Last Thursday, May 8th, Grupo Barcelona celebrated the official opening of Paraná Playa Costanera, its newest residential development in the city of Encarnación. The event was attended by investors, residents, real estate agents, and the entire Grupo Barcelona team. With 90% of its units already sold, Paraná Playa Costanera not only symbolizes a commercial achievement, but also the consolidation of Encarnación as an investment and quality-of-life destination. The prime location of Paraná Playa Costanera is, without a doubt, its greatest attraction. Located in a setting that combines the tranquility of green spaces with the dynamism of the city, the project faces the majestic Paraná River, in an area where the waterfront, the most important gastronomic hub, and just one block from Encarnación's main shopping center converge. This enclave not only offers accessibility and convenience, but also gives its residents the opportunity to live with uninterrupted panoramic views of the river, a privilege that has become the project's distinctive feature. Each unit, designed in an L-shaped structure, has been conceived to ensure that both the living rooms and bedrooms have direct views of the river, allowing residents to enjoy the incomparable landscape from the comfort of their homes. During the opening, Grupo Barcelona executives highlighted the positive reception from customers, many of whom are repeat buyers who have placed their trust in the brand on more than one occasion. This loyalty is a testament to the quality of the product and the support of a development group that has established itself as a benchmark in the city. In this regard, they also highlighted the growing interest from foreign buyers, particularly Europeans from Spain, Germany, Switzerland, and Portugal, as well as South American investors, especially from Brazil and Chile. This trend is due to Encarnación's strategic location, close to the historic European colonies, and its projection as a rapidly growing residential paradise. Encarnación is currently experiencing a period of transformation. The opening of new businesses and the expansion of its urban infrastructure have turned the city into a center of opportunity. This growing economic activity generates a steady demand for rentals in well-located areas, such as the Paraná Playa Costanera, where quality housing is still limited. Therefore, purchasing a property in this development not only guarantees an excellent place to live, but also an investment with high potential for profitability and capital gains. According to Grupo Barcelona executives, Encarnación is a city that is just beginning to unleash its true potential, and those who enter the market at this early stage will be able to take advantage of growth opportunities that are no longer available in other, more established cities. Regarding available units, the project has just six two-bedroom apartments remaining, out of the 65 total units in the building. Prices for these last units start at $115,000, with flexible financing options tailored to the needs of buyers. Grupo Barcelona offers its own financing plans and works in conjunction with banks, facilitating the administrative process for obtaining mortgage loans, even with the possibility of immediate approval upon delivery of the units. The amenities at Paraná Playa Costanera have been designed to complement a lifestyle commensurate with its riverfront location. The building features a large pool with a sundeck and panoramic river views, allowing residents to enjoy the scenery while relaxing outdoors. It also features a fully equipped gym, ideal for maintaining a healthy lifestyle, and two heated barbecue areas with river views, perfect for social gatherings and private events. The project also includes three levels of parking, distributed across a basement and two upper levels, ensuring comfort and security for residents and their visitors. The architectural design of Paraná Playa Costanera was led by the prestigious Bauen studio, led by architect Aldo Cristaldo, who has collaborated with Grupo Barcelona on previous projects. This continued professional relationship reflects the trust in high-level design, characterized by functional spaces, the selection of quality materials, and a modern aesthetic that enhances the surroundings. Grupo Barcelona, of Spanish origin and with roots in the city of Barcelona, has built a track record of more than 15 years in Paraguay, establishing itself as a benchmark of trust, security, and solidity in the real estate market. Its first project, the emblematic Edificio Barcelona in Asunción, marked the beginning of a long-term vision that also led them to become pioneers in the city of Encarnación in 2014, with the first major development in the area. Since then, the brand has positioned itself as a strategic ally for investors, backed by the experience and quality of its projects. Its business model integrates various units, including hotels and real estate development. It is notable for building its own projects through its construction company, which allows it to guarantee high standards of quality and compliance. It also offers comprehensive management services, providing investors with a complete solution that encompasses everything from property management to rental management, thus facilitating a secure and hassle-free investment. During the opening event, the owners themselves shared their experiences, highlighting not only the quality of the units but also the ongoing support of Grupo Barcelona throughout the entire purchase and investment process. This support, combined with the group's long-term vision, ensures that Paraná Playa Costanera is not just a residential project, but a symbol of the new Encarnación: a booming city with real investment opportunities, a privileged riverfront setting, and a promising future for those who choose to invest in its growth. For more information, you can contact Grupo Barcelona at +595 982 801000 .

