On Friday, April 19th, PROINVEST successfully celebrated the inauguration of its first real estate development, First Living, located in the prestigious area of Barrio Mariscal. The event was attended by prominent investors of First Living, who also invested in projects under construction such as First del Sol and First Mariscal. Additionally, the management company, LA Administradora, was present. Juan Migliore, from the construction company Tecinci, who was in charge of the First Living project, also attended.
PROINVEST, a development company that was established before the pandemic, is the result of the collaboration of two architects, Ariel Barrios and Juan Pessolani, with investor Manfred Huth. Together, they decided to form PROINVEST to carry out their own real estate development projects after having worked for 15 years on more than 10 successful real estate ventures.
First Living began before the pandemic, following exhaustive feasibility studies and the search for the ideal land. Despite the challenges caused by the pandemic, sales began in October 2021, and construction started in 2022 with 95% of the units sold. Today, after 24 months of work, a total of 67 apartments are being delivered. First Living is strategically located on Dr. Toribio Pacheco, between Cruz del Chaco and Charles de Gaulle, in Barrio Mariscal.
It's a safe and quiet area, free from floods, 4 blocks from Shopping Mariscal, and a few minutes' walk from pharmacies, schools, hospitals, supermarkets, and restaurants. Among the amenities offered by the development are a swimming pool, heated barbecue area, gym, lobby, elevators, and a garage with 80 parking spaces. Most of the units will be managed for rental through Airbnb.
In addition to this, Proinvest collaborates with the company Inmotec, offering preferential rates for the administration of units for temporary rental. This area is very attractive for tourists and people coming to work, thanks to its proximity to important services and entertainment areas.
It's one block away from Asunción's newest pedestrian street: LA CUADRITA. This street boasts excellent restaurants and is a great attraction that adds significant value to the building's guests.
While the project has achieved a high percentage of sales before starting construction, there are currently units available for resale, with special and competitive prices that cannot be found elsewhere in the market.
With the success of First Living and other ongoing projects such as First Mariscal and First del Sol, PROINVEST demonstrates its ability to offer attractive and high-demand real estate products in the market. It is expected that the company will soon announce a new development in the same area of Villa Morra, consolidating its presence and leadership in the real estate sector of Paraguay.
For more information, you can contact us at the following link proinvest.com.py/first