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ARGENTINA | 07-11-2018 13:00

Real estate group to invest US$200 million in a urban complex in Córdoba

Grupo Proaco presented its new real estate project last week at the Four Season hotel in Buenos Aires.

Córdoba’s skyline is about to grow taller. Real estate group Grupo Proaco has announced it will invest US$200 million into a new project combining residential, working and entertainment purposes.

Named after the former villa El Pocito, the “Pocito Social Life” complex will cover a surface of 127.000 m2 and will include three 110-metre high residential towers with 945 apartments – around US US$2,250 per square meter – and 120 offices, creating the open-space working model, a shopping mall, restaurants and 750 parking spaces.

“The space will contribute to the urban development of Córdoba by revaluing and integrating Barrio Güemes and Nueva Córdoba,” said Lucas Salim, founder and CEO of the company, during a presentation last Thursday at the Four Seasons Hotel.

Constructions will begin on March, 2019 and are expected to be completed by 2027.

The towers will offer a 360-degree view of Córdoba and will feature two swimming pools, trails for sports activities and a 5,000 m2 green terrace – “the largest in the country," according to Salim.

The project’s development will take place in three steps: first the northern tower, the mall and the parking, and finally the second and third towers.

“Pocito Social Life is a space specially designed for those who want an urban, social, safe and dynamic life,” said Salim. “A place where you can live, work, buy and enjoy, all in the same place."

Since 2002, Grupo Proaco counts 130,000 m2 built and more than 20 completed projects, including other residential complexes in Córdoba.

“The Córdoba’s PBG represents approximately 8 percent of the national GDP and 12.5 percent of the country’s exports.,” according to the real estate agency. “It is the second most powerful province of the country and an important educational, economic and cultural centre.”

by Giulia Petroni, Times

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