Honduras: $25 Million Investment in Real Estate Project

The first 21-floor tower of the development “325 Rio de Piedras” from Inversiones Bolivar will be completed by June of 2009.

Monday, June 22, 2009

With a $25 million investment, the construction of the Torre Sur, the first of two towers in the complex “325 Rio Piedras,” is planned to be completed in mid-2009. Currently, 65% of the luxury apartments in the tower have been sold.

The article in Tiempo.hn indicates: “In relation to the construction of the second tower, which will be located next to the one currently being built, executives noted that they do not have a set date and that everything will depend on the level of demand there is from people who want to acquire an apartment."

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$61 million to be Invested in Real Estate Development

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An environmental impact study has been submitted for the construction in San Miguelito, Panama, of a mixed complex consisting of six apartment towers and a tower for commercial use.

Data from the Interactive System "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, indicates that in June Inmobiliaria Panamá Bella S.A. submitted an Environmental Impact Study (EIA) to the Ministry of the Environment.

Over $190 million in Residential Towers

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The boom in vertical housing continues in the capital of Costa Rica, where the trend of living near to the down town area is a response to the serious problems of road traffic.

Condominios 6-30, Torres del Lago, Torres Paseo Colón, Vistas de Nunciatura and Condominios Nara are some of the residential-commercial projects currently on offer in the city of San Jose.

New Real Estate Projects in Honduras

November 2010

Three new developments are in their final stages of construction in San Pedro Sula.

One of the completed projects is the Altia Business Park Tower, a 14 floor business center.

The other project, with an estimated investment of $ 25 million, is Rio Piedras a 21 floor condominium.

Luxury developer Bolívar spreads its wings beyond El Salvador

July 2008

El Salvador's Inversiones Bolívar continues to invest in high-end housing, not only in its own country but in the rest of Central America.

Its most recent project, Torres 105 Campestre, twin towers with a total of 100 apartments, was inaugurated last week in San Salvador where it has already become an urban icon.

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