Cristina Aquino and Florencia Gismondi, advisors at C21 Wilson-Chihan, analyze the renewed dynamism of the Historic Center and share a view from direct experience on how private interest, tax incentives and public policies are beginning to transform the heart of the capital. For decades, Asunción's Historic Center was a territory suspended between memory and oblivion. The epicenter of the country's political, cultural, and commercial life for much of the 20th century, the area gradually lost its vitality as development centers shifted to Recoleta, Villa Morra, Carmelitas, Las Lomas, and the new hubs of the corporate district. However, in the last year, the narrative has begun to change. The combination of still-competitive prices, tax incentives, new public and private projects, and the arrival of investors with a long-term vision is restoring prominence to a sector that holds a significant portion of the capital's architectural and symbolic heritage. The movement isn't massive, but it is consistent. Agents who work regularly in the area report a steady increase in inquiries, visits, and closed deals for properties with heritage value, as well as greater interest in strategic corner locations and buildings with redevelopment potential. The buyer profile is becoming increasingly defined: foreigners from Europe, North America, and Oceania, as well as Paraguayans who have lived abroad and recognize the city center as an investment opportunity with historical, cultural, and financial significance. This group seeks properties with character, original facades, and architectural elements that preserve the essence of old Asunción, while also valuing the possibility of integrating them into contemporary projects such as boutique hotels, aparthotels, restaurants, or short-term rental units. The sale of recently restored historic mansions, such as Casa Alegra, managed by Florencia Gismondi, demonstrates how a well-structured strategy can translate into concrete results. In this case, the property, completely renovated but preserving over ninety percent of its original materials, sold in just two days, following a market analysis that aligned its price with the actual range buyers are paying per square meter in the area. These types of transactions show that when the price is competitive and the property is well-positioned, demand responds quickly, even in a market that has lagged behind for years. Today, according to surveys by real estate agents, land prices in the Historic Center range from $230 to $330 per square meter, depending on the location. These levels are significantly lower than in areas like Villa Morra or Ykua Satî, but with projected appreciation as the urban revitalization process progresses. In this regard, one of the main challenges remains the gap between the list price and the actual selling price. Properties offered well above the market range tend to remain unsold for years, while those priced at their true value find buyers willing to close deals quickly. The cost of restoring a heritage house is high, especially when original features and period construction techniques are preserved. However, this type of investment attracts a type of buyer who seeks not only profitability but also a sense of identity. In many cases, these are internationally experienced individuals interested in living in or repurposing spaces that convey history and authenticity. Meanwhile, recent trends also include the purchase of older buildings and corner properties for temporary housing or small-scale developments, a segment in which Cristina Aquino has completed several significant transactions in recent years. The scarcity of modern apartments in the city center presents a clear opportunity for investors who can offer affordable units geared toward public employees, young professionals, or students who work or study in the area. According to estimates from local agents, more than six thousand people enter and leave the historic center daily for work, but the housing supply is virtually nonexistent. Consequently, projects that combine restoration and new construction can find a profitable niche with a strong urban impact. Buyer interest is bolstered by the new regulatory environment. The Municipality of Asunción has approved a historic property tax reduction of up to 52 percent for properties located within the perimeter of the Historic Center that preserve or restore their original facades. The measure, which covers approximately 685 hectares, represents a structural shift in the capital's urban policy and seeks to incentivize private investment in an area where maintenance costs are high and tax burdens have discouraged heritage restoration for years. This tax benefit is already in effect and is one of the most important drivers for the revitalization of the central area, replicating strategies that have proven successful in other Latin American capitals, where architectural preservation has become a catalyst for new urban and tourism developments. Alongside these incentives, public interventions, though slow, are beginning to take effect. The Inter-American Development Bank loan earmarked for the revitalization of the historic center, the underground wiring and sidewalk improvement plans spearheaded by the First Lady's Office, and the collaboration between the Secretariat of Culture and the Ministry of Public Works in the restoration of museums and emblematic buildings are all part of a broader urban renewal process. The private sector is also starting to play a leading role, with initiatives around the Port of Asunción and the riverfront promenade led by developers like G5Pro, who plan to transform former industrial areas into new hubs for housing, culture, and entertainment. Some real estate developers are also actively searching for land within the historic center, especially for vertical development projects. In recent weeks, there have been acquisitions of large properties by major private groups who recognize not only the appeal of the new tax scheme but also the boost generated by public investments in infrastructure, urban revitalization, and the restoration of architectural heritage. The private sector, both local and foreign, is thus beginning to strategically position itself in the heart of the capital, anticipating a gradual revaluation of the central area that could solidify in the coming years. Despite renewed interest, the city center still faces structural challenges. Street cleanliness remains a recurring concern for residents and businesses. While new containers and collection systems have been implemented, a lack of civic awareness and insufficient coordination between authorities and residents hinder sustainable results. A perception of insecurity also persists, especially in areas where the police presence, far from providing reassurance, reinforces the feeling of risk. However, those who live or work downtown agree that urban life has visibly improved, particularly on weekends, when the streets are filled with families, cultural events, and food activities. The investment equation in Asunción's Historic Center combines economic, heritage, and emotional variables. On the one hand, the market offers prices that are still low compared to the rest of the city and acquisition opportunities in prime locations. On the other hand, the restoration of heritage buildings provides access to a scarce type of asset with symbolic and cultural value that is difficult to replicate. Added to this is a public policy environment geared toward revitalization and a global trend toward reclaiming historic centers as spaces of identity, tourism, and urban life. If regulatory, infrastructure, and security conditions continue to improve, the city center could solidify its position as one of the capital's most dynamic sectors within the next three to five years. For developers with the capacity for architectural intervention, for investors with a medium-term vision, and for citizens seeking to reconnect with Asunción's living history, the time to once again look to the heart of the city seems to have arrived. The Historic Center, with its blend of past and future, is re-emerging as a land of opportunity, where urban memory can be transformed into economic value and where the beauty of the old is once again synonymous with the future.

