieved May 10, 2010.
  2. ^ Mariana Belloso (February 28, 2010). "Casi listo edificio AVANTE" (in Spanish). La Prensa Gráfica. Retrieved May 10, 2010.
  3. ^ a b Guadalupe Hernández (June 13, 2009). "Venden un 65% de edificio de Avante" (in Spanish). El Salvador.com. Retrieved May 10, 2010.