In recent years, Paraguay has moved from being a peripheral market to one of the most attractive destinations for foreign investment in South America. Its macroeconomic stability, competitive tax regime, and abundant natural resources have captured the attention of analysts, international media, and institutional investors, positioning the country as a strategic option for long-term business development. According to data from the Ministry of Industry and Commerce (MIC), in 2024 alone, Paraguay attracted more than 1,100 companies from 55 countries, with Argentina, Brazil, Bolivia, the United States, and Chile being the main sources of investment. This figure is not isolated: according to the Central Bank of Paraguay, foreign direct investment (FDI) reached USD 9,966.6 million at the end of the third quarter of 2024, representing a 4.1% increase compared to the same period last year. This influx of capital is largely driven by the strength of the Paraguayan economy. In July 2024, Moody's awarded the country investment grade status for the first time in its history, with a Baa3 rating and a stable outlook. This milestone was widely celebrated, as it represents greater confidence in global financial markets and facilitates access to credit at lower rates for the country and its companies. After being the fastest-growing country in the subregion in 2024, Paraguay is expected to remain among the most dynamic economies this year. The 3.8% growth forecast by the IMF for 2025 would place it behind only Argentina, which is expected to experience a 5.5% economic expansion this year. One of Paraguay's main distinguishing features compared to its neighbors is its macroeconomic stability. While other economies in the region face high inflation and fiscal crises, Paraguay has maintained prudent monetary policy, moderate inflation, and controlled public debt. Furthermore, the country has one of the most competitive tax regimes in Latin America. The Corporate Income Tax (CIT) rate is 10%, one of the lowest in the region. Added to this is a 10% Value Added Tax (VAT), also considered among the lowest in Latin America, which reduces the tax burden on consumption. Paraguay's overall tax structure generates a total tax burden of around 11.4% of GDP, one of the lowest in the continent, providing greater scope for business profitability. Paraguay also has clear and accessible incentive policies, such as Law 60/90, which grants tariff and tax exemptions to domestic or foreign investment projects that meet certain strategic requirements. This law allows companies to import capital goods, raw materials, and inputs without paying tariffs or VAT, thus encouraging the establishment of industries and local productive development. There are also special regimes such as free trade zones, where companies can operate with significant tax benefits, including full exemption from national taxes, provided their production is destined for export. Likewise, there are special regimes such as free trade zones, where companies can operate with significant tax benefits, including full exemption from national taxes, provided their production is destined for export. This combination of low tax burden, regulatory stability, and investment incentives positions Paraguay as an ideal environment for medium- and long-term projects, especially in sectors such as manufacturing, logistics, agribusiness, and technology. In parallel with the boom in productive investment, Paraguay is also beginning to position itself as an attractive destination for digital nomads and expats. Its favorable tax regime, low cost of living, economic stability, and growing digital connectivity have captured the attention of remote workers and independent professionals seeking a safe and accessible environment in South America. Asunción, in particular, has seen an increase in the arrival of foreign residents who value the city's tranquility, its emerging cultural life, and the opportunity to establish an operational base without the regulatory complexities of other markets in the region. This trend not only boosts the real estate market—especially for short-term rentals and urban residences—but also expands the consumer ecosystem, bringing diversity and human capital to the country's social and economic fabric. Geographic location also plays a strategic role. Paraguay is at the heart of Mercosur, with access to markets with more than 300 million consumers. Through the Paraná-Paraguay waterway, it connects to Atlantic ports, facilitating exports. In terms of resources, Paraguay has one of the cleanest and cheapest energy mixes in the world, thanks to the hydroelectric power produced by the Itaipu and Yacyretá dams. This factor has been key to attracting investment in electro-intensive industries, such as data centers, manufacturing, and agribusiness. Economic dynamism and rising domestic consumption have also driven sustained growth in the real estate sector. Residential, commercial, and corporate projects are multiplying in cities such as Asunción, Luque, San Lorenzo, Encarnación, Nueva Asunción, and Ciudad del Este, reflecting the demand of an expanding middle class and investor interest in capitalizing on rising land values. Local and international developers are investing in innovative models such as gated communities, mixed-use developments, sustainable buildings, and rental-oriented formats. In particular, the corporate sector has seen a boom in new AAA buildings and logistics centers, while the mid-range and upper-middle-range residential segment continues to lead in sales. Furthermore, the price per square meter in Paraguay remains competitive compared to other markets in the region, allowing for attractive margins and capital gains opportunities. On the other hand, access to financing has begun to improve, with local banks offering more competitive mortgage lines of credit and new financial tools such as real estate investment trusts (FIBRAS) beginning to emerge in the ecosystem. From 2019 to 2024, housing loans increased from $422 million to $996 million, more than doubling the loan amount in just five years. This has boosted both supply and demand, allowing for greater professionalization of the sector. Paraguay has managed to consolidate a positive narrative in the world: that of an emerging, stable, accessible country with room for growth. Multilateral organizations and analysts agree that the country is at a mature stage to receive impact investments, especially in sectors such as infrastructure, renewable energy, agribusiness, digital services, and real estate. Paraguay's strategic location, at the heart of Mercosur, is also a differentiating factor. Its connectivity with Brazil, Argentina, and Bolivia allows it to operate as a regional logistics hub, an advantage further enhanced by the low cost of energy from hydroelectric plants such as Itaipu and Yacyretá. This context has driven interest in real estate developments linked to infrastructure, industrial zones, distribution centers, and new planned urban developments. However, there are still challenges that must be addressed to sustain this trend: increased investment in public infrastructure, institutional strengthening, access to financing for SMEs, and improvements in transportation and connectivity systems. It will also be key to maintain policies that provide legal predictability and support urban growth with sustainable planning. Paraguay is no longer a secret. What was once an opportunity seen only by bold investors is now consolidated as a strategic choice for those seeking stable growth. The international spotlight is on the country, and rightly so. With appropriate policies and a long-term vision, Paraguay has all the elements to become one of the most promising development hubs in the region.

With a symbolic event attended by leading figures from the regional business and real estate sectors, CRESIA broke ground on Paseo Boquerón, officially marking the start of construction on its new residential project in Ciudad del Este. The ceremony took place last Wednesday on Pantaleón Aguirre Street, just a few meters from Lago de la República, one of the city's most cherished natural settings. The event was attended by representatives from Codas Vuyk, directors of the Ciudad del Este Chamber of Entrepreneurs, and various commercial partners of the project. Paseo Boquerón is the second project CRESIA has developed in conjunction with Codas Vuyk in Ciudad del Este, following the sales success of VIVO Área 1, an exclusive residential building that already has more than 90% of its units sold. Paseo Boquerón, for its part, has already reached 80% of its units sold in the pre-construction phase. The excellent market response to both projects positions CRESIA as one of the main players in real estate development in Ciudad del Este, demonstrating its ability to identify opportunities, develop high-demand products, and consolidate a modern, functional residential offering adapted to today's lifestyle. In this new proposal, the developer is opting for a mid-scale building, comprised of 11 floors of apartments, with a total of 84 one- and two-bedroom units, designed to respond to a modern, functional lifestyle connected to its surroundings. One of the building's distinctive elements is its contemporary architectural design, with a dynamic and modern façade characterized by curved parapets reminiscent of waves, a tribute to its proximity to Republic Lake. These curved bands alternate throughout the levels, providing movement, originality, and a youthful identity, all framed by glass railings and metal profiles that balance functionality and aesthetics. The building will feature a wide range of amenities, distributed across the ground floor and terrace. These include a multipurpose room, gym, swimming pool, meeting room, game room, and sauna, all designed to enhance the residents' experience. The project also includes parking spaces distributed between the ground floor and two basement levels, with a hierarchical general access on the ground floor, reinforcing the urban and contemporary character of the project. From an investment perspective, Paseo Boquerón represents an attractive opportunity for both traditional and short-term rentals. Thanks to the functionality of its units, its strategic location, and its comprehensive service offering, the project is emerging as an excellent option for those seeking rental income in one of the country's most promising markets. The high demand for the development is already reflected in the market: more than 80% of the units are sold in the pre-construction phase, consolidating Paseo Boquerón as one of the best-selling properties in the region. The actual start of construction is scheduled for late May 2025, and delivery of the units is planned for May 2028, with an estimated completion period of 36 months. CRESIA is a real estate development company created by the partnership of Pridelta Capital SA and Codas Vuyk SA, comprised of a team with extensive training and experience in the sector. Its work philosophy is based on being a connector between real estate projects and clients, committed to vertical growth that not only drives infrastructural development but also social progress. "We believe in the future and we bring it to life through concrete projects," the firm summarizes. With Paseo Boquerón, CRESIA reaffirms its commitment to the urban development of Ciudad del Este, offering a product that combines quality design, housing efficiency, and a proposal that embraces today's lifestyle. More than just a project, this project seeks to become a new way of living and experiencing the city.

