Real Estate Fund Buys Office Center for $127 million

In Costa Rica, the investment fund management company Multifondos has announced the acquisition of the corporate center El Cafetal, located in Belén, Heredia.

Tuesday, August 29, 2017

Elfinancierocr.com reports that "...Multifondos, a subsidiary of the financial group Mercado de Valores, said the amount represents the largest purchase made by a real estate fund in the country and it has been estimated that this will result in the real estate fund industry being valued at $2 billion."

According to Antonio Pérez, manager of Multifondos, "...El Cafetal was initially owned by a group led by the Garnier & Garnier company and then sold to a foreign fund, which Multifondos later offered to buy."

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Reveal Real Estate

Reveal Real Estate is dedicated to improving the transparency of the international real estate market in Central America by putting data in the hands of consumers.
Operates in Costa Rica, Nicaragua and Panama
Phone: (302) 353 4505

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