Aether by CIVIS: Construction Begins on the Iconic Tower Marking a New Stage of Urban Development in Asunción

The 50-story mixed-use project enters the construction stage and consolidates a new phase for CIVIS.

Today marked the start of construction on Aether by CIVIS, with collaborators and the developer's team in attendance. The commencement of construction signifies a new step in CIVIS's growth process and initiates the execution of a 50-story mixed-use project that, due to its scale and complexity, represents the company's most significant development to date.

Aether is the thirteenth project in CIVIS' portfolio and marks a stage of consolidation and maturity for the developer, which is moving towards larger-scale projects with greater urban impact and a long-term vision. More than just an isolated milestone, the start of construction reflects a natural evolution of its development model and its positioning within the local real estate market.

Conceived from its inception as a landmark project for the city, Aether integrates contemporary architecture, sustainability, services, technology, and a profound understanding of new ways of living, working, and connecting in vertical urban environments. Scheduled for completion in 2029, it forms part of CIVIS's strategic roadmap aimed at developing urban icons that support the country's growth with vision, responsibility, and long-term sustainability.

The choice of location is based on a combination of urban, infrastructural, and strategic factors. The project is situated on one of the main access routes to the city, connecting Aviadores del Chaco Avenue with Molas López Avenue, in an area that has become the new financial and corporate center of Asunción. Public investment in road infrastructure and urban services has been crucial in creating conditions that allow developers to plan for the long term and take on challenges of this scale, highlighting the importance of coordination between the public and private sectors in urban transformation processes.

Its proximity to major urban landmarks, such as Paseo La Galería and Shopping del Sol, reinforces the strategic importance of the location, solidifying its position as a key hub for both local residents and international visitors. Furthermore, the presence of the country's tallest tower in the area has contributed to the formation of a cluster of high-rise buildings, within which Aether is emerging as a new landmark, poised to become the tallest building in the area and a key element of the Asunción skyline.

In commercial terms, the project comprises a total of 240 residential units. At the start of construction, Aether has reached a sales level of approximately 80%, with limited availability of one-bedroom units, few two-bedroom options, and a small number of duplex penthouses. This sales performance confirms the product's strong appeal and the market's interest in high-quality residential offerings integrated with a range of services and amenities on a scale unprecedented in the country.

More than just a building, Aether is conceived as a comprehensive vertical experience focused on well-being, productivity, and social connection. The project dedicates over 2,250 square meters to common areas, distributed across more than 35 amenities, redefining the concept of high-rise living and prioritizing both the physical and emotional well-being of its residents. The architectural design seeks to balance comfort, aesthetics, and functionality, incorporating spaces that invite serenity, movement, and shared living.

The tower will feature four levels dedicated to common areas, making it the skyscraper with the highest proportion of amenities per square meter in the Paraguayan market. On the ground floor, Aether will include a selection of restaurants and a five-star restaurant of over 500 square meters, designed for 120 diners and offering room service for residents, reinforcing its mixed-use development character and its integration with the surrounding urban dynamics.

On level seven, located on the transition slab between the parking garage and the main tower, one of the most comprehensive sets of amenities in the country will be concentrated. This level will house areas focused on holistic well-being, organized into interconnected themed zones.

The so-called Green Zone will function as a natural elevated park, incorporating a swimming pool for adults and children, a bar, a solarium, relaxation areas, a jacuzzi area, a massage room, an outdoor calisthenics gym, outdoor play areas, and designated pet areas, all surrounded by native vegetation that reinforces the project's environmental identity. In parallel, the Wellness Zone will be dedicated to physical and mental well-being, with a fully equipped indoor gym, a spa area, a hair salon, massage rooms, and saunas, conceived as an urban haven of serenity and contemporary design.

Aether's social spaces include areas dedicated to entertainment and community life, such as a movie theater, a clubhouse with a golf simulator, a pool table, arcade machines, a vending machine, a video game room for teenagers, a children's playroom, and air-conditioned lounges with grills for private gatherings. In addition, there is a tasting room designed for gastronomic and wine experiences, elevating the building's social offering to a standard rarely seen in the local market.

Construction quality and the selection of amenities are central to CIVIS's value proposition. In a context where the developer's role is becoming increasingly complex, technical and financial management must respond to concrete market expectations and new demands related to quality of life, efficiency, and sustainability. In this sense, Aether seeks to materialize a coherent solution encompassing design, execution, and long-term use.

From an environmental perspective, the project will be EDGE certified, an international standard that recognizes buildings designed for efficiency in the use of energy, water, and materials. This certification implies a significant reduction in energy and water consumption, efficient use of construction resources, lower operating costs over time, increased property value, and alignment with international responsible investment criteria. The addition of EDGE reinforces CIVIS's commitment to a more conscious approach to construction, better prepared for future urban challenges.

In terms of services, Aether will incorporate a premium offering focused on optimizing user time and convenience. Building management will be handled by Hostpy, a company recently acquired by the CIVIS group, which will provide comprehensive professional management of the condominium. Owners will also have access to rental management solutions for both traditional and short-term leases, making the units operationally efficient assets for investors.

The project has the structural backing of CIVIS's FAII, a scheme that provides greater security, transparency, and financial organization for investors. Through fiduciary vehicles, the project's assets, including the land, investments, and backing capital, are structured into independent trusts, separate from the company's other developments. This model aims to guarantee the protection of invested capital and ensure that resources are effectively transformed into the promised assets, consolidating a framework of predictability and confidence.

The construction of Aether will be carried out by Codas Vuyk, with oversight by FiscaPro, while the design and outfitting of spaces will be developed by Better Space and Networkers. This collaboration between specialized companies is part of the comprehensive approach that CIVIS applies to its developments, integrating design, technology, furnishings, and construction solutions under a single vision.

This year, CIVIS plans new launches in Asunción and developments in the south of the country, advancing its national expansion plan and its positioning as a comprehensive real estate investment platform. Aether thus aligns with a clear roadmap, focused on generating urban, social, and economic value, supporting Paraguay's growth with a long-term vision.

Looking ahead, the developer anticipates an evolution of its business model, moving from one-off interventions to larger-scale projects focused on developing entire urban areas with mixed uses that integrate housing, offices, hotels, retail, and urban amenities. This approach entails greater collaboration with public entities and a greater ambition for a more profound urban impact.

In parallel, CIVIS is working on a capital opening and expansion process, with a five- to ten-year strategic vision that includes its projection as a developer with regional and international reach. From Paraguay, the company seeks to bridge the gap between local practices and more advanced market development models, focusing on architecture, management, and financial structures aligned with global standards.

The start of construction of Aether by CIVIS not only marks the beginning of a large-scale project, but also synthesizes a vision of the city, the company, and the future, in which real estate development is conceived as a tool to transform the urban environment and responsibly and sustainably support the growth of the country.

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