Petra Tower represents an unprecedented achievement in Paraguayan engineering, combining design, innovation, and technology in the tallest tower ever built in the country. Sofía Cartes, presidenta de CECON; Carlos Guasti, presidente de Grupo Petra; y Connor McEnroy, presidente de Banco Sudameris, durante la inauguración de Petra Tower. With an event that brought together prominent figures from the public and private sectors, Grupo Petra officially inaugurated Petra Tower, the tallest building in Paraguay and a new icon of the Asunción skyline. The ceremony was attended by Mr. Connor McEnroy, president of Banco Sudameris; Sofía Cartes, president of CECON; Dr. Raúl Latorre, president of the Honorable Chamber of Deputies; the mayor of Asunción, Luis Bello; as well as investors, clients, representatives of TECINCI, directors, managers, and collaborators of the development group. The opening of Petra Tower marks a historic milestone for Paraguayan engineering and architecture, consolidating the vision of a modern, ambitious Asunción in sync with the region's major capitals. At 179 meters tall and with 43 levels, the project redefines the urban skyline and symbolizes a new stage of evolution for the capital. During the event, the president of the Petra Group, Carlos Guasti, highlighted the symbolic and technical significance of the project: “Today, Asunción receives a new legacy. It is the beginning of a modern Asunción, a city we have been dreaming of for many years and that is now becoming a reality. This tower is the beginning of a new era and the starting point for many other projects to come. It is the beginning of an Asunción that is in tune with the cities of the region.” Petra Tower represents the culmination of a sustained growth process that has accompanied the group's trajectory since its inception. Over the course of nearly a decade, Grupo Petra took on new challenges, evolving from smaller-scale residential buildings to large-scale projects such as Ágora and Fórum Molas López, which marked a turning point in the verticalization of the city. With Petra Tower, that vision reached its peak, consolidating the dream of building the tallest building in the country. Conceived in 2021, Petra Tower was born as a high-impact urban and technological project, developed with the advice of international experts in high-rise structures and architectural design. These experts include professionals with experience in the skyscrapers of Balneário Camboriú, a Brazilian city known for housing the tallest residential buildings in South America, and in the Sena Tower, considered one of the tallest in its category in the world. One of the project's most innovative contributions was the collaboration with the University of Genoa (Italy), which participated in the building's aerodynamic study through wind tunnel testing and the development of sensors installed on different floors to measure wind behavior at high altitudes. This initiative generated unprecedented information for the country, which will serve as a reference for future large-scale projects. The building's construction posed unprecedented technical challenges for the local industry. CECON, the company in charge of the concreting, had to design a new type of mix and logistics to pump concrete to a height of more than 170 meters, a procedure never before attempted in Paraguay. Furthermore, the elevators, construction equipment, and transportation systems were adapted to operate in extreme conditions, establishing new standards of safety and efficiency. Petra Tower incorporates advanced digital monitoring systems that allow real-time monitoring of water tanks, electric generators, and fuel levels. A French-sourced power distribution system was also implemented, a technology used in high-end corporate buildings that distributes power through encapsulated busbars, reducing the risk of fire and electromagnetic interference. This system, installed in partnership with the National Electricity Administration (ANDE), makes Petra Tower the first residential building in the country with this level of energy automation. In terms of security, the tower is equipped with hydrants on all floors, pressurized emergency systems, and continuous monitoring of the facilities, positioning it as a benchmark in vertical infrastructure. The building's architectural design balances functionality, aesthetics, and technology, with a structure designed to optimize the residential and urban experience. The first six levels are designated for parking, ensuring capacity, accessibility, and safety for both owners and visitors. The building has 199 apartments distributed across two large segments. Two-bedroom units are located on levels 8 to 26, designed for families and residents seeking greater space and comfort. On floors 28 to 42, studio and one-bedroom units are located, geared toward young professionals and short-term rentals. On the 27th floor is the Kessel restaurant, a first-class dining experience open to the public and offering one of the most impressive views of Asunción. This same level also houses a pool and a children's play area, providing a recreational and meeting space for residents and visitors. The 43rd floor houses another level of amenities, with a panoramic gym, two indoor barbecue areas and a semi-open barbecue area, a pool, and a smart mini-market that allows shopping via facial recognition (Face ID) and credit card payments, designed exclusively for residents. This segmentation responds to a planning approach that seeks to integrate different user profiles within a single complex, harmonizing lifestyles and housing needs in a vertical environment that redefines the experience of living in the city. Petra Tower also incorporates a Building Management System (BMS), which digitally monitors all building services, offering owners centralized control over consumption and maintenance. Although Petra Tower received international consulting, its entire development, design, and execution were carried out by Paraguayan engineers, architects, and technicians. From the product's conception to its final construction, the project was executed with national labor and under the direction of Cronos, a Petra Group company dedicated to the design, planning, and supervision of construction projects. The group, which currently comprises nine companies, encompasses various areas of the real estate business: Petra Urbana and Invicta as developers; Asunción Apartment, Ciudad Modelo, Remax Urbana, and Hestia, focused on commercial management and rentals; Cikla, dedicated to recycling and waste management; and Alma, responsible for the complete furnishings of the units, amenities, and common areas of the building. Grupo Petra's vision is now geared toward the development of mixed-use projects, such as Petra Imperiale and Invicta Mariscal, which integrate housing, offices, entertainment, and services in a single complex. "Our goal is to provide comprehensive urban solutions that address people's daily lives within a single space. We want Asunción to grow not only in height, but also in quality of life," said the group's president. The concept of "rebuilding Asunción" permeates the company's philosophy. With more than 2.7 million inhabitants in the metropolitan area and just 600,000 residents in the capital, the group seeks to promote projects that encourage people to stay and enjoy urban life in the city, creating a more active, livable, and sustainable environment. With its imposing 179-meter structure, cutting-edge technology, and comprehensive design, Petra Tower not only redefines Asunción's skyline but also positions Paraguayan engineering at a new level of regional excellence. The building stands as a symbol of modernity, resilience, and a vision for the future, the result of collaborative efforts between Paraguayan companies, institutions, professionals, and hundreds of collaborators who participated in its construction. For Grupo Petra, the tower represents more than just an architectural work: it is a declaration of principles and a symbol of collective achievement. Its development reflects the capacity of Paraguayan talent to tackle complex challenges, incorporate innovation, and raise quality standards at all levels. With this project, the company reaffirms its commitment to urban progress and a vision for a country that looks to the future with determination. With the opening of Petra Tower, Asunción takes a firm step toward the future, consolidating its transformation into a city that looks upward, but with its feet firmly planted in the talent and capacity of its people.

Located in the heart of Las Lomas, Met del Sol elevates the concept of urban living in Asunción, emphasizing proximity, efficiency, and functional elegance. The JGL Casatua Consortium, comprised of Jiménez Gaona y Lima and Casatua Real Estate, held the groundbreaking ceremony for Met del Sol, officially marking the start of construction on the site located on the corner of Narciso R. Colmán and Dr. Cirilo Cáceres Zorrilla, in the heart of the Las Lomas neighborhood of Asunción. The event brought together the consortium's principals, Ramón Jiménez Gaona, Oscar Bedoya, Juan Francisco Gils, and Santiago Steed, along with the architectural, construction, commercial, and investment teams involved in this new development. Beyond the symbolic nature of the event, the meeting marked a new chapter in the consolidation of a vision that seeks to redefine the standard of urban living in Paraguay, integrating design, functionality, and sustained value. Met del Sol is the fourth project in the Met series, a line of buildings that evolves with each launch, adapting to new ways of living and consolidating an architectural identity that combines sophistication, efficiency, and a precise understanding of market needs. The Met brand, born from the conviction that true luxury lies in the coherence of aesthetics, comfort, and durability, represents a philosophy that transcends the purely architectural. Each development stems from accumulated learning, from observing how the ways of living, working, and interacting with the city change. Thus, the series has managed to build a conceptual continuity where each building perfects the previous one, combining technological innovation, contemporary design, and a special sensitivity to the urban environment. During the event, Estefanía Dubarry, the Consortium's Commercial Manager, emphasized that "each Met represents an evolution," recalling that these projects are born from listening to the market and from the shared conviction of continuing to contribute to the development of the Las Lomas neighborhood with lasting projects. This purpose is reflected in the attention to detail, technical precision, and commitment to architecture that remains relevant over time. In a context where real estate growth is often measured by volume, Met del Sol reaffirms that true progress is defined by quality, consistency, and vision. Located on one of the most strategic corners of the Las Lomas axis, steps from the Shopping del Sol and just minutes from the capital's main restaurants, corporate offices, medical centers, and cultural venues, the project offers a privilege that has become rare in Asunción: living close to everything. In a city where distances require travel by car, this development proposes a new interpretation of urban planning: the possibility of enjoying a walkable life, where each day becomes an efficient and pleasurable experience. The location not only offers convenience but also an intangible quality that today defines urban luxury: the freedom of time. Living in Met del Sol means enjoying a connected environment, where everyday life is simplified and personal space is expanded, not by size, but by harmony and design. The building, with only 35 apartments, reaffirms the brand's pursuit of intimacy, comfort, and exclusivity. The 28 one-bedroom and 7 two-bedroom apartments were conceived with an obsession with optimizing space, light, and natural ventilation. Each unit reflects a balance between elegance and functionality: integrated kitchens with La Bella Cucina appliances and Silestone countertops, floor-to-ceiling sliding windows that expand the boundaries between inside and out, and a comprehensive home automation system that allows lighting, air conditioning, and security to be controlled from a smartphone. Everything is designed to offer a contemporary, practical, and sensorial experience, where the design does not seek to impress, but rather to improve the quality of everyday life. The eighth floor of Met del Sol is conceived as a space for connection, relaxation, and well-being. It houses amenities that embody the philosophy of balance between work and leisure: a ten-meter pool with a sundeck and outdoor showers, a gym with access to the terrace, an indoor barbecue grill that expands onto a pergola terrace, a sauna area with a shower, and a Whisky Room designed for more intimate and relaxed gatherings. Each space was designed to stimulate residents' physical and emotional well-being, promoting enjoyment and socialization within a controlled and serene environment. These spaces seek to offer tools for a more balanced life, where aesthetics and functionality blend naturally. The project also reflects a technical and environmental commitment to efficiency and sustainability. From the choice of premium materials to the integration of energy-efficient faucets and appliances, Met del Sol is built on a foundation of responsibility, durability, and precision. Every construction decision reflects a vision that prioritizes long-term quality, understanding that a well-designed building not only generates economic value, but also urban and social value. In a country with a stable economy and a booming real estate market, developments of this nature consolidate Paraguay as an attractive and reliable destination for real estate investment, especially in a global context marked by uncertainty. The launch of Casatua Hospitality, the consortium's hospitality division, reinforces this comprehensive vision. With an approach that combines property management with contemporary hospitality standards, the brand offers a model that guarantees absolute comfort for residents and superior profitability for owners. From the design of the spaces to personalized 24/7 service, everything at Casatua Hospitality is designed to anticipate desires and exceed expectations. Its philosophy is summed up in a clear premise: they are not simple operators, but creators of experiences. This division differentiates itself by offering a comprehensive service that transcends traditional management, integrating intelligent design, efficient operations, and attention to detail that turns every stay into a memory and every investment into a living asset. The JGL Casatua Consortium bases this proposal on a consolidated track record and a reputation based on trust. The union between Jiménez Gaona y Lima, a leading construction company in engineering and infrastructure, and Casatua Real Estate, a developer with a strategic vision and a strong commitment to design and personalized service, has given rise to a synergy that redefines high-end real estate development in Paraguay. Its most notable projects include Jade Park, Met Las Lomas, Met Santa Teresa, Met Molas López, Cosmopolitan, Casa M, and Matter, all conceived under a common theme: the pursuit of excellence and the creation of sustainable value. With Met del Sol, the consortium once again consolidates its leading role in Asunción's corporate and residential district, helping to transform the urban landscape with projects that connect with their surroundings and elevate the city's standards. It's not just about building a building, but about creating a way of life that combines exclusivity, design, and connectivity. In a capital that is beginning to discover the nuances of contemporary urbanity, Met del Sol stands as an urban refuge for those seeking to inhabit the future with elegance, intelligence, and purpose. To learn more about Met del Sol, please complete the form below.

The Asunción City Government's Department of Private Works is promoting an internal reform that combines digitalization, statistical control, and collaborative management to accelerate plan approval, optimize technical processes, and support the capital's building growth with greater efficiency and transparency. The Asunción City Government's Department of Private Works is advancing an institutional modernization process aimed at streamlining the approval and regularization of plans, optimizing administrative procedures, and strengthening taxpayer service. Under the direction of architect Nicolás Chaparro, the municipal department initiated a comprehensive restructuring that seeks to reduce processing times and improve the efficiency of the technical system through digital tools and a more collaborative management system. One of the first actions implemented by the new administration was a thorough review of pending files. The technical team began analyzing each case, identifying bottlenecks that were causing delays and stoppages in the process. Based on this review, a direct follow-up mechanism was implemented, through which those responsible for each file are contacted to resolve observations and move toward approval. This approach made it possible to streamline the circulation of documents and, at the same time, generate a positive impact on municipal revenue, which is expected to close the month with favorable results. One of the most important pillars of modernization is the optimization of the Comprehensive Tax Administration System (SATI), a platform that allows for online tracking of technical files. The system update significantly reduced the bureaucratic process that traditionally accompanied the approval of plans. The adjustments implemented, along with the IT equipment, aim to improve the traceability of procedures and monitor the work of each responsible technician in real time, creating a more transparent and efficient environment. Digitalization has also reached internal communication channels. Through a shared database across different areas, the team can check the status of files, prioritize cases based on their age, and directly file complaints about identified delays. This simple yet effective tool has enabled a substantial improvement in daily coordination and responsiveness to taxpayers. At the same time, the Department has introduced a dynamic morning operational meeting that allows for more precise planning of the workday. These meetings establish priorities, distribute responsibilities, and share progress reports with the technical team, consolidating an administrative culture based on organization and discipline. Another key component of this new phase is the implementation of an internal statistical control system. Starting this week, the Directorate will begin publishing weekly reports with precise data on the number of resolutions issued, plans approved, regularizations, and demolitions carried out. This mechanism will allow results to be measured, trends to be identified, and concrete improvement goals to be established, strengthening accountability and institutional planning. The goal is to build an administrative structure capable of responding swiftly and predictably to the growing demand for construction projects in the capital. Systematic monitoring of these indicators will allow not only the evaluation of the team's performance but also anticipate technical needs and coordinate more efficiently with other municipal departments. Asunción's growth continues to set the pace for public administration. According to an analysis by the Department of Private Works, the city maintains a sustained trend of building expansion, with a strong concentration in the city's corporate hubs and in emerging development areas such as the Costanera and the Las Lomas neighborhood. The year is expected to close with a significant increase in the number of approved plans compared to the previous period, reflecting the confidence of the private sector and improved administrative turnaround times. The administration headed by Chaparro seeks to consolidate a more efficient and service-oriented system, reducing unnecessary procedures and eliminating requirements that do not add technical value, without altering the formal steps established by current regulations. The goal is to maintain control and quality standards, but with a more modern and pragmatic approach that aligns with the dynamic investment in the city. With this transformation process, the Directorate of Private Works is positioning itself as a key player in the consolidation of Asunción's urban development, promoting more agile and transparent public management aligned with the real needs of the real estate market and industry professionals.