In Paraguay, the subsoil and mineral resources do not belong to surface owners, but to the State. This principle, established in Law No. 3180/2007 "On Mining and Metallurgy" and subsequently amended by Laws 4269/2011 and 4935/2013 , lays the foundation for a legal framework that regulates all mineral prospecting, exploration, and exploitation activities in the national territory. For the real estate sector, understanding this legal framework is fundamental. The existence of existing mining rights on a property can limit urban development, affect land appreciation, or, conversely, open up opportunities for complementary economic development in certain areas. Paraguay has significant mining potential, supported by geological studies, although much of the territory has yet to be fully explored. This opens up opportunities for new discoveries and developments. Companies are currently analyzing the economic viability of what has already been identified. Gold and iron ore are already being extracted in Paraguay, and lithium, copper, titanium dioxide, and uranium are in the prospecting or exploration stages. However, Paraguayan mining is still in its infancy, with significant room for development. Article 3 of Law 3180 establishes that all mineral resources are the exclusive domain of the Paraguayan State. This includes metallic and non-metallic minerals, with the exception of stone, earth, and calcareous substances used for construction, which, while not subject to concession, require authorization, supervision, and control by the Ministry of Public Works and Communications (MOPC). This means that a landowner cannot freely exploit sand, stone, or clay without going through defined administrative processes. More importantly, if a third party already has a prospecting or exploitation permit for that property, the landowner cannot object without justified reason. The Paraguayan mining regime distinguishes three stages of activity: Prospecting: A general search for mineral deposits. Lasts up to 1 year. Exploration: Detailed investigation to define the technical and economic viability of a deposit. It lasts up to two years. Exploitation: Commercial extraction of the resource. Lasts up to 20 years, extendable in 5-year periods. Each phase requires authorization from the Ministry of Public Works (MOPC), and an annual fee per hectare is paid, the amount of which varies depending on the stage. For example, for prospecting, the fee ranges from USD 0.35 to USD 0.55/ha/year, while for exploitation, it can reach USD 2.25/ha/year. A particular feature of the legislation is that substances used for construction (stone, sand, clay, limestone) are subject to special regulations. While mining concessions are not granted for these materials, their extraction must be authorized and regulated by the Ministry of Public Works and Transport, especially when it is on a commercial scale. This directly affects real estate developers, construction companies, and urban development projects, as they cannot excavate, extract, or stockpile materials without the proper permit. Failure to comply can result in fines and suspension of construction work. When the holder of the mining right is not the same as the landowner, the law establishes mechanisms to coordinate surface use. If there is no agreement, the MOPC can authorize mining easements (right of way, water use, facilities) or even initiate an expropriation process. To avoid legal conflicts and ensure the viability of a real estate project, it is essential that developers consult the mining cadastre before acquiring land, especially in rural or peri-urban areas. The Vice Ministry of Mines and Energy, under the Ministry of Public Works and Mines (MOPC), maintains an online Mining Cadastre available on its website, where concessions, permits, applications, and those currently "in administrative or judicial process" can be viewed. During the prospecting and exploration phase, mining rights holders enjoy exemption from national taxes (except for royalties) and can import machinery duty-free. This has helped attract international investors, especially in regions such as the Cordillera, Caaguazú, and the Chaco. The law also provides a simplified regime for Paraguayan citizens wishing to exploit areas smaller than 10 hectares. This provision is important in areas where extractive activities coexist with small rural communities. All mining activities must comply with national environmental legislation. The Ministry of Public Works (MOPC), in coordination with the Ministry of Environment and Natural Resources (MADES), may require environmental impact studies and mitigation and restoration plans, and is empowered to impose sanctions and revoke permits if serious non-compliance is detected. For the real estate sector, these laws have clear implications: Before purchasing land, it is advisable to check whether there are any active mining rights on it. If materials (earth, stone, sand) need to be extracted for construction, the corresponding permit must be obtained from the MOPC. In areas with high mining potential, land may have additional value not only due to its location but also due to its geological content. Overlapping rights (real estate and mining) can generate conflicts that must be resolved in administrative or judicial proceedings. In a context of urban growth and sustained demand for infrastructure, the link between real estate development and the mining regime is becoming increasingly important. Understanding these regulations allows investors, architects, and real estate agents to make informed decisions, anticipate legal risks, and discover new business opportunities in Paraguay.

