Auction of State Property in Panama

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.

Thursday, March 15, 2012

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.

The land plots soon to be auctioned are located in Davis (Columbus) and Albrook (Panama), and the initial values of the bids range from B / 83,054.88 to B /204,710.40 and will be delivered to the highest bidder after an auction process.

The land in Davis will be auctioned on March 20th, with bidding starting at a value of B /83,054.88. On March 22nd another plot will be auctioned at Davis, which has an initial value of B / 86,500.80 and on March 27th the property located in Albrook whose initial value is B / 204,710.40 will be auctioned.

Bidders can call 511-9600 / 511-9700 / 511-9823 in Panama, and 470-0423 in Colon. They can also visit the web page www.mef.gob.pa (Section of UABR). The conditions are available on the webpage www.panama.compra.gob.pa.

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

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