JP Morgan closed the rent of an entire offices building. This is the most important corporate rental operation of the last 20 years in the country. La Torre, in which Raghsa- the main offices developer- will disburse US $ 55 million It is meters from Avenida Libertador at the Núñez Business Center (CEN), one of the most consolidated areas of the Northern corridor of the City of Buenos Aires.
The construction will be carried out in stages, with initial deliveries in 2026 and completion in 2027. Once the remodeling is finished, the firm will occupy more than 20 floors on the Núñez campus.
“The operation is a milestone in the local office market Not only for its scale, but also for the support of an international company that, with this decision, sends a clear sign of confidence in the stability and projection of the country, ”he said Nicolás Cox, president of CBRE for Argentina and Chile, the company that closed the transaction. In numbers, the operation is more than 50% of the estimated surface in offices for rent by 2025 and equals 58% of the total area rented in 2024.
“The opening of these new offices demonstrates the strengthening of the presence of the company in Argentina. It is not only an investment in infrastructure, but also in the future of our workforceand reinforces our commitment to the development of the local economy, ”said Facundo Gómez Minujín, Senior Country Officer for JP Morgan Argentina, Uruguay, Paraguay and Bolivia.
The 23,000 m² building is at meters from the Libertador Business Center (CEL) It adds to an area with the highest rental values of the city and will represent 30% of the new estimated offer for 2025consolidating the northern corridor as a strategic business pole.
According to CBRE data, The corporate submarket of Libertador Avenue registered a 12.5% vacancy at the close of the first quarter of 2025 4.4 points below the market average.
“In absolute terms, this is one of the most important income transactions registered in the Argentine corporate market in recent years. The bet sends an encouraging signal for the sector and reinforces Argentina’s perception as a market with opportunities“He added Long KarinaResearch Manager de CBRE Argentina.
-The building that will take the company – which is one of The main employers of the country with more than 3800 employees– It is designed to adapt to new forms of work with flexible areas, and formal and informal meetings spaces with state -of -the -art technology. In addition, it will include a Sky Garden with more than 750 square meters of green areas, common spaces and panoramic views from the city from the 11th floor.
JPORGANCHASE THAT HAS IN ARGENTINA The only corporate center of the firm in the region He also announced the decision to expand his offices on Belgrano 955 Avenue, in another of the buildings that Raghsa also developed.
He Corporate Pole is one of the greatest growth registered in recent years. The land where the tower that JP Morgan was bought was built in 2020. In addition, at the beginning of last year, Raghsa stayed with another emblematic land in the area: the one that occupied the Axion station, next to the MC place Donald´sy in front of the works stadium. The Earth 2800 square metersis on the corner of the traditional avenue and Manuela Pedraza Street, in the Núñez neighborhood.
The developer’s plan is Build a new premium offices corporate tower which will be allocated to the rental market for frontline companies. It will be a Building with 50,000 m² of construction and approximately 25,000 m² profitablewith free and flexible plants, endowed with state -of -the -art technology, according to the company itself in a statement.
This venture promises to finish consolidating a corporate pole on the liberated avenuer. In full pandemic, the company opened the Libertador Business Center, the company’s most ambitious project to date. With one area of 100,000 m²this imposing structure, located on Avenida del Libertador at 7200, has 26 free plants that range between 1200 and 2900 m². With a Total of 60,000 m² profitable and an average rent of US $ 32/m² per monthis consecrated as the largest AAA office building in the country.
With the acquisition of this last land, Raghsa consolidates its positioning in the corporate market with 200.0000 m² in offices and an investment that will exceed US $ 300 million counting alone The three corporate towers in the area, which are also the most important office buildings in Argentina. Three ventures that will undoubtedly convert the pole of the northern corridor of the city of Buenos Aires in The “New Catalinas in the north of the city”.
