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Caixabank Begins To Market Office Space In Torre Pelli

20 February 2015 – El Economista

Servihabitat, the credit and property management company owned by Caixabank, has started to market 35,000 square metres of office space in the building known as Torre Pelli (178m high), on the island of Cartuja in Sevilla. The tower is in its final stages of construction by the (development) company Puerto Triana, in which Caixabank is a majority shareholder.

Sources close to Servihabitat have confirmed that this week the company has started to market office spaces on floors 1 to 24; initially, a hotel was planned for floors 24 and above, although that is now pending confirmation.

The sources indicated that 1,500 square metres of office space is available per floor, with a minimum space of 200 square metres. In total, 35,000 square metres of office space has come onto the market.

In terms of the rental prices for these spaces, the sources indicated that “prices vary depending on the volume of square metres (contracted), the floor, the direction/orientation” and they note that prices “are being agreed on a personalised basis”.

Nevertheless, “El Correo de Andalucía” reported on Thursday that it will cost €3000/m2/month plus shared costs to rent a 200 square metre space, and so Caixabank may generate revenues of almost half a million euros per month if it manages to rent out the whole building.

The sources stressed that this marketing campaign “is attracting interest and has been very well received by its potential clients”.

Original story: El Economista

Translation: Carmel Drake