In recent years, the Recoleta neighborhood has transformed from a purely residential area into one of Asunción's most dynamic, diverse, and desirable urban enclaves. Covering an area of 2.63 km², Recoleta is experiencing an unprecedented boom in residential, corporate, and commercial development, while maintaining its historic imprint and neighborhood character. Recoleta owes its name to the Recollect Franciscans, who established their convent in the area where the iconic Recoleta Church currently stands. Over time, it has evolved from a traditionally middle- and upper-middle-class neighborhood with single-family homes, leafy trees, and a strong community fabric into a landmark urban center. This evolution has occurred gradually, respecting the neighborhood scale, integrating innovation without losing its historical identity. The neighborhood's growth is clearly marked by the growing demand for housing in central areas that offer connectivity, infrastructure, services, and security. This has led to a gradual transformation of the urban landscape, where traditional single-family homes are giving way to high-rise developments. This trend has been driven primarily by young professionals, childless couples, and older adults seeking an active urban lifestyle, with everything just minutes away. Currently, numerous real estate projects are underway, with Central Mariscal, developed by Altius Group Paraguay, standing out as one of the most ambitious in the city. This mixed-use complex will integrate a corporate building, two residential towers (MORE), a gastronomic and commercial promenade, and parking spaces, consolidating Recoleta as an epicenter of urban innovation. In addition to Central Mariscal, Recoleta is also home to several other developments underway that aim to redefine its skyline and strengthen its residential and corporate presence. These include First Mariscal, Civis Mariscal, Palmanova Villamorra, Palmanova Pacheco, Soho Flats, and Aires Recoleta. These projects, driven by renowned local and international developers, confirm the growing interest in investing in established urban areas with services, connectivity, and an environment that balances residential life with commercial and social activities. An emblem of this urban renewal is La Cuadrita, a pedestrian street that extends along Alberto de Souza Street, between Cruz del Defensor and Cruz del Chaco streets. Opened in April 2024, La Cuadrita was inspired by international models of depaving, where cities are converting traditional streets into vibrant, sustainable, and inclusive public spaces. Today, La Cuadrita is one of Recoleta's most visited spots, boasting a first-class culinary offering that includes Patria Parrilla, Mozzafiato, Pecadora, Pintón, La Provista, and Pez de Mar Dulce, all iconic signature restaurants. This promenade, where gastronomy, art, and vegetation merge, sets a new standard for urban coexistence in Paraguay. Located in the heart of the neighborhood, Shopping Mariscal has established itself as one of the most important shopping centers in the country. With more than 115 retail stores, 20 dining options in its food court, four in Plaza Mariscal, and 23 in the Mercado Mariscal, it represents a constant attraction for thousands of people who visit it daily. The shopping center has recently been remodeled to blend more seamlessly into the public space, facilitating pedestrian access and creating a more fluid flow between the street and the mall. On weekends and evenings, both the Mariscal Market and Plaza Mariscal become lively meeting points, further invigorating the area. Recoleta is home to several key banking institutions in the country. Banco Atlas, Banco GNB, and Citi Bank have their headquarters here, while Sudameris Bank, Itaú, Interfisa, and the BNF actively operate in the area with high-volume branches. Furthermore, the Inter-American Development Bank (IDB) has its headquarters in Recoleta, reinforcing the neighborhood's institutional and corporate presence. The most significant corporate buildings already operating in the area are Citi Center, Mariscal Center, Atlas Center, and Torre de las Américas. Additionally, New World Tower and Asunción Trading Center, two new office towers, are under construction and will significantly expand the premium space offering for national and international companies. The neighborhood's educational infrastructure is also notable. Recoleta is home to historic institutions such as Colegio Las Almenas, Colegio Santa Clara, and Colegio Campoalto, all with over 40 years of history, educating generations with a solid academic and humanistic focus. In the hotel sector, two of Asunción's most elegant and renowned accommodations stand out: Hotel La Misión and Hotel Hub. Both are frequently chosen by celebrities, businessmen, and diplomatic figures, thanks to their strategic location, excellent services, and discretion. In addition, the neighborhood offers a wide variety of services that complement the urban lifestyle: a spa, hair salons, gas stations, Biggie convenience stores, three Superseis stores, and a Real Supermarket, covering all the daily needs of its residents. Although Recoleta is a well-established area, its green infrastructure needs attention. Plaza Manuel Ortiz Guerrero, Plaza José Asunción Flores, and Plaza Infante Rivarola are traditional spaces in the neighborhood, with high symbolic value, but they require renovation and modernization. Even so, the recent renovation of Mirador Recoleta, a small urban space with an attractive and well-maintained design, demonstrates that with commitment and investment, these places can become oases of encounter, relaxation, and community life. The Centenario Club, founded in 1937, is one of the most prestigious institutions in the country and a social icon of the neighborhood. Its infrastructure occupies 67,983 m², including 14,500 m² of civil buildings, 12,240 m² of parking, and 20,000 m² dedicated to sports facilities. The club represents not only a recreational space but also a key point of social integration between generations. Club Centenario One of the most transformative elements of Recoleta's new face has been the creation of the Mariscal Neighborhood Association, an initiative driven by business owners and residents committed to the neighborhood's harmonious development. In less than three years, this association has substantially improved the quality of the urban environment through concrete actions: removing fences, improving sidewalks, improving public gardens, cleaning, painting curbs, and signage. The Association not only seeks to beautify the neighborhood, but also strengthen the sense of community, promote pedestrian safety, and position Recoleta as a replicable model of inclusive and sustainable urban development. In its balance between the traditional and the contemporary, Recoleta represents the new face of Asunción. A neighborhood where every block tells a story, every project reflects a vision of the future, and every urban intervention seeks to make life more fulfilling. With an expanding ecosystem that includes culture, business, education, gastronomy, housing, and community, Recoleta stands as an exemplary case of urban transformation and a strategic opportunity for those who wish to invest, live, or build a city.

