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.

Edificio Avante

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. "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. Guadalupe Hernández (June 13, 2009). "Venden un 65% de edificio de Avante" (in Spanish). El Salvador.com. Retrieved May 10, 2010.

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