{"id":6416,"date":"2021-10-05T11:54:08","date_gmt":"2021-10-05T11:54:08","guid":{"rendered":"https:\/\/www.frapan-invest.com\/?page_id=6416"},"modified":"2024-02-26T21:03:59","modified_gmt":"2024-02-26T21:03:59","slug":"restoration-project-at-plaza-santa-ana","status":"publish","type":"page","link":"https:\/\/www.frapan-invest.com\/en\/restoration-project-at-plaza-santa-ana\/","title":{"rendered":"Restoration project at Plaza Santa Ana"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1492683659071{padding-top: 60px !important;padding-bottom: 15px !important;}&#8221; el_class=&#8221;bottom-pad-0&#8243;][vc_column css=&#8221;.vc_custom_1492683343299{margin-top: -40px !important;}&#8221; el_class=&#8221;top-margin-40&#8243;][vc_custom_heading text=&#8221;New Building Projects&#8221; font_container=&#8221;tag:div|font_size:18px|text_align:left|color:%23a3a9c8&#8243; use_theme_fonts=&#8221;yes&#8221; link=&#8221;url:https%3A%2F%2Fwww.frapan-invest.com%2Fen%2Fportfolio-purchase-or-restoration-in-the-unesco-old-town%2Fnew-building-projects%2F|title:New%20Building%20Projects&#8221; el_class=&#8221;heading_small&#8221;][vc_custom_heading text=&#8221;Restoration project at Plaza Santa Ana&#8221; font_container=&#8221;tag:h1|font_size:45px|text_align:left|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_empty_space height=&#8221;30px&#8221; el_class=&#8221;empty-ht-0&#8243;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1488903397469{margin-top: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1635343326411{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;background-image: url(https:\/\/www.frapan-invest.com\/wp-content\/uploads\/2021\/10\/Facade-1440&#215;1100-1.jpeg?id=6479) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_empty_space height=&#8221;550px&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1492684664510{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 50px !important;padding-bottom: 0px !important;padding-left: 50px !important;background-color: #f7f8f8 !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;mobilePadding&#8221;][vc_empty_space height=&#8221;50px&#8221; el_class=&#8221;empty-ht-20&#8243;][vc_custom_heading text=&#8221;Your investment opportunities&#8221; font_container=&#8221;tag:div|font_size:18px|text_align:left|color:%23a3a9c8&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1708981302064{margin-bottom: 2px !important;}&#8221; el_class=&#8221;heading_small&#8221;][vc_custom_heading text=&#8221;Restoration in UNESCO Old Town&#8221; font_container=&#8221;tag:h2|font_size:36px|text_align:left|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1708981308844{margin-bottom: 20px !important;border-bottom-width: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_empty_space height=&#8221;15px&#8221; el_class=&#8221;empty-ht-0&#8243;][vc_column_text]<\/p>\n<ul>\n<li><strong>Sustainable restoration<\/strong> of a building in the <strong>UNESCO Old Town &#8220;Casco Viejo&#8221;<\/strong> in Panama City.<\/li>\n<li><strong>Top location<\/strong> at the church square &#8220;Plaza Santa Ana&#8221;.<\/li>\n<li>We are realising the <strong>construction project in the old town of Panama City<\/strong> with investors from Germany, local partners from Panama and bank financing.<\/li>\n<li>With our <strong>experienced construction partners<\/strong> from Panama, we are targeting a <strong>construction period<\/strong> of 2 years. Completion is planned for the <strong>end of 2023<\/strong>.<\/li>\n<li>We are constructing a <strong>mixed-use building<\/strong> with planned <strong>20 apartments<\/strong>&nbsp;in Casco Viejo (67 &#8211; 191 sqm \/ each 1-3 bedroom) and <strong>two commercial units<\/strong>.<\/li>\n<li>All appartments with <strong>two levels<\/strong>. Ground floor flats with <strong>private gardens<\/strong>.<\/li>\n<li><strong>Roof terrace<\/strong> with pool, gym, lounge.<\/li>\n<li><strong>Sales start<\/strong> of the appartments is planned for April \/ May 2022. We have a <strong>list of interested investors<\/strong>.