Construction of the "Q" Towers suspended in El Salvador.

Construction scheduled to begin in the second quarter of this year was suspended until 2009.

Tuesday, November 11, 2008

Jose Angel Quiros, Project Manager, stated that everything was ready for start up, but as a consequence of the difficult world situation, financial organisms, who had approved the construction funds, started to impose more restrictions on disbursements. "That was the first warning", he stressed.

More on this topic

Grupo Q invests US$25 million in San Salvador apartments

May 2008

El Salvador real-estate developer Grupo Q Inmobiliaria is to invest US$25 in a luxury apartment complex in San Salvador that will employ 600 people during construction.

Details of the project, and of Grupo Q itself, are to be found on the company's new website: www.grupoqinmobiliaria.com

$400 million housing project in El Salvador

August 2008

The project, which will include an 18-hole golf course and club house, will begin to be built in November to the south of the capital.

El Encanto Villas & Golf, as it is called, will start will and estimated investment of $400 million and includes residential lots, apartments, golf course and country club. The figure includes investments by the owners.

Urban Development Project in El Salvador is On-Hold

February 2009

The development of the El Encanto Villas & Golf project, which includes residential lots, apartments, golf course and a country club, has become paralyzed.

The businessman, Rafael Castellanos, told Elsalvador.com: "El Encanto Villas & Golf has become paralyzed due to the electoral uncertainty in the country.

New Real Estate Projects by Inversiones Bolívar

July 2009

The Salvadoran company has three new projects in El Salvador, where it will build housing and divide entire areas into lots.

Inversiones Bolívar projects comprise 469 blocks. Diego de Sola, CEO, announced that while the projects haven't started yet, everything is planned and en route.

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