With more than five hectares designed to integrate commerce, services, education, and urban life, the Raíces Real Estate project is consolidating itself as a new planned development hub that drives the transformation of Alto Paraná. With a surface area of over five hectares, the new Commercial Area was designed to become the main hub for services, education, and social life in the region. Its objective is to boost the economic growth of the immediate surroundings while offering residents and visitors a complete urban experience, underpinned by accessibility, safety, and quality. In this first phase, the development includes the development of eight commercial lots, ranging in area from 960 to over 3,000 square meters. These spaces are intended for the installation of retail stores, convenience stores, restaurants, and gas stations, creating a functional base that meets the community's daily needs and promotes economic activity within the neighborhood and its surrounding area. In a second phase, Raíces Real Estate plans to incorporate corporate spaces, educational areas, health centers, and ample parking areas, thus completing a balanced urban fabric that supports Hernandarias's growth and elevates the region's service standards. The development of the area will be carried out over an estimated 48 months, although final progress will depend on the pace of construction by each investor or owner within the complex. In this first phase, the lots will be available exclusively for sale, with no direct leasing options from the developer. However, buyers will have full freedom to use their spaces for rent in the future, encouraging the diversification of commercial uses. The new commercial center does not emerge as a standalone project, but rather as a natural extension of Costa del Lago's comprehensive concept, which combines nature, high-level infrastructure, and a lifestyle based on everyday experience. The central idea is to strengthen the gated community's ecosystem, offering proximity to essential products and services while remaining in harmony with the residential environment. In this way, residents will be able to enjoy the convenience of having shops, restaurants, and services just minutes from their homes, while maintaining the safety, urban design, and construction quality that distinguish the Raíces Real Estate brand. The balance between commercial and residential spaces will enhance the living experience within the neighborhood, fostering a sense of community and belonging. Located on Route PY07, also known as the Export Corridor, Costa del Lago occupies a strategic position within the Alto Paraná expansion axis. This privileged location makes the new commercial area a key point for regional economic integration, with direct connections to the department's main logistics and urban corridors. The project seeks to attract both local SMEs and established commercial operators, creating a mixed environment that fosters complementary services and business development. This openness to diverse investment profiles will boost commercial flow and enhance Hernandarias' competitiveness compared to other urban centers in the eastern part of the country. The launch of the commercial area represents the natural evolution of a project born with a comprehensive urban vision. From its inception, Costa del Lago was conceived as a development that would combine residential living, nature, and waterfront experiences, integrating contemporary architecture and a unique landscape. Its main icon, a 2.9-hectare crystalline lagoon surrounded by white-sand beaches, symbolizes the spirit of the project: to create a space where quality living, well-being, and connection with nature are enjoyed 365 days a year. Over time, the project has established itself as one of the most emblematic gated communities in Alto Paraná, combining first-class infrastructure, security, and a growing community that today sees in this new milestone an opportunity to continue expanding. With the Commercial Area, Raíces Real Estate not only expands the scope of its flagship project in Hernandarias, but also promotes the creation of a new planned urban axis, designed to meet the real needs of the population. The addition of shops, offices, educational institutions, and basic services will transform the dynamics of the area, generating employment, investment, and increased economic activity. This step also responds to a growing trend in the Paraguayan market: the consolidation of multifunctional gated communities, which integrate housing, services, and recreation in a single environment, reducing commutes and promoting more efficient and sustainable living. With more than 33,000 clients, 35 million square meters of development, and 300 real estate projects in more than 60 municipalities across the country, Raíces Real Estate is positioned as one of the leading companies in the sector. Its specialization in large-scale gated communities—more than 20 developments totaling 15 million square meters—has helped redefine the urban growth model in Paraguay. The company is part of the Paraguay Global Compact, a United Nations initiative that promotes sustainable business practices, and is distinguished by an ethical, innovative, and responsible approach in all its operations. These values are reflected in each of its projects, reaffirming its commitment to quality, transparency, and building communities that transcend time.

Modernizing the Paraguayan capital market could transform the way real estate projects are financed, promoting new funds, investment mechanisms, and greater access to institutional capital. The recent parliamentary approval of the Securities and Commodities Market Bill, currently submitted to the Executive Branch for enactment, marks a turning point in Paraguay's financial history. This legislation seeks to fundamentally modernize the legal framework of the capital market, replacing dispersed, outdated structures that are poorly adapted to contemporary economic dynamics. Its scope, however, goes beyond the financial system: the new law could redefine the way real estate projects are financed, structured, and managed in the country. For years, the Paraguayan real estate market relied almost exclusively on bank loans, equity capital contributions, and pre-sale mechanisms as its primary sources of funding. While these instruments were effective in the initial phase of the sector's expansion, their reach proved limited given the growing scale and complexity of urban developments. The lack of a solid financial infrastructure had restricted the participation of institutional and foreign investors, preventing local real estate from evolving toward more sophisticated and sustainable structures. The new Securities and Commodities Market Law seeks to fill this gap by creating a comprehensive framework for the issuance, public offering, trading, and administration of securities, investment funds, and financial products, under the supervision of the Central Bank of Paraguay (BCP) and its Securities Superintendency. The legal text proposes a modern architecture aligned with international financial regulatory standards. Its central pillars include the creation of public and private investment funds, comprehensive regulation of securitization companies, and the incorporation of hybrid instruments, such as convertible bonds, which offer new capitalization alternatives for companies and developers. The central objective is to strengthen the institutional architecture of the capital market, providing it with greater breadth, transparency, and competitiveness. Along these lines, the law reconfigures the roles and responsibilities of issuers, intermediaries, risk rating agencies, trustees, agents, and fund managers, incorporating corporate governance principles and investor protection mechanisms. One of the most important points is the review of the regulations applicable to publicly traded corporations, adjusting voting rules, shareholder rights, external audits, and procedures for withdrawing from the public offering regime. This aspect is key to ensuring market confidence and attracting long-term capital to structured instruments. Among the mechanisms with the greatest potential impact on the real estate sector are investment funds and securitization companies. The former constitute a legal vehicle through which various investors—whether individuals, companies, or institutions—can contribute capital to finance specific projects, with returns associated with the income or appreciation of the underlying assets. Until now, Paraguayan regulations offered a limited and unattractive structure for this type of fund, restricting its use to a small group of financial operators. The new law introduces two distinct categories that substantially expand the options available to the market. On the one hand, publicly offered investment funds, aimed at retail investors, must operate under high standards of transparency, liquidity, and oversight. On the other hand, private equity funds, designed for institutional capital or larger-scale projects, will have more flexible operating and confidentiality rules, allowing for the structuring of more sophisticated instruments tailored to the needs of developers. At the same time, securitization companies are taking on a central role. These companies will be able to transform illiquid assets, such as mortgage loan portfolios, rental income, or rights to real estate projects, into securities tradable on the stock market, allowing developers to finance their projects through the placement of securities backed by real assets. This mechanism, widely used in countries such as Chile, Colombia, and the United States, opens up the possibility of structuring professionalized real estate investment vehicles, such as income trusts, local REITs, or even mixed development and operating funds. The implementation of this law could redefine the landscape of Paraguayan real estate development in three key dimensions: Democratization of access to capital. By establishing a robust regulatory framework for the issuance and marketing of real estate asset-backed securities, the law lowers barriers to entry in the financial market. Medium- and large-scale developers will be able to access institutional capital without relying on traditional banking channels, which are often more restrictive or expensive. Transparency and formalization. The new regime will require higher standards of reporting, auditing, and risk rating. This will not only boost investor confidence but will also contribute to formalizing a sector where many transactions are still carried out in closed or informal circuits. Attracting foreign investment. Alignment with international standards will facilitate the entry of regional funds and foreign investment vehicles interested in Paraguayan assets. The country could position itself as a new financial and real estate investment hub in the Southern Cone, taking advantage of its macroeconomic stability, relatively low costs, and the growing urban dynamism of Asunción, Encarnación, and Ciudad del Este. In practical terms, the law will allow large-scale projects, such as mixed-use complexes, integrated urban developments, or industrial parks, to be financed through collective investment structures or specific bond issues, backed by the project's future cash flows. It also opens the door for the expansion of publicly offered real estate trusts, already established in more mature markets. In Paraguay, recent experiences such as the Link Center Real Estate Investment Fund and the AFD's structured instruments demonstrated the viability of this model, albeit within limited regulatory frameworks. With the new law, these schemes could multiply and diversify. Another relevant point is the possibility of issuing bonds convertible into shares, a tool that allows debt and equity to be combined into a single instrument. In the real estate sector, this could translate into more balanced partnerships between developers and investment funds, aligning incentives and reducing financial risk. The approval of the Securities and Commodities Market Law represents much more than a technical reform: it is the creation of a financial ecosystem capable of supporting Paraguay's urban growth. By offering a modern and transparent legal framework, the legislation lays the foundation for a new stage of professionalization in the real estate market, where financing ceases to be a constraint and becomes a strategic tool for the country's expansion. When the Executive Branch enacts the law in the coming weeks, Paraguay could begin a decade marked by the integration of real estate, finance, and institutional investment, with direct impacts on the scale, quality, and competitiveness of national urban development.