<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;35px&#8221; el_class=&#8221;empty-ht-0&#8243;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1488990275941{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1492684673874{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 50px !important;padding-bottom: 0px !important;padding-left: 50px !important;background-color: #f7f8f8 !important;}&#8221; el_class=&#8221;swapModule2 mobilePadding&#8221;][vc_empty_space height=&#8221;50px&#8221; el_class=&#8221;empty-ht-20&#8243;][vc_custom_heading text=&#8221;Restoration in UNESCO Old Town&#8221; font_container=&#8221;tag:h2|font_size:36px|text_align:left|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1708981317379{margin-bottom: 20px !important;border-bottom-width: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_empty_space height=&#8221;15px&#8221; el_class=&#8221;empty-ht-0&#8243;][vc_column_text]<\/p>\n<ul>\n<li>Our restoration in the Old Town of Panama City is a <strong>residential building from 1915.<\/strong><\/li>\n<li>Around Plaza Santa Ana, <strong>well-known developers<\/strong> have acquired many of the buildings and some have started development.<\/li>\n<li>The area is considered the <strong>next target for developers<\/strong>, as it is still possible to buy undeveloped properties at attractive prices.<\/li>\n<li>As initiators of the project, we are also <strong>co-investors<\/strong>.<\/li>\n<li>Currently preparing a <strong>new construction project<\/strong>.<\/li>\n<li>Typically, the following <strong>tax benefits<\/strong> are granted for restorations in the Old Town of Panama City:<br \/>\n&#8211; 30 years no property tax<br \/>\n&#8211; 10 years no income tax&nbsp;<br \/>\n&#8211; 5 years no transfer tax&nbsp;<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;75px&#8221; el_class=&#8221;empty-ht-0&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1633349126550{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;background-image: url(https:\/\/www.frapan-invest.com\/wp-content\/uploads\/2021\/10\/CAD-drones-air-photos7-1.440&#215;1.100.jpg?id=6393) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;swapModule1&#8243;][vc_empty_space height=&#8221;550px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1488903397469{margin-top: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1633349183085{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;background-image: url(https:\/\/www.frapan-invest.com\/wp-content\/uploads\/2021\/10\/Plaza-Santa-Ana1-1.440&#215;1.100.jpeg?id=6395) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_empty_space height=&#8221;550px&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1492684682442{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 50px !important;padding-bottom: 0px !important;padding-left: 50px !important;background-color: #f7f8f8 !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;mobilePadding&#8221;][vc_empty_space height=&#8221;50px&#8221; el_class=&#8221;empty-ht-20&#8243;][vc_custom_heading text=&#8221;Restoration in UNESCO Old Town&#8221; font_container=&#8221;tag:h2|font_size:36px|text_align:left|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1708981325571{margin-bottom: 20px !important;border-bottom-width: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_empty_space height=&#8221;15px&#8221; el_class=&#8221;empty-ht-0&#8243;][vc_column_text]<\/p>\n<ul>\n<li>The old town of Casco Viejo consists of the districts &#8220;<strong>San Felipe<\/strong>&#8221; (approx. 60% restored) and &#8220;<strong>Santa Ana<\/strong>&#8221; (approx. 15% restored).<\/li>\n<li>The <strong>old town development goes in the direction of Santa Ana<\/strong>, as the prices are still cheaper. Buildings and infrastructure are <strong>less developed<\/strong> here than in San Felipe.<\/li>\n<li>The centre of the district is &#8220;<strong>Plaza Santa Ana<\/strong>&#8220;.<\/li>\n<li>Our restoration project in the old town of Panama City is located directly at Plaza Santa Ana, which is one of the <strong>most beautiful in the whole old town<\/strong> with its church, pavilion and tropical trees.<br \/>\nThe nearest <strong>metro station<\/strong> is 15 minutes away.<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;35px&#8221; el_class=&#8221;empty-ht-0&#8243;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1488990275941{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;background-color: #ffffff !