Panama: Properties Auctioned in Reverted Areas

The properties to be auctioned in November are located in the provinces of Panama and Colon.

Thursday, November 4, 2010

The auction will be conducted by the Administrative Unit of Reverted (UABR) of the Ministry of Economy and Finance.

The properties are located in Pedro Miguel and Albrook, Panama, and three in the area of David, in Colon.

The initial values of offers ranging from B / 29,337.12 to B / 3,771.296.02, however, they can be awarded to the highest bidder. The Albrook lot ALB-14 is located in one of the most important cities in Panama, near the Gran Terminal de Transporte and Marcos Gelabert Airport. The initial value of the offer is B / 3,771.296.02.

Interested parties have until November 15th to submit their proposals. The properties to be auctioned, have large open spaces and are ideal for business or invest in housing development.

Proponents can call 511-9600 / 511-9700 / 470-0423 511-9823 in Panama and Colon. They can also enter the web page www.mef.gob.pa (Section UABR).

Terms and conditions are available on page www.panama.compra.gob.pa. UABR promotes the economic development of reversed property so to increase investment and achieve the greatest benefit for Panama.



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Auction of State Property in Panama

March 2012

Three plots located in Davis and Albrook, in the provinces of Colón and Panama respectively, will be auctioned to the highest bidder by the Reverted Property Unit.

A statement from the Ministry of Economy and Finance reads:

Strategic properties in the provinces of Panama and Colon will be auctioned by the Administrative Unit of Reverted Property (UABR) of the Ministry of Finance shortly.

Property Auction in Panama

February 2012

The Ministry of Economy and Finance has announced the auction of two lots located in Albrook and Los Llanos.

From a press release from the Ministry of Economy and Finance:

Two lots located in Albrook and Los Llanos de Curundú will be auctioned by the Administrative Unit of Reverted Areas at the Ministry of Economy and Finance in the last week of February.

Panama: 10 Properties to be Auctioned

January 2012

The Reverted Property Unit of the MEF is to auction on 10 February 10 properties located in the provinces of Panama and Colon.

The starting value of the offers on properties located in the districts of Ancon, Albrook, Clayton and Balboa (Panama), and Arco Iris y Espinar (Colon), varies from $21,000 to $990,000.

Panama Auctions Lots in Reverted Areas

September 2010

The Administrative Unit of Reverted Properties (UABR in Spanish), part of the Ministry of Economy and Finance, is to sell four properties previously owned by the USA.

The lots are located in Altos de Curundú, Quarry Heigths, La Boca and Farfán and will be offered with start prices ranging from $37,000 to $1.6 million.

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