Peninsula Investment Group, one of the leading real estate firms in the Americas, has launched – through an affiliate – construction of one of its most innovative real estate projects: More Mariscal.
The project involves an estimated USD 45 million investment and includes two residential towers, one office tower and a shopping center, in addition to preserving a historical home, “Quinta Brackenridge,” which was declared by the Municipality of Asunción to be part of the city’s cultural heritage.
More Mariscal will be located at a key point in the city, southwest of the Villa Morra neighborhood, characterized by coexisting commercial, gastronomical, hotel, corporate and residential proposals.
Peninsula Investment Group, along with its affiliates, were advised by FERRERE throughout development of the project. This included advice on financial structuring, project startup and development, drafting financial and real estate agreements, as well as negotiating terms with counterparties. In turn, the firm assisted on review of the agreements, in addition to advising on regulatory, real estate, intellectual property, corporate and environmental issues.
The FERRERE team was led by partner Verónica Franco, together with a team of practitioners including Guillermo Jover, Mateo Román, Yamina Centurión and Lisette Spelt.