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1492684691866{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 50px !important;padding-bottom: 0px !important;padding-left: 50px !important;background-color: #f7f8f8 !important;}&#8221; el_class=&#8221;swapModule2 mobilePadding&#8221;][vc_empty_space height=&#8221;50px&#8221; el_class=&#8221;empty-ht-20&#8243;][vc_custom_heading text=&#8221;Restoration in UNESCO Old Town&#8221; font_container=&#8221;tag:h2|font_size:36px|text_align:left|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1708981333400{margin-bottom: 20px !important;border-bottom-width: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_empty_space height=&#8221;15px&#8221; el_class=&#8221;empty-ht-0&#8243;][vc_video link=&#8221;https:\/\/www.youtube.com\/watch?v=BziSC5ocgLI&#8221;][vc_column_text]This <strong>video<\/strong> gives an impression of our development in the old town Casco Viejo.[\/vc_column_text][vc_column_text]We offer investors the possibility to <strong>buy an apartment<\/strong> in the old town of Panama City as well as to <strong>participate in such a restoration<\/strong> in Casco Viejo. Please feel free to contact us.[\/vc_column_text][vc_empty_space height=&#8221;70px&#8221; el_class=&#8221;empty-ht-0&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1635343392386{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;border-top-width: 0px !important;border-right-width: 0px !important;border-bottom-width: 0px !important;border-left-width: 0px !important;padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;background-image: url(https:\/\/www.frapan-invest.com\/wp-content\/uploads\/2021\/10\/Living-room-Garden-II-1440&#215;1100-1.jpeg?id=6481) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;swapModule1&#8243;][vc_empty_space height=&#8221;550px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;45px&#8221;][vc_custom_heading text=&#8221;WORTH READING&#8221; font_container=&#8221;tag:div|font_size:18px|text_align:left|color:%23a3a9c8&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1708981404364{margin-bottom: 2px !important;}&#8221; el_class=&#8221;heading_small&#8221;][vc_custom_heading text=&#8221;More articles&#8221; font_container=&#8221;tag:h2|font_size:45px|text_align:left|line_height:2&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_basic_grid post_type=&#8221;post&#8221; max_items=&#8221;3&#8243; item=&#8221;1099&#8243; grid_id=&#8221;vc_gid:1708981237216-6be94ece-0a8d-1&#8243; taxonomies=&#8221;61&#8243;][vc_btn title=&#8221;News overview&#8221; style=&#8221;flat&#8221; color=&#8221;primary&#8221; align=&#8221;center&#8221; link=&#8221;url:https%3A%2F%2Fwww.frapan-invest.com%2Fen%2Fblog%2F&#8221;][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1492548820112{background-color: #ffffff !important;}&#8221;][vc_column el_class=&#8221;padding-top-20&#8243; offset=&#8221;vc_col-lg-10&#8243;][vc_custom_heading text=&#8221;Real estate in Panama:&#8221; font_container=&#8221;tag:div|font_size:18px|text_align:left|color:%23a3a9c8&#8243; use_theme_fonts=&#8221;yes&#8221; css=&#8221;.vc_custom_1708981391610{margin-bottom: 2px !important;}&#8221; el_class=&#8221;heading_small&#8221;][vc_custom_heading text=&#8221;Profitable, secure and beautiful&#8221; font_container=&#8221;tag:h2|font_size:45px|text_align:left|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_btn title=&#8221;CONTACT US&#8221; style=&#8221;custom&#8221; custom_background=&#8221;#46b7e4&#8243; custom_text=&#8221;#ffffff&#8221; shape=&#8221;square&#8221; size=&#8221;lg&#8221; align=&#8221;left&#8221; i_align=&#8221;right&#8221; i_icon_fontawesome=&#8221;fas fa-angle-right&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:https%3A%2F%2Fwww.frapan-invest.com%2Fen%2Fcontact%2F|title:Contact|target:_blank&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1492683659071{padding-top: 60px !important;padding-bottom: 15px !important;}&#8221; el_class=&#8221;bottom-pad-0&#8243;][vc_column css=&#8221;.vc_custom_1492683343299{margin-top: -40px !important;}&#8221; el_class=&#8221;top-margin-40&#8243;][vc_custom_heading text=&#8221;New Building Projects&#8221; font_container=&#8221;tag:div|font_size:18px|text_align:left|color:%23a3a9c8&#8243; use_theme_fonts=&#8221;yes&#8221; link=&#8221;url:https%3A%2F%2Fwww.frapan-invest.com%2Fen%2Fportfolio-purchase-or-restoration-in-the-unesco-old-town%2Fnew-building-projects%2F|title:New%20Building%20Projects&#8221; el_class=&#8221;heading_small&#8221;][vc_custom_heading text=&#8221;Restoration project at Plaza Santa Ana&#8221; font_container=&#8221;tag:h1|font_size:45px|text_align:left|line_height:1.2&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_empty_space height=&#8221;30px&#8221; el_class=&#8221;empty-ht-0&#8243;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; 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