$50 Million Investment in Business Park

A real estate investment fund owned by Banco de Costa Rica has bought 60% of the facilities of Global Business Park in Heredia.

Thursday, December 13, 2012

Elfinancierocr.com reports that "The acquisition will add 21 new tenants to the Fund, including domestic and foreign companies primarily within the medical industry. It will also increase by 50% the assets managed by the real estate investment trust."

The acquisition will add 21 new tenants to the "Fondo de Inversión Inmobiliario del Comercio y la Industria" fund operated by the fund managing unit of the Banco de Costa Rica (BCR SAFI), which last November 30 held a total of ¢43,109 million ($85 million) in net assets and 789 investors, data which reveals that it is one of the largest in the market. With the purchase of the assets in Global Park they will approach ¢60,000 million ($120 million).

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