Located in the heart of Barrio Boquerón 1, the project is conceived as a vertical ecosystem that integrates housing, commercial activity, and collaborative spaces, reflecting a new stage in the urban evolution of Ciudad del Este. In a market that is beginning to mature and diversify, Metrika is establishing itself as one of Paraguay's most innovative developers. With a brief history marked by milestones such as Lofty Co-Living, Fronterra, and Riviere, the company is once again challenging the paradigms of real estate development with its newest project: Lofty City Hub, a building that redefines the future of urban living in Ciudad del Este. Located in Barrio Boquerón 1, the city's most dynamic and sought-after neighborhood, Lofty City Hub was born in an environment that combines the vitality of gastronomy, hospitality, and university education with a growing vocation for life on foot. Boquerón 1 has become the first truly pedestrian neighborhood in Ciudad del Este, where everything is within walking distance: cafes, restaurants, hair salons, gyms, and everyday services that make up an open, active, and safe urban experience. One block from the lake and with a guaranteed view thanks to the cul-de-sac that leads directly to the shore, Lofty City Hub's location epitomizes the city's new spirit: young, vibrant, and experience-oriented. The building will be developed over 24 levels, organically integrating commercial areas, residences, collaborative spaces, and technological amenities. The architectural proposal is based on criteria of efficiency and sustainability, seeking to maximize the real estate and functional value of each square meter. The "urban hub" concept is realized here as a mixed-use ecosystem that brings together residents, visitors, entrepreneurs, and tourists in a single space. From the food and service venues on the ground floors to the residential levels and the rooftop with sky bar, each section of the building is designed to respond to the needs of a new generation of urban dwellers: students, young executives, and digital nomads seeking flexibility, connectivity, and community. One of the project's distinctive features is its hierarchical vertical structure. The first floors will house gastronomic venues and urban services, with high-end offerings that complement the building without generating common costs. The intermediate levels will house contemporary residential units of approximately 23 square meters, intended for flexible stays and short-term rentals, while the upper floors will offer Lofty Suites of 40 to 60 square meters, geared toward executive demand. Between these two segments are amenities and common spaces, such as the coworking level, recording and podcast rooms, and a panoramic event hall designed for both social and corporate use. At the top, a double-height sky bar will become the first rooftop bar in Ciudad del Este with this design category, crowning the building as a new urban icon. The commercial launch of Lofty City Hub marks phase zero of the project, with units starting at USD 35,000 for 23 m² apartments, with an average price of USD 1,500 per square meter. The direct financing scheme allows for entry with a 10% down payment and the balance in 30 interest-free months, offering buyers flexibility based on the type of property, orientation, and height. Construction is scheduled to begin in January 2026 and is projected to be completed in July 2028, with a total construction period of 30 months. This commitment to concrete dates distinguishes the project in a market where many developments are launched without defined execution timelines. Beyond its design and structure, Lofty City Hub represents a comprehensive investment model. The developer offers a professional 360° management system, encompassing complete unit management, from development and leasing to maintenance, tax payments, and results reporting. This service, provided in partnership with a specialized company that also manages the Fronterra and Lofty Co-Living projects, allows investors access to transparent, performance-oriented management. In a market where investors' primary concern is ensuring occupancy and effective rent, this management represents a decisive differential. According to CEO Carlos Jorge Gómez Núñez, the goal is to offer security and tangible results: "The biggest fear investors in Ciudad del Este fear is not knowing if their unit will generate the expected rent. We make sure that happens. Today we manage more than seventy rented units and Lofty Co-Working is practically full." Metrika's strategy is based on a long-term vision and a keen understanding of the urban evolution of Ciudad del Este. The company identifies a cycle of expansion in this city similar to the one Asunción experienced a decade ago: a verticalization process driven by real demand, sustained land appreciation, and the opening of a local market to real estate investment. Metrika's prior experience reinforces its execution capacity. Founded in February 2021 by Carlos Jorge Gómez Núñez, Mauricio Segales, and Darío Arce, the company has positioned itself in record time as one of the most dynamic firms in the country. Based in Asunción and with an active presence in Ciudad del Este, its current portfolio includes Fronterra , already delivered; Lofty Co-Living , with almost full occupancy; and Riviere , a premium residential project within the Paraná Country Club whose construction began in March of this year. Its technical solvency is backed by Constructora Gómez Núñez, a Paraguayan company with more than three decades of experience, responsible for the execution of Lofty City Hub. Metrika's impact transcends the scale of a single building. In just five years, the company sold more than 76 units in Lofty Co-Living within eight months, mostly to local investors who had not previously participated in the real estate market. This phenomenon demonstrates not only the brand's ability to attract buyers but also the changing profile of Paraguayan investors, who are increasingly willing to invest in sophisticated, flexible, and highly profitable products. At Lofty City Hub, this equation is reinforced by a projected return of over 10% per year in dollars, consolidating the project as one of the most attractive opportunities in the eastern region. Lofty City Hub is not simply a tower. It's a manifesto about a new way of living and investing in Paraguay. A project that focuses on innovation, connectivity, and sustainability as core values, and that translates into architecture a philosophy of life based on community and experience. In the words of Gómez Núñez, "We're not just talking about square meters; we're talking about experiences that move, spaces that inspire, and opportunities that generate real value." With this development, Metrika reaffirms its role as a pioneer in the new generation of urban spaces, designing not only buildings but ecosystems that interact with the city and pave the way for a more mature and cosmopolitan era of Paraguayan real estate.

The "Tax Balance" ordinance, approved by the Municipality of Asunción, introduces a reduction of up to 52% in property taxes and additional benefits for heritage properties, with the aim of stimulating investment, restoring the old town, and promoting the repopulation of the downtown area. The recent approval of the "Tax Balance Project" marks a turning point in the revitalization of downtown Asunción. Promoted by the Asunción 500 Years Commission—led by the Office of the First Lady in close coordination with the Municipality of Asunción—the initiative introduces a reduction of up to 52% in the property tax applicable to numerous properties in the historic center, in addition to an additional 5% reduction in the construction tax for buildings classified as heritage sites. This measure, considered the most significant tax measure in recent years for the historic center, seeks to encourage investment, restore the value of the architectural heritage, and promote the repopulation of the area. The agreement is the result of more than six months of technical and collaborative work between various institutions, resulting in the presentation and subsequent approval of the municipal ordinance creating the new Urban Zone 16 (U16). This decision unifies the former tax zones U05, U06, and U11 under a single, more balanced tax regime consistent with current market values. Scheduled to come into effect in 2026, the ordinance establishes a revised tax base that corrects distortions accumulated over decades and allows for a fairer redistribution of tax burdens within the historic center. According to architect Omar Cubas Fanego, executive director of the Historic Center of Asunción, the project seeks to reverse a process of "urban, social, and economic degradation" resulting from low property tax collection and a significant number of abandoned or underutilized properties. The proposal aims to reactivate the 490 hectares that make up the historic center—with approximately 2,696 lots—and the 195 hectares of buffer zone—which includes approximately 3,366 lots—initiating this process through a substantial reduction in the tax burden. Before the reform, tax values in the downtown area were outdated and fragmented. The average payment was around 540,000 G per square meter, a figure that did not reflect the market reality. With the creation of Urban Tax Zone 16 (ZU16), a new base was established equivalent to that of ZU7, with a value of 257,795 G per square meter. This adjustment will allow property owners in the core area of the historic center to see reductions ranging from 50% to 52%, while in the buffer zone the decrease will be between 30% and 33%. Map delineating the Historic Center of Asunción, distinguishing the core area and the buffer zone included in the new Urban Zone 16 (U16). The project also introduces specific incentives for heritage properties recognized by the National Secretariat of Culture. Those in good structural condition will receive an additional 25% discount on the building's value. At the same time, the Municipality will be able to grant exemptions of up to 12% on certain municipal taxes for owners who submit restoration projects for abandoned buildings, thus stimulating building restoration and the reactivation of construction activity in the area. The proposal also includes a progressive tax equalization plan in other areas of Asunción, especially in highly developed real estate and commercial areas, with the goal of balancing tax rates between sectors with different urban dynamics. Architect Justo Martínez, coordinator of the Historic Center, illustrated the current disparity by pointing out that a downtown building of less than 300 m² could pay an estimated annual tax of 30 million guarantors, while a 500 m² home in the Mburucuyá neighborhood was valued at just 190,000 guarantors per square meter. This gap, which reflected an outdated tax structure, will be gradually addressed through new adjustment criteria. To ensure the regular updating of these values, the ordinance incorporates a five-year review mechanism that will allow for a re-examination of tax trends every five years. Cubas Fanego recalled that the last tax assessment in the area had been conducted for more than three decades, which contributed to the loss of competitiveness of the downtown area compared to other areas of the city. The approval of the "Tax Balance Project" ultimately represents a decisive step toward a fiscal policy that supports the vision of a more inclusive, heritage-responsible, and urban-planning balanced Asunción. By reducing taxes, encouraging private investment, and creating more equitable conditions for urban development, the municipality seeks not only to recover the splendor of the historic center but also to position it as an attractive area for living, investing, and conservation. The measure lays the foundation for a structural transformation that could mark the beginning of a new era for the historic heart of the Paraguayan capital.