Yesterday, Altius Group Paraguay officially launched MORE Plaza, its latest real estate project in Asunción, during an event held at its showroom located at the corner of Nuestra Señora del Carmen and César López Moreira streets in the Manorá neighborhood. The location chosen for the event was no coincidence: it is the very location where the complex will be built, which has already reached 50% of units sold in the pre-sale phase. Directivos y equipo ejecutivo de Altius Group Paraguay durante el lanzamiento de MORE Plaza With a strategic location, just steps from Shopping del Sol and the corporate hub, MORE Plaza consolidates the success of Altius and raises the standard of urban housing in Paraguay. The project will be built on a 22,000-square-meter lot, a significant area considering the 12-story building, allowing for an architectural design focused on spaciousness, natural light, and green spaces. MORE Plaza not only responds to the growing demand for housing in premium areas, but also proposes a new concept of urban living: a haven of serenity amidst the city's dynamism. The design integrates internal gardens and green areas that invite you to reconnect with nature, without straying far from Asunción's commercial and corporate core. Every corner is designed to breathe better, live better, and be part of an environment that calms and renews. The project offers an ideal balance between comfort, technology, and sustainability. The incorporation of smart home systems allows you to control lighting, air conditioning, and security from your cell phone, simplifying daily life. The layout of the spaces and the quality of construction are designed to meet the expectations of a demanding public, who value both functionality and contemporary aesthetics. The project will feature 130 residential units, ranging from studios of 40 m², one-bedroom units from 57 m², two-bedroom units from 88 m², and three-bedroom units reaching 157 m², with exclusive duplex units reaching 215 m². Among the amenities located on the rooftop are a pool, gym, yoga studio, game room, locker rooms, and barbecue areas, designed to offer wellness and socializing experiences for both residents and guests. The mixed nature of the project is reinforced by the addition of four ground-floor commercial spaces and a separate corporate office building, reflecting global urban planning trends that focus on integrating living, work, and services into a single environment. Furthermore, the presence of a central plaza at the heart of the development creates a new open urban space, serving as both a meeting point and a green lung for the neighborhood. The architecture of MORE Plaza is the result of a remarkable collaboration between renowned Paraguayan architect Julia Galanti and the prestigious international studio Gómez Platero. This partnership combines local expertise with a global vision, resulting in a design that blends elegance, functionality, and harmony with the surroundings. The landscaping will be designed by Graciela Bo, one of the leading experts in outdoor space design in Paraguay. Her work will ensure a coherent integration of nature, architecture, and well-being. Construction of the project is scheduled to begin in the coming weeks, with delivery expected by the end of 2027, marking the beginning of a new era for the Manorá area, which continues to position itself as one of the most attractive residential and corporate hubs in Asunción. The architecture of MORE Plaza is the result of a collaboration between two prestigious studios: Julia Galanti Arquitecta and the internationally renowned Gómez Platero Arquitectura y Urbanismo . This union of a local perspective and a global vision results in a design that combines functionality, aesthetics, and good taste, creating ideal spaces for the comfort and well-being of its occupants. The project's landscaping will be led by Graciela Bo, a leading professional in the field of outdoor space design in Paraguay. Her focus on integrating nature into the urban environment is reflected in a careful selection of plant species and natural elements, ensuring a harmonious environment that complements the complex's architecture and reinforces its character as an urban oasis. MORE Plaza will be Altius Group's fifth development in Paraguay, following the successes of MORE del Sol, MORE Mariscal, Nostrum, and Los Pingos . With this project, the firm has over 120,000 m² of development space in the country, reaffirming its commitment to transforming the urban landscape of Asunción. Founded in 2008, Altius Group is present in Uruguay, Paraguay, Panama, and Mexico, positioning itself as a key player in the regional real estate market. Construction will be carried out by the Gómez Abente firm, founded in 2012 by engineers Santiago Gómez Grassi and Miguel Abente Brun, both with over three decades of experience in the field. The company is characterized by its technical expertise, reliability, and focus on quality, combining experience with innovation thanks to a multidisciplinary team of professionals from different generations. MORE Plaza is more than a real estate project: it's a thoughtful lifestyle, designed for those looking to live, work, and enjoy the city from a prime location with everything within reach. For more information, interested parties can contact Altius Group Paraguay at +595 976 127 729 .

Carlos Guasti, CEO Grupo Petra, y Christian Daghelinckx, Managing Director America , Minor Hotels Europe & America. The renowned international chain Minor Hotels confirmed its arrival in Paraguay with the development of the NH Collection Asunción, a luxury hotel that will be part of a mixed-use mega-real estate project, marking a milestone in the transformation of the capital's skyline and the evolution of the national hotel sector. With more than 560 hotels and resorts in 58 countries, Minor Hotels operates renowned brands in Asia Pacific, the Middle East, Europe, the Americas, Africa, and the Indian Ocean. The expansion into Paraguay is part of its growth strategy in Latin America and responds to the growing dynamism of the Paraguayan tourism market, with strong demand in both the corporate and leisure segments. The future NH Collection will be located on Santa Teresa Avenue, just 400 meters from the intersection with Aviadores del Chaco Avenue, one of the most developed urban and commercial areas in Asunción. The hotel will be integrated into Petra Imperiale , a complex of more than 70 floors, which will become the tallest building in the city and the fourth tallest in South America, also encompassing residential apartments, corporate offices, commercial spaces, and parking. This ambitious urban ecosystem aims to redefine the experience of living and working in Asunción. Scheduled to open in 2029, the hotel will have 80 rooms and operate under the NH Collection brand, positioned in the upper-upscale segment. The offering will be geared toward both business and leisure travelers, offering first-class services such as a spa, pool, restaurant, bar, panoramic terrace, helipad, and meeting rooms, consolidating the NH Collection Asunción as one of the region's new premium destinations. The project is being developed in conjunction with Grupo Petra, one of the leading real estate firms in Paraguay, known for its construction excellence and for pioneering innovative, high-standard developments. The estimated investment for the hotel ranges between USD 8 and 12 million, with a projected creation of 35 to 40 direct jobs, contributing to the economic, urban, and tourism development of the capital. "We are confident that, together with Grupo Petra, we will make this hotel a landmark in Asunción, a city with great dynamism and growth potential. The arrival of NH Collection represents a strategic commitment to Paraguay, elevating the country's hotel offering with a distinctive product of international quality." -Gonzalo Aguilar, CEO of Minor Hotels Europe & Americas. The decision to enter the Paraguayan market stems from an analysis that identifies sustained growth in corporate and leisure tourism, as well as a growing demand for premium accommodations. Furthermore, Asunción has established itself as a relevant destination for organizing events and conventions, reinforcing the investment opportunity. The NH Collection Asunción will be Minor Hotels' first venture in the country, while the company continues to evaluate possibilities in other secondary cities in Paraguay. In parallel, the brand is advancing its expansion strategy in Latin America, exploring key markets such as Chile, Argentina, and Peru through hotel management and franchise models. "We are excited to begin this project with Minor Hotels, a company that shares our vision of excellence and quality. We are convinced that this will be the beginning of something extraordinary." -Carlos Guasti, Director of the Petra Group. Construction of the hotel will begin in the coming months, with an opening scheduled for 2029.

