AZ Inversiones Inaugurates Alemania Sajonia and Highlights the Potential of Asunción's Traditional Neighborhoods

With an investment of USD 5.5 million, the developer delivered a 71-unit apartment building in one of the capital's historic neighborhoods. The project confirms the existence of unmet demand in established areas with a limited supply of new housing.

AZ Inversiones officially inaugurated Edificio Alemania, its new residential development located on Isabel La Católica Street, between Mariano Roque Alonso and Coronel Francisco López, in the Sajonia neighborhood. The project required an investment of approximately USD 5.5 million and is part of the strategy the developer has been pursuing for several years, based on identifying established neighborhoods with sustained housing demand but a limited supply of new apartments.

The developer explained that the choice of Sajonia was based on the potential it identifies in one of Asunción's historic neighborhoods, characterized by its strategic location, urban consolidation, and a housing demand that, according to the company, still does not find a sufficient supply of modern apartments.

Milton Jara, Director de AZ Inversiones

Proximity to the Palace of Justice is one of the main drivers of demand in the area. Many professionals, especially lawyers, seek apartments to use as offices, while others from other parts of the country need accommodation during their time in Asunción for legal proceedings. Added to this is the availability of private parking, a particularly valued feature in an area where parking is often limited.

The building has nine levels and 71 residential apartments, designed with an architectural style inspired by the Bauhaus school, prioritizing functional spaces and a contemporary aesthetic. It also includes amenities for both residents and investors, such as a swimming pool, gym, zen area, coworking spaces, event rooms, barbecue area, children's play area, lobby with 24-hour reception, storage units, and two levels of parking.

One of the aspects that confirmed the appeal of the project was that one of the two-bedroom apartments was rented even before the inauguration for G. 5.5 million per month, a figure that exceeded the initial projections made by the developer.

Currently, only three two-bedroom units remain available. The apartments are priced at approximately USD 120,000, including parking, and the developer offers in-house financing for up to 36 months, allowing buyers to move in immediately while continuing to make payments.

The execution of the work was carried out by DE Constructora, the company responsible for the construction process of the building.

The selection of new neighborhoods is not solely based on a housing need. According to company executives, the determining factor is identifying areas where there is both the capacity and willingness to pay for quality real estate.

AZ Inversiones recalled that it previously applied a similar strategy in neighborhoods such as Villa Morra and Los Laureles, betting on them before they concentrated the volume of developments they currently present.

During the inauguration, the company also confirmed that demolition and construction of Zenith, its twelfth real estate development, will begin at the end of this month. With this project, AZ Inversiones will reach approximately 796 units developed since its founding and will surpass USD 85.5 million in accumulated investment in Paraguay when it celebrates its fifteenth anniversary in October.

One of the company's key differentiators continues to be the direct involvement of its partners in each project, from the design of the units to the definition of the common areas and customer service. This process allows them to dedicate more time to the layout of the apartments and the user experience, aspects they consider fundamental to preserving the long-term value of the investment.