How the scarcity of premium real estate is shaping the market.

The property, with a total area of 28,600 sq.m., includes existing structures amounting to 7,100 sq.m., while the remaining available building capacity is approximately 40,900 sq.m.

The building was occupied by a Brazilian bank that later collapsed.

The total budget of the project amounts to €195.6 million.

Only 161 projects are expected to start within the next 12 months, providing the region with 48,251 rooms.