The launch event for Palmanova Pacheco, held yesterday at Talleyrand Costanera, marked the beginning of an exciting new project in Asunción with an investment of US$10 million. Construction will start in November this year, with a 30-month timeline and an expected delivery date of May 2027. The building, featuring 87 units across 18 floors, stands out for its innovative fourth-floor running track, adding a modern and healthy touch to urban living.
The vertical real estate market in Asunción is undergoing a significant transition. “Families are moving from spacious homes to apartments, attracted by proximity to key city points, such as the corporate axis, which allows them to gain valuable time,” explained José Ocampos, the commercial manager.
Developed by Grupo Palmanova, part of Katuete S.R.L., with construction managed by Katuete SRL, architectural design by Jasper Architects, insured by ASEPASA, and financed by Banco Itaú, Palmanova Pacheco integrates expertise at every stage to ensure a high-quality development.
The building is located at the intersection of Pacheco and Tte. Zotti, a strategic location chosen for its proximity to the corporate axis and the city’s main points of interest. This location not only provides convenience and direct access to key areas but also aligns with the developer’s philosophy of situating projects in high-demand zones.
The apartments come equipped with air conditioning throughout, fully fitted kitchens including oven, hob, and extractor hood, bedroom closets, water heaters, bathroom screens and mirrors, as well as balconies with grills and laundry areas. They also feature digital locks for added security and convenience.
“We offer one-bedroom apartments up to 62 m², two-bedroom units up to 100 m², and three-bedroom units up to 140 m². We always prioritize spaciousness, creating elevated homes,” explained José Ocampos.
Apartments Designed for Comfort
The building will have two entire floors dedicated to amenities. On the fourth floor, residents will find a 276 m² gym with gender-specific changing rooms and a sauna, along with a 120-meter elevated running track. There will also be a co-working space, a kids’ room, and three office lounges. On the terrace, residents can enjoy an infinity pool, a large sun deck, a fun space with a pool table, two climate-controlled barbecue areas, a green garden for relaxation, and a starlight corner with a telescope for stargazing.
“Our main differentiator lies in the innovative interlocking block concept, integrated with green spaces throughout the building, reflecting modernity in a welcoming environment. Additionally, we offer larger apartments compared to other buildings in the area, providing significant added value,” José specified.
All of this is designed to offer residents a comfortable, fulfilling lifestyle without leaving the building. “Another key differentiator is that, to ensure the security of investments in our apartments, we provide a surety policy covering 100%,” the commercial manager added.
A Sound Investment
One-bedroom apartments, ranging from 55 to 62 m², start at US$82,500. Two-bedroom units, between 94 and 100 m², are available from US$141,000. Finally, three-bedroom apartments, ranging from 119 to 140 m², start at US$178,500.
“We offer flexible financing options to meet different needs. Buyers can choose direct financing plans with no interest during construction, with an initial payment of 35%. We also provide long-term financing plans of up to five years at an annual interest rate of 8%,” explained José.
For those who prefer to pay in full, attractive discounts are offered, and the investment is secured with a 100% surety policy. Additionally, through Banco Itaú, extended financing plans of up to 27 years are available for greater payment flexibility.
Track Record and Vision for the Future
Katuete SRL is a Paraguayan company with 25 years of experience in livestock and real estate. It currently oversees the development of 50,000 m² in construction projects, including Palmanova Las Mercedes, Palmanova Pacheco, and Palmanova Villa Morra. In its livestock division, it manages three facilities with a focus on animal welfare and the application of innovative technologies to optimize processes.
José highlighted that Paraguay is poised for a real estate investment boom this year and in the coming years. “Thanks to economic stability and Paraguay’s recent investment-grade rating from Moody’s, the country is emerging as an attractive destination for foreign capital. As a result, we anticipate a substantial increase in international investments, driving large-scale real estate development and significantly contributing to economic and urban growth,” he analyzed.
This year, the developer achieved all its planned objectives. “We sold out Palmanova Villa Morra, selling all units and enabling us to plan a new project in the area. We also successfully launched a transformative project that is reshaping the local urban landscape. Finally, we are on track to complete the delivery of Palmanova Las Mercedes by December 2024, meeting the established timeline,” the spokesperson announced.
He also revealed that a major, confidential project is already in development, which will mark a turning point for the company. “After more than two years of intensive work, we have identified a key opportunity that addresses a city need. This unique project, set to launch in 2025, will become a benchmark in Asunción. For now, details remain confidential, but we are confident it will transform the capital’s urban landscape,” he stated.
