The property headquarters of the British and Northern Ireland Embassy in Mexico City, located on the corner of Río Lerma and Río Sena, in the Cuauhtémoc neighborhood, began the process of selling the property, without it being disclosed. still the amount of the transaction, reported the real estate brokerage firm CBRE Mexico.

"The operations of the Embassy will soon be moved to a new location in the Central Business District of CDMX, where the facilities will meet the future needs and requirements of its operations," the firm said in a statement.

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The property currently has an area of 2,810 square meters of land, with a construction potential of up to 9,767 square meters allowed in the area, for the construction of commercial and residential spaces given its location.

"The property has considerable redevelopment potential and is expected to attract high demand from local to international investors and developers due to its location near Paseo de la Reforma," he detailed.

The sale of the property will be represented by Richard Schmidt, Senior Vice President and Javier Duclaud, Associate, in coordination with CBRE London and CBRE Mexico.

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According to information shared by CBRE, the property that is very close to the Mexican Stock Exchange (BMV), has commercial and residential land use, for five levels and 30 percent of free area in Río Lerma No. 71 and for residential use on Calle de Río Usumacinta No. 26 and 32. with 4 levels and 20 percent of free area.

CBRE highlighted that the property is strategically close to other emblematic buildings such as Torre Reforma, Torre Mayor, Chapultepec Uno and the HSBC corporate, on Paseo de la Reforma, to complete the offer.

Are you interested in acquiring an office in the Reforma submarket or do you want to know how the demand was during April of this year? Check our report at the corridor level here.

Original article