In Colony of SacramentoUruguay is building a project that seeks to generate a hub for invocation of the knowledge economy in a property of 500 hectares in the neighboring country.
The development is named following +Coloniaand those interested can access a unit paying 30% of the value, while they can pay the balance with a 15-year loan, available for Uruguayans and foreigners.
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“We are facing the possibility that people can buy an apartment with installments from 420 dollars, which fulfills our purpose of generating an accessible and open city. We have the vocation and the will of all the banks to accompany the project in its different stages”, he commented Meliton Gonzalez del Solar, partner of +Colonia. Itaú, HSBC and Santander were the first banks to join the initiative.
“This is a high-impact project for the future and we are convinced in offering all our capacity and experience in product solutions and tailored services to make it a reality. We are thinking of innovative options for the market in terms of financing the acquisition of future units, in differential and simple conditions that facilitate the purchase decision from the beginning of the project”, explained Martin Molinari, Retail Banking Product Manager at Itaú Uruguay.
Likewise, to the mortgage loans available for the stage called “from the well”, that is, when the apartments are in the initial stage of construction and not with the finished work, the trust fee system is added to the cost.
For example, the portfolio of units includes studio apartments of 33 square meterswhich start in the $68,000. In addition, with the purchase of each unit, in addition, the owner will have available between 400 and more than a thousand free tickets to travel from Buenos Aires to Colonia.
About the +Cologne project
The project configures a pole for the industry of the knowledge economy to develop on a land of 500 hectares full of spaces that has seven kilometers of natural coastline with white sands, two quarries and a lagoon.
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Colonia+ is in the commercial pre-launch stage, in which they are regarding to reach 200 reserved units in the first weeks, and recently announced investments of 500 million dollars agreed for the next five years, in what will correspond to the development of at least five corporate, thematic and generic districts. The city expects its first inhabitants by 2024.
SE / ED
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