On April 9th, at a special event held on the terrace of the Navis building, Riverside was officially presented. This first residential development in El Delta , designed by renowned Uruguayan architect Martín Gómez Platero . This housing complex marks a turning point in the city's lifestyle and is positioned as the only project in Nueva Asunción that focuses its attention on the heart of Asunción, creating a unique visual and emotional connection with the Paraguay River. Riverside is strategically located within the ambitious El Delta master plan, developed by Solaria City Makers in collaboration with the prestigious international architecture firm BMA. This new urban district, spanning 1,600 hectares, is poised to become a model for a 21st-century city, where infrastructure, community, and nature coexist in a relationship of respect, harmony, and forward-looking vision. Just 20 minutes from Asunción's historic center and a few minutes from access to the new Chaco Bridge, El Delta represents a symbol of modernity and innovation that redefines the concept of urban expansion in Paraguay. Riverside proposes a way of living in harmony with nature, through a design that organically connects the environment with each living space. Its five residential buildings are distributed on different levels, allowing all units to have open views of the river, privacy, and natural air circulation that improves daily comfort. Far from imposing itself on the landscape, the complex blends with it, and each terrace, balcony, or interior space invites a close experience with water, sky, and greenery. Riverside's architecture, in the words of Martín Gómez Platero himself, constructs an image of the habitat that goes beyond its privileged location and is articulated in an integrated way at all levels of living: the natural territory, the city, the architectural grouping, and the housing unit, respecting the specifics of the site and enhancing its identity. The first block under construction within the plan is Zafiro, a seven-story building with units already in the commercialization phase. Available typologies include three-bedroom apartments with areas ranging from 280 to 710 square meters, and four-bedroom units ranging from 410 to 450 square meters. For those seeking an even more exclusive experience, the project offers penthouses with dimensions exceeding 450 square meters and reaching up to 600 square meters. Each of these units was designed with a contemporary approach, prioritizing comfort, natural light, fine materials, and an emotional connection with the surrounding landscape. The project's design also includes a series of common spaces and services designed to enrich the daily lives of residents. These include a shared pool with a sundeck, a fully equipped gym, coworking spaces for those working from home or seeking creative environments, barbecue areas that allow for social gatherings year-round, and separate areas for children and teens, which encourage intergenerational interaction while maintaining the privacy and well-being of each group. The impetus behind this comprehensive urban vision comes from Solaria City Makers. With over 15 years in the market, the firm has revolutionized Nueva Asunción with its comprehensive and sustainable planning proposal. El Delta is not just a real estate project, but a true urban ecosystem that has already given rise to important landmarks, such as La Isla del Delta, the Business Center housing the Alkan and Navis corporate buildings, the Marina del Delta Nautical Complex, and the Tarumá Golf course, all already completed. Added to this are projects currently underway, such as Barrio Náutico, M5 Río Verde, and Barrio Norte, which consolidate Solaria as a benchmark in contemporary urban development in the region. Riverside was conceived by Gómez Platero Arquitectura y Urbanismo , a Uruguay-based firm that has made a significant mark in Latin America, and particularly in Paraguay, since 2002. Founded by Martín Gómez Platero , the office was consolidated with a philosophy centered on human design, inclusion, and the construction of sustainable communities. With more than two decades of experience, Gómez Platero has become a regional benchmark for architectural quality, cultural sensitivity, and technical excellence, creating projects that not only respond to a functional need, but also transform urban realities and improve the quality of life of those who live in them. This proposal is not just a set of buildings, but a declaration of principles on how the future of cities should be projected: with respect for the environment, a focus on people's well-being, and a clear vision of urban integration. In this sense, El Delta reaffirms its commitment to developing high-quality residential spaces that not only respond to market demands but also propose a new way of understanding life by the river, in full contact with nature and without sacrificing comfort and sophistication. For those who wish to learn more about Riverside and explore available investment opportunities, please contact our commercial advisors at +595 981 503 255 or email info@solaria.com.py . This is the time to be part of a project that not only holds promise, but is already building a new paradigm for living in Paraguay.

Starting June 2, 2025, all applications for cadastral certification in Paraguay must be processed exclusively in digital format through the Electronic File System (SIEE), as announced by the Ministry of Economy and Finance (MEF). This measure marks a new milestone in the modernization process of the National Cadastre Service (SNC) and puts an end to the acceptance of paper applications, which will be accepted only until May 30 of the same year. The cadastral certificate is an essential document in real estate transactions in the country. It certifies the physical, legal, and economic data of a property, such as its location, surface area, cadastral value, and use, among others. Its presentation is mandatory in deeds involving the creation, transfer, or modification of real estate rights, and the information contained therein must be reflected in said notarial documents. The decision to move toward complete digitalization of the process is part of MH Resolution No. 207/2018, which authorizes the use of electronic signatures, digital signatures, and electronic files in the SNC's administrative processes. This transformation not only seeks to modernize the service but also to reduce paper use within the State, in compliance with Law No. 6562/2020. In preparation for this implementation, the Directorate General of the National Cadastre Service urges authorized public notaries who do not yet have a SIEE user account to register before June 1, 2025. The goal is to ensure a smooth transition to the new digital system and avoid setbacks in the processing of key documents for the real estate market. The Ministry of Economy and Finance (MEF) assures that, thanks to this digitalization, the issuance of the cadastral certificate can be completed within a maximum of two to three business days, with greater traceability, efficiency, and transparency. Furthermore, SNC Resolution No. 637/2019 remains in effect, which provides for the exemption from payment of fees for files processed through the electronic system, in the event that a certification is rejected due to an error attributable to the institution. In such cases, professionals can contact the entity directly via email at sncdigital@hacienda.gov.py . This firm step toward digitalization consolidates the Paraguayan government's intention to modernize and streamline processes in the real estate ecosystem, while strengthening transparency and security in real estate transactions. For developers, notaries, agents, and buyers, the implementation of this system promises a substantial improvement in the time and operational efficiency of one of the most important processes in the sector.