Located on Artigas Avenue, the building is integrated into the Waterfront District as part of a new phase in the capital's urban evolution. Its open, efficient, and humane design redefines the way we work and inhabit the city. Yesterday, the official opening of GoTower took place. This building redefines the corporate standard in Asunción and marks a turning point in the development of the Costanera District, an area emerging as the capital's new business hub. Located on Artigas Avenue, the project combines design, technology, sustainability, and well-being, consolidating its position as one of the most significant landmarks in the high-end office market in Paraguay. From its conception, GoTower was conceived as a space designed to enhance the everyday work experience. The building proposes a people-centered architecture that understands work as part of urban life, not as an isolated space. In the first few days of operation, the scene repeats itself naturally: groups of collaborators come down at midday, have lunch in the plaza, rest in the shade, or share an informal conversation before returning to their offices. This spontaneous interaction, visible in the common spaces, reveals the essence of the project: an architecture that fosters human connection and elevates the quality of the work routine. The building has 24 floors and a total floor area of 32,000 square meters, distributed across spacious and flexible floors that adapt to different types of businesses. The program includes 1,000 square meters of amenities and an elevated plaza of the same size, which functions as a truly suspended public space. The complex also has more than 360 parking spaces, ensuring comfort and accessibility in an environment where mobility and connectivity were essential design criteria. The commitment to a more open and participatory urban model is reflected in the way the building integrates with its surroundings. Unlike the traditional logic of gated complexes, GoTower opens up to the city and pedestrians, creating transitional areas between public and corporate spaces. This urban gesture responds to a conviction: the value of a building increases when it contributes to the fabric of the city. Thus, the plaza, entrances, and green areas become natural extensions of the sidewalk, promoting a more friendly relationship between the architecture and its context. The building's architecture is distinguished by its formal clarity. GoTower could have been designed as a conventional prism, but the architects opted to subtract strategic volumes from the complex to break the linearity and generate planes of light and shadow that give the façade dynamism. The result is an elegant and timeless volume, with changing reflections that vary throughout the day depending on the sun's orientation. The envelope is composed of a high-tech glass system that filters solar radiation, improves thermal efficiency, and reduces energy consumption. The simplicity of the architectural gesture reinforces a recurring idea in the architects' work: achieving impact through the essential. Inside, the building displays a language of sobriety and detail. The finishes were executed with millimetric precision, ensuring the blending of materials and the visual continuity between spaces. The materials are mostly locally sourced, but were crafted with superior workmanship, elevating their perception. Some pieces, however, were specially selected on the exterior: the lighting fixtures in the main hall come from a design studio in Barcelona, while certain cladding was imported from Italy. The integration of these elements gives the building an international character without disrupting the overall coherence of the complex. From its highest levels, the building offers panoramic views of Asunción and the Paraguay River. The presence of water and greenery frames the urban landscape and reinforces the idea of balance between nature and the city. Overall, GoTower embodies a contemporary way of understanding work: efficient, sustainable, and in harmony with its surroundings. The concept of sustainability runs throughout the project. GoTower is LEED certified, guaranteeing high standards of energy efficiency and environmental management. The building incorporates rainwater harvesting systems, power consumption control, intelligent ventilation, and carbon dioxide monitoring, ensuring indoor air quality superior to that of the surrounding environment. Even in adverse conditions, such as the seasonal fires affecting the capital, the filtration systems maintain clean air inside the offices. These technical decisions reflect a comprehensive understanding of comfort, encompassing both physical well-being and environmental sustainability. In terms of safety, the tower was developed under NFPA regulations, which establish the most demanding standards for fire prevention and evacuation. The building features a double pressurized staircase, automatic sensors and sprinklers on all floors, and a comprehensive management system that allows for maximum emergency response efficiency. This level of regulatory compliance is one of the reasons why several multinational companies have chosen GoTower as their headquarters, recognizing the value of working in an environment designed for safety and operational stability. The building was developed by Escala Desarrollos, in partnership with Ecoimpa, part of the Wasmosy Group, and Casal Arquitectos, a firm with over 25 years of experience and presence in Asunción and Montevideo. Construction was led by Gómez Abente, a renowned Paraguayan firm. The project also represents Escala Desarrollos' first corporate venture, having led landmark residential projects such as Sky Tower and Feel Asunción, both recognized for their construction quality and high standards of comfort. GoTower introduces a new office logic to Paraguay: a building where well-being, productivity, and sustainability come together in a single space. With rents around USD 20 per square meter and units available for both sale and lease, the project offers a secure investment opportunity in a segment that is beginning to consolidate. The total investment amounts to USD 33 million, and initial demand confirms the attractiveness of the product: several offices were already reserved before the opening, driven by the strategic location and the reputation of its developers. The tower is part of a broader vision. The business group that owns the land, together with its partners, seeks to consolidate a new urban hub in the coastal area, where large tracts of land remain available for future development. In the coming years, the area could become a new corporate and residential corridor, connected to the Costanera and with direct access to the downtown area and the airport. GoTower thus serves as an anchor building for a broader urban transformation, one that combines quality architecture with territorial planning and projection. More than a building, it represents the beginning of a new era for Asunción, where corporate architecture ceases to be a closed space and becomes a place of life, encounter, and projection.

