Corporate Building: $5 Million Investment

In San Salvador, construction began on a financial center in the Escalón neighborhood, a project that will require an investment of about $5.2 million.

Tuesday, February 19, 2019

On February 13, officially began the construction of the Financial Center of the Cooperative Savings and Credit Association of the Federation of Engineers and Architects of El Salvador (ACOFINGES), which will have technology focused on energy saving.

You may be interested in "Almost $1 Billion in New Office Construction"

Pablo Espitia, architect and representative of the Espitia Barrachina Arquitectos firm, explained to Laprensagrafica.com that "... The building is characterized by an exterior solar protection screen, with avant-garde architectural design, which will benefit energy savings. In addition to VRF type air conditioning, LED lighting, anti-seismic engineering, among other technological features."

Also see "Corporate Center Projected for $50 Million"

The article adds that "... It is expected that in 13 months the corporate building will be fully constructed and open to Salvadorans on 75th Avenue North and 3rd Street West, No. 3898, in Escalón neighborhood, San Salvador."

¿Busca soluciones de inteligencia comercial para su empresa?

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Real Estate Investment Grows in Zona Rosa

May 2018

The area of ​​the San Benito neighborhood is one of the areas of the Salvadoran capital that reports great dynamism in the construction of vertical housing, office buildings and shopping centers.

The area has become a tourist center and according to the Zona Rosa Corporation Association, it is expected that at least eight projects will be completed in the coming months that will be destined for different types of uses, and the estimated investment will exceed $166 million.

New Rules for Credit Unions in El Salvador

June 2017

A bill introduced in the Legislative Assembly proposes regulating cooperatives and credit associations whose savings range from $30 million to $92 million.

The bill, prepared by the Federation of Association of Savings and Credit Cooperatives of El Salvador (Fedecaces), proposes establishing a different regulation, more appropriate to the size and characteristics of these entities.

Panama: Cathedral Restoration Tender Halted

March 2015

The $11 million tender to restore the Metropolitan Cathedral has been temporarily suspended and it was announced that new specifications will be published in mid-April.

The chairman of the Committee on Churches in the Old Town, Ricardo Gago, said changes and corrections will be made ​​to some legal aspects of the specification of the tender for the restoration of the Cathedral.

El Salvador: Savings Cooperatives Growing

March 2014

Between 2006 and 2013 the number of agencies in the network of cooperatives in the country doubled.

Salvadoran Credit Unions have experienced a significant increase in the last year in order to expand financial services in most areas of the country.

The Federation of Savings and Credit Cooperatives of El Salvador (Fedecaces) announced that "growth is supported by an increase of over 20% in the portfolio of loans and deposits, after the close of 2013."

ok