The recent rise of the dollar in Paraguay, which surpassed the 8,000 pesos per dollar barrier in the first quarter of 2025, has generated significant implications for the local real estate market. This sustained appreciation of the dollar, despite interventions by the Central Bank of Paraguay (BCP), is redefining the dynamics for both local buyers and foreign investors. According to current data, most Latin American currencies are expected to depreciate against the dollar from the beginning of 2025. The Brazilian real and Chilean peso are down 7.1%, while the Colombian peso is down 6.2%, and the Uruguayan peso is down 4.4%. The Peruvian sol and Mexican peso are also down 3.1% and 3.4%, respectively. In contrast, the Argentine peso, both in its official and CCL versions, is up 3.8% and 8.9%, respectively. Internationally, the euro and pound sterling are down 3.9% and 3.0%, while the Japanese yen and dollar index are down 4.2% and 3.6%. The BCP has attempted to contain the exchange rate escalation by selling or injecting foreign currency totaling USD 1.549 billion in 2024, and USD 201 million in the first two months of 2025 alone. It has also announced that it will continue its presence in the foreign exchange market with daily sales of USD 15 million starting March 27, 2025. Despite these efforts, the rising dollar continues to directly impact a real estate market where most properties are priced and transacted in dollars. The most immediate impact of the rising dollar is the increased cost of housing for local buyers, whose income and savings are denominated in guaraníes. Since most properties are priced in dollars, the cost of purchasing has skyrocketed in guaraníes, making it difficult for local buyers to access properties. This situation also directly affects those seeking financing for home purchases, as mortgage payments denominated in dollars become more expensive in guaraníes. Even when mortgage loans are granted in local currency, the exchange rate fluctuation increases the final amount payable for those who must cover commitments denominated in dollars. This situation also affects the down payments that buyers must put together to complete the purchase, as the rising exchange rate makes accumulating the capital necessary to acquire properties more expensive. The rental market reflects this dynamic, as most residential and commercial rents are priced in dollars. This reality means that local tenants now face higher costs to maintain their leases, creating additional economic pressure for those who rely on income in guaraníes. This situation could lead to a migration to cheaper properties or to peripheral areas, which in turn could increase demand for properties with rents denominated in guaraníes, affecting profitability for owners who have chosen to maintain their contracts in local currency. The secondary market also faces significant risks in this new context. The decline in local purchasing power and the rising price of properties in dollar terms could slow property turnover in the secondary market. This could lead to a buildup of inventory and affect resale dynamics, reducing market liquidity and lengthening time to market. For real estate developers, the impact of the rising dollar is less drastic, given that most projects are priced and marketed in dollars. Although developers do not face a direct impact on dollar pricing, the ability of local buyers to acquire properties may significantly decrease, which could slow sales and increase the time it takes to fill available units. This situation is leading some developers to adopt more conservative approaches when launching new projects, prioritizing financial viability and risk diversification in an environment marked by currency volatility. The Paraguayan market remains highly attractive for investors who manage capital in dollars. Since property prices remain stable in dollars, these investors do not face the same impact as local buyers and can benefit from the stability of their asset values. The ability to maintain their investments in dollars allows them to protect their capital from the depreciation of the guaraní and ensure stable income through rental contracts in dollars. Furthermore, in a regional context where several Latin American countries face high inflation rates and a constant devaluation of their currencies against the dollar, Paraguay is positioned as a safe option for safeguarding capital. The dollarized real estate market acts as a shield against loss of value, allowing investors to preserve their assets and generate attractive returns in a volatile economic environment. This combination of exchange rate stability and investment opportunities positions the Paraguayan real estate sector as a solid alternative for those seeking to protect their capital in a context of economic uncertainty. In this context, the key to mitigating risks and maintaining profitability lies in the ability of developers, real estate agents, and investors to proactively adjust their strategies. The flexibility to offer financing in guaraníes, adapt pre-sale models, and diversify property portfolios will be critical to respond to a changing environment. At the same time, property owners will need to carefully evaluate whether to continue pricing in dollars or adjust their contracts to appeal to a broader segment of the local market. The Paraguayan real estate market is at a crossroads. While the strong dollar represents significant obstacles for local buyers and tenants, it also offers strategic opportunities for investors seeking to position themselves in an emerging market or to safeguard capital and protect it from devaluation. Developers' ability to adapt their sales, financing, and pre-sale strategies will be key to maintaining market dynamism in this new economic context. The current outlook demands greater strategic planning and a differentiated approach to serve both local buyers and foreign investors. The balance between offering viable options in guaraníes for the local market and keeping projects attractive to dollar-denominated investors will be crucial to ensuring the stability and growth of the real estate sector in Paraguay in the coming years.

The Government of Paraguay and the Inter-American Development Bank (IDB) signed a USD 154 million loan agreement yesterday to finance the ambitious Ypacaraí Lake Basin Sanitation Program, a large-scale project that seeks to reverse decades of environmental degradation in one of the country's main freshwater reserves. This effort, led by the Ministry of Public Works and Communications (MOPC), aims to improve the basin's environmental conditions and ensure sustainable, climate-resilient, and low-carbon development, while promoting access to thematic and green debt markets for the water and sanitation sector. The program includes a series of strategic interventions to increase sanitary sewer coverage, improve wastewater treatment, and restore environmentally degraded areas. Specific actions include the construction of 370 km of sewer networks, 48 km of pumping lines, pumping stations, and a wastewater treatment plant equipped for nutrient removal. These works will directly benefit more than 27,000 households in priority areas of Capiatá, Itauguá, Areguá, and San Bernardino, and will generally improve the quality of life of approximately 800,000 people throughout the basin. In addition, the pumping line connecting to the San Bernardino Wastewater Treatment Plant will be reconstructed, allowing for more efficient management of liquid waste in the area. One of the program's core focuses is the restoration of environmentally degraded areas, which involves implementing measures to reduce pollution from industrial and diffuse sources. This includes industrial restructuring plans and the adoption of stricter regulations to prevent future pollution in the watershed. These actions, along with the regulation of industrial discharges and proper solid waste management, will significantly contribute to restoring the ecological health of Lake Ypacaraí, which has suffered a progressive degradation process due to human activity and the lack of an efficient sanitation system in the region. To ensure the sustainability of these investments, the program also aims to improve the management of water and sanitation services in prioritized areas. This includes strengthening the technical and operational capacities of service providers, ensuring that the implemented infrastructure operates efficiently and sustainably over the long term. Furthermore, institutional strengthening of the Ministry of Public Works (MOPC), which will receive support to optimize the management of the Ypacaraí Lake watershed, design climate- and nature-oriented investments, and establish effective monitoring, reporting, and verification (MRV) mechanisms to assess the program's impact on climate and biodiversity. Funding for the program comes from IDB Climate, an initiative of the Inter-American Development Bank aimed at promoting sustainable development projects in Latin America and the Caribbean. Paraguay is one of the first adopters of this program, which allows it to access a 5% benefit on the loan subsidy, conditional on meeting specific environmental recovery objectives. This incentive reinforces the country's commitment to achieving climate and environmental goals aligned with international standards and strengthens its position in green debt markets. Parque Nacional Ypacaraí The IDB Climate Program adopts an innovative approach that seeks to link environmental investments with measurable results in terms of carbon emissions reduction, climate resilience, and biodiversity preservation. This positions Paraguay as a leader in the implementation of sustainable environmental projects in the region and lays the groundwork for future green infrastructure projects. The program's impact goes beyond the lake's environmental restoration. By significantly improving the environmental conditions of the Ypacaraí Lake basin, it will also boost the real estate value of the surrounding areas, increasing their attractiveness for residential, tourist, and commercial development. Infrastructure and sanitation improvements, along with a restored natural environment, will position cities like San Bernardino, Areguá, and Capiatá as highly attractive investment hubs for national and international developers. The Minister of Public Works, Claudia Centurión, highlighted the historic importance of the project: "Lake Ypacaraí will once again be the blue lake we all dream of, a heritage of all Paraguayans and a part of our identity." The contract signing took place in Santiago, Chile, during the annual meeting of the IDB Board of Governors, where the Minister of Economy and Finance, Carlos Fernández, and the IDB President, Ilan Goldfajn, formalized their commitment to the program's implementation. This IDB-approved financing is also part of a broader agreement reached during the 2023 COP in Dubai, where Paraguay and the IDB agreed on two budget lines of USD 778 million for sustainable development projects in infrastructure, energy transition, and water resource management. These funds will not only improve the water quality of Lake Ypacaraí, but also strengthen the country's institutional capacity to design and manage sustainable environmental projects. The Ypacaraí Lake Basin Cleanup Program represents a historic opportunity to reverse the environmental degradation of the lake and its surrounding areas. The implementation of these actions will not only ensure the preservation of this emblematic natural resource but will also lay the foundation for a more efficient and sustainable environmental management model. With this investment, Paraguay reaffirms its commitment to sustainable development, climate resilience, and the promotion of a cleaner and healthier environment for future generations. The transformation of Lake Ypacaraí will not only restore its natural splendor but will also have a positive impact on the local and national economy, boosting tourism, attracting investment, and promoting more balanced and responsible urban development. The commitment of the Government and the IDB is clear: to restore Lake Ypacaraí's natural beauty and ecological value, while ensuring that this restoration translates into tangible benefits for the entire community.