The project, with a target capital of USD 105 million, creates the largest real estate fund in the country's history and will mark a turning point in the urban and financial development of Asunción. Representantes de Codas Vuyk, CRESIA, CADIEM y Gómez Platero durante la presentación oficial del Fondo de Inversión Inmobiliaria Link Center The Paraguayan real estate market is experiencing an unprecedented period of maturity. The convergence of long-standing developers, fund managers with institutional backing, and a growing appetite for local investment has allowed for the consolidation of new financial structures that until a few years ago seemed reserved for the region's main centers. In this context, CADIEM and CRESIA, part of the Codas Vuyk group, announce the launch of Paraguay's largest real estate investment fund for the development of Link Center, a mixed-use complex that will combine world-class corporate offices, a shopping mall, and a residential and hotel tower on one of the most emblematic sites in the Aviadores area of Chaco. With a target capital value of $105 million and over 100,000 square meters of construction, the project marks a turning point for both the capital market and the local real estate market, setting a new standard for investment, management, and urban design in the capital. The Link Center Real Estate Investment Fund, managed by CADIEM Fund Manager, officially becomes the largest financial vehicle in the country's history. Its structure is designed to attract strategic and sophisticated profiles seeking to participate in large-scale development in a regulated, diversified, and transparent manner. With a projected internal rate of return of 13% per year in dollars, a horizon of between eight and fifteen years, and partial capital contributions until the third year, the fund offers unprecedented advantages for local investors, including semi-annual returns starting in the fifth year, exemption from the Dividend and Income Tax (IDU), and liquidity through the secondary market of the Stock Exchange. Unlike traditional pre-sale schemes, this fund does not market individual units: investors participate through equity shares and benefit from the rents and capital gains generated by the entire complex, which will be conceived as a comprehensive rental asset. This model thus allows for unified management of the building, ensuring operational consistency, professional administration, and sustained appreciation over time. Located on Aviadores del Chaco Avenue, in the historic "Quinta Dumot," the project is being built on one of the last large-scale lots available in the corporate heart of Asunción. Its location, between the World Trade Center, the Dazzler Hotel, and across from the Shopping del Sol, positions it within the most consolidated business cluster in the country. In this context, Link Center completes the urban landscape of the area with a mixed-use proposal that combines functionality, sustainability, and contemporary design. The complex will include a 38,000-square-meter corporate tower spread over 32 floors, each measuring between 300 and 1,500 square meters, under international sustainability standards with LEED GOLD certification, positioning itself as the most modern and efficient office building in Paraguay. This will be complemented by a residential tower with a hybrid format between housing and aparthotel, as well as a three-level shopping mall with 8,000 square meters of retail space, designed to invigorate urban life and complement the services of the immediate surroundings. From an urban perspective, the project represents a strategic piece within the Aviadores axis, an area that has consolidated itself over the last decade as the corporate epicenter of Asunción. Located in a corridor lined with office buildings, hotels, and shopping centers, Link Center seeks to integrate and enhance this dynamic with a long-term vision, articulating work, residential, and recreational spaces in a single environment. Its development will provide architectural and functional continuity to the existing complex, generating a new centrality that reinforces the idea of a compact and walkable city. The nearly 10,000-square-meter site is developed longitudinally, facing the avenue and exiting onto side streets, taking full advantage of its connectivity and the natural slope of the land to incorporate underground parking that maintains a clear urban landscape. The architectural design, by the internationally renowned studio Gómez Platero, interprets Asunción's contemporary identity through a composition that balances transparency, scale, and the intelligent use of light. The office tower, conceived as the central feature of the complex, rises with a glass envelope that avoids west orientation through sloping facades, reducing sun exposure and optimizing energy efficiency. Its flexible floor plans, with a height of four meters from floor to floor and three meters of clearance, allow for multiple configurations according to the needs of each tenant, with a central core that houses elevators and technical services. On the upper levels, the design incorporates terraces and a panoramic skybar with privileged views of the city. In contrast, the residential tower adopts a lower scale and blends harmoniously into the surrounding neighborhood, with one- and two-bedroom units, first-class amenities, and a warm architectural language that combines concrete, wood, and vegetation. The semi-covered, pedestrian-only shopping mall serves as a meeting point and transition between the complex's three programs. It combines noble materials such as Corten steel, wood, and large glass surfaces, integrated with carefully designed landscaping to encourage lingering and social interaction. The fund has been approved by the Superintendency of Securities and implements external auditing and professional management protocols, ensuring transparency and security for investors. According to CADIEM, the initiative reflects the current surge in confidence and sophistication in the Paraguayan stock market. Elías Gelay, president of CADIEM Casa de Bolsa, emphasizes that the sustained growth of the capital market has allowed instruments such as investment funds to establish themselves as effective vehicles for channeling capital toward projects with a high impact on the real economy, expanding the participation of institutional and individual investors in the country's development. The fund manager, with more than two decades of experience, 15,000 active investors, and $780 million in assets under management, thus consolidates a new milestone within its line of specialized funds. In terms of projections, Link Center already has more than 50% of its committed capital—approximately $75 million in equity—coming entirely from local capital. This is unprecedented in the Paraguayan market and reflects a profound cultural shift: the growing interest of domestic investors in participating in large-scale real estate projects through regulated financial instruments. With the fund structure already approved and listed on the Stock Exchange, construction is expected to begin next April, with an estimated construction period of five years and a useful life of nearly a decade. The strategy contemplates developing, operating, and leasing the asset, with the possibility of selling it en bloc or partially once its profitability has stabilized, thus generating returns from both rental income and equity appreciation. The development is led by CRESIA, a Codas Vuyk firm created in partnership with Pridelta Capital, which totals over 350,000 square meters of development in Asunción, Encarnación, and Ciudad del Este, and a legacy of over 45 years of construction experience. From the Gómez Platero architectural studio, with over twenty years of international experience and an interdisciplinary team of over two hundred professionals, the project is conceived as a new urban landmark for Paraguay. "We were inspired by the identity of Asunción and international best practices to design a project that harmonizes with its surroundings and reflects the evolution of the city," said Santiago Pérez, the studio's New Business Manager, who highlighted Link Center's commitment to establishing itself as an architectural icon that combines innovation, efficiency, and a sense of place. For CRESIA and CADIEM, the project's true value transcends the material. "We saw an opportunity to create an ecosystem that redefines the way we work, live, and connect in Asunción," said Gonzalo Codas, commercial director of Codas Vuyk and co-founder of CRESIA, explaining the vision behind the development. Santiago Gómez Carrillo, director of the developer, emphasized that Asunción's real estate market, although dynamic in its residential offering, still lacked mixed-use projects that organically integrate corporate, residential, and commercial spaces. "Link Center was born precisely from that vision: to build an ecosystem that combines, in a single location, what already exists in the region's major capitals. We seek to raise the city's standards and consolidate Asunción as a modern and competitive corporate and urban hub in South America," he stated. This philosophy, combined with institutional support and the most advanced financial structure in the country, makes Link Center a key element in understanding the future of Paraguayan real estate development.

