Two Offers Received for “Manuel Castillo” Residential Project

The developers Ingeniería Rec S.A. and Nova S.A. were the only companies to bid for the $25 million project.

Thursday, July 8, 2010

The contract is expected to be awarded in the first week of August.

“In the site visit five companies had an expressed an interest in bidding but only two have formalised their intention to stay in the project,” reports

The project comprises the building of 500 apartments in the province of Colón.

More on this topic

Panama: $58 million in Residential Projects

February 2016

Constructions of condominiums and land development make up most of the list of residential projects for which environmental impact studies were submitted in November 2015.

From the report entitled "Construction Projects in Panama - November 2016", prepared by the Business Intelligence unit at, provides a detailed list of major construction projects for which environmental impact assessment (EIA) studies were presented to the Ministry of Environment in November.

Guatemala: Mixed Real Estate Development for $261 million

September 2016

A residential complex is to be built in Santa Catarina Pinula which will consist of single-family homes and apartment towers, with a total area of ​​200 hectares.

The report "Construction Project in Guatemala July-2016" by notes that the developer Inversiones Pavalco, S.A.

Costa Rica: Mixed-Use Towers for $40 million

August 2016

The plan is to build four mixed-use towers with a total of 47,200 sqm which will be located in San Pedro in the Canton of Montes de Oca, province of San José.

The project includes construction of four towers of between 4 and 7 stories, which will be dedicated to combined uses, such as offices, shops and residences. The works will take 18 months and will start in 2017 and the companies promoting the work are i Cúbica, Replica Estudio, Proinsa and Comission Consulting Company.

El Salvador: Residential Project Announced

September 2016

In an area of ​​27 blocks Grupo Roble plans to build 673 homes as part of the third phase of the project Las Arboledas, in the municipality of Colón, La Libertad.

Alberto Poma, Grupo Roble's corporate director, told that "...The project will be developed on 27 acres of land, and 20% of this area will be preserved as an ecological reserve. " 

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