The Sheraton Asunción Hotel, one of the flagship hotels in Paraguay, is undergoing an ambitious renovation that began three months ago and represents one of the most significant architectural interventions in the recent history of the country's hotel sector. The goal is not only to update its infrastructure but also to redefine its role in the urban fabric, integrating it more actively into the social, business, and cultural life of Asunción. The project, led by the international studio Gómez Platero Arquitectura y Urbanismo , includes a comprehensive renovation of strategic spaces in the building: the lobby, the main restaurant, the entrances to the ballroom, the hallways and rooms, as well as the rooftop that houses the pool, the bar, and the gym. In addition, an 80 m² expansion of the event rooms is planned, with the aim of increasing their capacity to host regional and international meetings. This renovation comes at a key moment, with Asunción positioning itself as the host of major events such as the 75th FIFA Ordinary Congress and the Junior Pan American Games. Although the building's original structure is preserved, the architectural proposal redefines its identity through new materials and a more functional spatial layout. The design focuses on opening spaces to the urban environment, blurring the boundaries between public and private, in a commitment to permeable, contemporary, and welcoming architecture. This approach seeks to make the Sheraton not just a hotel, but a daily meeting point for the city's residents and visitors. One of the most visible aspects of this transformation is found in the main entrance, which was redesigned with a large pergola that improves the thermal comfort of the entrance, provides shade, and simultaneously functions as a symbolic threshold between the city and the hotel interior. This new structure reinforces the visual and physical connection with the urban space. Inside, the lobby was completely renovated. The traditional curved staircase was replaced with a lighter, more contemporary structure that articulates the triple height between the ground floor and the first level. A skylight floods the space with natural light, visually connecting the reception with the entrances to the ballroom and event services area. This decision not only improves lighting but also the visitor's spatial experience. The new check-in counter incorporates individual stations with a semi-open design, designed for more personalized and streamlined service. In front of it, a decorative panel made with repurposed ñandutí pieces provides a strong local identity and pays homage to Paraguayan craftsmanship in a setting with a sober and modern aesthetic. Just steps away, living areas for waiting and relaxing are located alongside coworking areas and multipurpose spaces. These areas respond to the changing demands of corporate travelers and locals, offering warm and functional environments for working, socializing, or simply relaxing. The restaurant, located on the ground floor, also underwent a thorough renovation. Conceived as a flexible and dynamic space, it allows for various furniture configurations depending on the time of day. The buffet area was reorganized to improve flow and functionality, a private room was created for more intimate gatherings, and tables were added to the outdoor gallery, facing toward green areas. At night, the restaurant is transformed by a hidden bar that is activated during the evening, creating a more intimate and sophisticated atmosphere, with references to local design and warm lighting that invites you to linger. On the rooftop, the gym was relocated to create an exclusive club lounge for members of the chain's loyalty program. The reorganization of the space optimizes views, allows for better circulation, and reconfigures the pool and bar areas to accommodate different types of events. Modular furniture and landscaping with native plants reinforce the relaxed and versatile nature of the space, designed for both daytime and nighttime experiences. As for the guest rooms, the renovation does not include an increase in accommodation capacity, but rather a complete update of the flooring, furniture, and lighting. The design was designed with a simple and timeless aesthetic, prioritizing guest comfort through the use of acoustic materials, high-quality textiles, and warm wood details. The hallways, meanwhile, adopted a neutral color palette with flooring that maintains a visual consistency with the rest of the building. The entire interior design is inspired by a contemporary reinterpretation of traditional Paraguayan elements. Fine materials such as stone, wood, and clay pottery, as well as native textiles, were used, integrating local art and custom-designed furniture to create a unique sensorial experience. The result is an elegant, sophisticated atmosphere deeply rooted in the country's cultural identity. The renovation will continue until July 31, 2025, with a partial reopening planned for the end of April. This renovation positions the Sheraton Asunción among the leading names in South American hospitality, not only as a tourist and corporate destination, but also as a new hub for cultural, social, and gastronomic activity in the Paraguayan capital. The renovation of the Sheraton Asunción faithfully reflects the architectural vision of Gómez Platero Arquitectura y Urbanismo , a Uruguay-based firm with international reach. Recognized for their human and urban approach, their projects are characterized by generating collective value, revitalizing existing structures, and integrating the natural with the built environment. With an interdisciplinary team of more than 250 professionals, the studio is committed to an architecture that not only beautifies, but also transforms: an architecture that generates connections, promotes well-being, and activates the city. This project in Asunción encapsulates that commitment, positioning the hotel as a new benchmark in the relationship between design, functionality, and the urban environment.