Costa Rica Real Estate – Ecuador Real Estate Group has announced a $45 million investment in Costa Rica.
200 people will be hired to build two towers in La Sabana, for the new Iconnia housing project, the first part of this investment.
The Ecuadorian company Furoinani Obras y Proyectos (FOP) will be in charge of building the towers in Sabana Norte, the area with the greatest purchase interest for vertical developments.
They will both be residential towers.
The construction of the first tower will begin in December and be completed in 2019. Each tower has an investment of over $22 million. Tower A will have 147 one and two bedroom apartments. Prices will start at $117,300.
The company chose Costa Rica due to its stable economic reputation, legal security, high levels of education, abundant culture, and market receptive to innovation, in addition to that it is a regional headquarters of many multinationals.