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CBRE ARRANGES US$100 MILLION SALE OF LANDMARK ASSET IN SANTIAGO, CHILE

CBRE ARRANGES US$100 MILLION SALE OF LANDMARK ASSET IN SANTIAGO, CHILE

Santiago, Chile – February 15, 2012 – (RealEstateRama) — CBRE Group, Inc. arranged the sale of SCL Apoquindo 4501, a landmark Class A office building located at the intersection of the most important commercial thoroughfares in Santiago, Chile. The $100 million transaction represents both the largest Class A office disposition via an exclusive marketing process in the Chilean capital and a competitive cap rate for a Class A office building. Prior to this, the largest office building transaction in Santiago was the partial-interest acquisition of Torre Titanium, an 850,112-sq.-ft. Class A office tower acquired by a European property investment fund advised by CBRE.