The groundbreaking of the Arena Tower consolidates the continuity of Marena, a large-scale development that redefines residential living in Luque with a masterplan of eight towers around a crystalline lagoon. Last Thursday, September 18th, the groundbreaking took place for the Arena Tower, the second building in the Marena masterplan, a real estate development that promises to redefine residential living in the city of Luque. Located on 12 de Junio Street in the Police District, the project is positioned as one of the most ambitious in the country, not only for its size but also for its integration of nature, innovation, and first-class services. Marena's master plan includes the construction of eight residential towers, all arranged around an impressive crystalline lagoon with a beach and palm trees, designed using Crystal Lagoons® technology. The first tower, called Brisa, began construction a year ago and is scheduled for delivery by mid-2026, along with the completion of the lagoon. The Arena Tower, which will have a two-year construction period and is expected to be delivered in 2027, consolidates the continuity of a project that seeks to deliver one tower per year until the complex is completed. On a 32,000 m² fenced lot, Marena is allocating more than 15,000 m² to the central lagoon and beach area, more than 8,000 m² to indoor and outdoor amenities and sports areas, and approximately 600 m² to the commercial area. These are unprecedented dimensions for a residential development within an urban area, making it a true milestone for the Paraguayan real estate market. One of the main features is the crystalline lagoon, equipped with innovative Crystal Lagoons® technology, which allows guests to enjoy turquoise waters and white sand year-round in an urban setting with easy access. This technology is characterized by its environmental efficiency: it requires low energy and chemical consumption, and uses significantly less water than traditional pools, reinforcing the project's commitment to sustainability. Marena was designed with a concept of safe and comfortable living. Vehicular and pedestrian access will be controlled 24/7 within a closed perimeter. In addition, underground parking frees the surface area from vehicle traffic, promoting pedestrian safety and ensuring an ideal environment for families. The complex offers a wide range of amenities designed for all resident profiles: from a gym overlooking the lagoon and a full spa area with a sauna and massage rooms, to an aerobics path, soccer, paddle tennis, and beach volleyball courts. For the little ones, there's a Kids Club with indoor and outdoor spaces, while teenagers will have access to a Youth Lounge equipped with video games, ping-pong, and foosball. The culinary offering also takes center stage, with a Clubhouse featuring a restaurant overlooking the lagoon and a beach bar that will allow you to recreate the feeling of vacation without leaving home. Added to this are the meeting spaces, such as the Clubhouse's Multipurpose Room (SUM) and the private lounges with grills on the top floor of each building, designed for intimate events with panoramic views. In line with new work trends, Marena will include a coworking space in the Clubhouse, specially designed for professionals looking to work close to home in a comfortable environment. The basements will also feature professional laundries for efficient and convenient laundry services. The internal commercial area will allow residents to access a supermarket, pharmacy, or cafeteria without leaving the complex, although with separate and controlled access to preserve the safety of those living within the development. The Marena towers maintain a similar architectural layout, favoring spacious balconies, terraces, and apartment types ranging from studios to one-, two-, and three-bedroom apartments. The main difference between Brisa and Arena lies in the delivery and financing terms. While Brisa will be delivered in July 2026, Arena will be delivered in July 2027, offering longer payment terms and more affordable installments, making it an attractive alternative for investors looking to spread their financial commitments over time. Currently, the Brisa Tower has already registered 90% sales, while the Arena reached 40% in its first weeks on the market, reflecting the strong market reception over the past two years. Furthermore, the Faro Tower is already in the sales phase, with a disruptive financing plan: just a 5% down payment and interest-free installments until 2033. This is a unique scheme in the country, specifically designed for young investors or buyers looking for a long-term home without breaking the bank. Prices at Marena start at USD 80,000, including a covered parking space, which is one of the last opportunities to access pre-sale prices before the lagoon is opened and the project further consolidates its appreciation. With owners who purchase units as an investment in mind, Marena will develop Marena Rentals, a comprehensive rental management service for both traditional and short-term rentals. This platform will offer furnishing, setup, cleaning, billing, and expense management, with the support of the condominium's management. This way, investors will be able to fully delegate the management of their apartments, benefiting from economies of scale in negotiations with cleaning and maintenance providers. This is a key differential in a market where many buyers seek passive investments, without being involved in the day-to-day management of their properties. Marena will be managed by EYDI SA, a firm with extensive experience and great recognition in the local market. Present in Paraguay since 2012, EYDI SA has completed numerous residential and corporate projects in the cities of Asunción, Altos, Pedro Juan Caballero, and Hernandarias. The firm's track record as a Real Estate Developer and Manager has earned it the Top Construction Brands award in 2020, 2021, 2022, 2023, 2024, and again in 2025. EYDI SA also has extensive experience in the construction and management of residential units with Crystal Lagoons® technology, supported by a team based in the corporate hub of Asunción, just three kilometers from Marena. Castex is a renowned Argentine company with over fifty years of experience, having participated in more than one hundred successful real estate projects as a marketer and advisor in Argentina, Paraguay, and Uruguay. Thirteen of these projects feature lagoons using Crystal Lagoons® technology. Its level of professionalism has been recognized for eight consecutive years, from 2016 to 2023, with the prestigious Argentine Real Estate Report award in the Gated Neighborhood and Country Brokers category. The architectural design is by the prestigious Argentine studio Bodas Miani Anger, with significant experience in residential neighborhoods with crystal-clear lagoons in Latin America and the United States. Construction is being carried out by CCI Proyecta y Construye, one of the Paraguayan companies with the longest track record in large-scale projects in Asunción. The start of construction on the Arena Tower not only marks a step forward in Marena's masterplan schedule, but also represents the opportunity to access one of the last pre-sales at introductory prices. With the lagoon nearing its inauguration and a sustained sales pace, the project is consolidating its position as one of the most sought-after residential developments in the country. Marena isn't just a complex of buildings: it's a new way of understanding urban life, where nature, leisure, work, and safety coexist in one place, transforming the experience of living in Luque.

The development combines the expertise of Holding Mediofin and DE Constructora in a 14-story building, scheduled for delivery in August 2027, located steps from Asunción's corporate hub. David Elias, Director de DE Constructora y Franco Winekker, Director del Holding Mediofin On Thursday, September 18th, at 10:30 a.m., the groundbreaking took place for Marina 11, a residential building that promises to make a mark on Asunción's real estate market. With 11 floors of apartments, two levels of parking, and a rooftop designed for socializing and well-being, the project is presented as a proposal aimed at a young, professional, and investment audience seeking to combine functionality with comfort and the experience of living fully. The essence of Marina 11 is inspired by the idea of a free, youthful, and adventurous soul, conceived for those who value both permanent and temporary residence with equal enjoyment and joy. This vision is reflected in every detail of the project, from the layout of the spaces to the selection of its amenities, which have been designed to respond to current market needs. The project's origins reflect a strategic alliance between two well-established companies. On the one hand, Holding Mediofin, owned by the Winekker family, with a track record in developments such as the Áncora Building; on the other, DE Constructora SA, which brings over a decade of experience in the sector, more than 250,000 m2 constructed, more than 40 buildings delivered, and six under construction. The synergy between the two companies was instrumental in shaping a product that combines business strength, real estate development know-how, and a shared vision of quality. The choice of site—a 1,100 m² lot with a 38-meter frontage—allowed for the conception of a building with imposing lines, a design that emphasizes verticality and is embodied in elegant details. The blue-hued facades that point to the sky seek to convey freedom and freshness, without losing the sophistication that characterizes the project. This architectural aspect is complemented by a rational distribution of square footage, maximizing the saleable surface area and taking care of each non-living space to add value to the residential experience. Marina 11 is located steps from the corporate hub and surrounded by urban icons such as Paseo La Galería, Shopping del Sol, and the World Trade Center, with easy access to green areas such as Ñu Guasu Park and Guazú Park, and just 15 minutes from the international airport. The location reinforces the concept of practicality and connectivity, key to a resident profile that combines work, study, leisure, and social life in a single routine. In terms of its housing offering, the building will feature eleven types, including one-, two-, and three-bedroom apartments with floor areas ranging from 29.5 mª to 125 mª. Some units include balconies, a barbecue grill, and a laundry room, and all will be equipped with a kitchen, air conditioning, and bedroom closets. This variety seeks to meet the preferences of different buyer and user profiles, from young professionals to small families, as well as investors seeking compact, high-turnover units. One of the project's most notable aspects is its amenities, conceived as a differentiating value compared to other offerings on the market. The rooftop will feature a heated barbecue area with 360° panoramic views, designed for social gatherings and celebrations. A pool with a sundeck, ideal for relaxation, a laundry area for residents' convenience, and a fully equipped gymnasium will also be added, responding to the growing demand for wellness spaces in the buildings themselves. At the entrance level, the main lobby will feature a concierge and a meeting room area, providing a functional element to residents' daily lives. The financing scheme is another cornerstone of Marina 11. Units are being sold with a starting price of USD 1,330 per square meter, a competitive price considering the location and the building's attributes. Financing includes a minimum down payment of 25%, with a payment schedule during construction—expected to last 20 months—and the possibility of accessing customized plans of up to 5 years with an 8% interest rate in US dollars. Final delivery is scheduled for August 2027, giving buyers ample financial planning time. The backing of Holding Mediofin, through Rodolfo and Franco Winekker, and the proven experience of DE Constructora SA in developing high-quality buildings, ensure that Marina 11 is positioned as one of the most attractive investment and housing options in Asunción. The combination of location, construction quality, architectural design, competitive financing options, and prices comparable to those found in the outskirts of the city create an offering that seeks to respond to current market demands and anticipate the trends of an increasingly demanding public. With Marina 11, Asunción adds a new example of the urban transformation that characterizes its present, where the construction of modern and well-connected residences becomes an essential part of the evolution of the Paraguayan capital's real estate fabric.