Property Auction for $3.4 million

A call has been made to participate in the auction of property located in Punta Paitilla, owned by the Venezuelan company Seguros Constitución, which was taken over in August 2015.

Monday, June 13, 2016

The Superintendency of Insurance in Panama reports that the auction will be held on June 15, with a base price of $3.4 million. The property to be auctioned is commercial premises number 5 on three storeys, located in the Plaza Paitilla Mall on Avenida Balboa, Calle 56-A, Punta Paitilla, town of San Francisco.

The estate to be auctioned has a market value estimated at $4 million.

The Venezuelan company was taken over in 2015 and in late April the board of liquidators gave the order to proceed with the liquidation of $6.6 million in assets owned by the company.

See details of the property at auction.

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