Grupo Q invests US$25 million in San Salvador apartments

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.

Friday, May 16, 2008

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

More on this topic

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 "El Encanto Villas & Golf has become paralyzed due to the electoral uncertainty in the country.

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

November 2008

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

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.

$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.

New commercial real-estate project for Guatemala City

June 2008

Guatemalan real-estate developer Calidad Inmobiliaria is planning a major commercial project on Guatemala City's El Naranjo Boulevard, an increasingly busy commercial area.

The project includes an 11-story office tower, 11 distribution warehouses and a large storage area with a loading bay.

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