FCA Group Acquires a Further Six Commercial Properties in Casco Viejo, Panama
FCA Group has acquired a further six commercial properties in Casco Viejo, Panama, also known as the “old quarter.”
[February 8, 2024] — FCA Group, one of Libra Group’s real estate subsidiaries that develops, invests in, and manages commercial properties across Central America, has acquired a further six commercial properties in Casco Viejo, Panama, also known as the “old quarter,” the historic district of Panama City that has been named a UNESCO Cultural World Heritage Site.
The six commercial premises, three of which are newly constructed, are located on the busiest street in Casco Viejo, offering plenty of foot traffic and a vibrant community. The three new units are part of the Santa Familia complex, a newly built luxury apartment complex in Casco Viejo. All three of the existing units have tenants, including restaurants, cafes and an ice cream shop.
FCA Group acquired the properties for close to $5 million and collaborated with financing partner Mercantil Panamá, a leading local bank with more than 90 years of experience. With this acquisition, FCA Group’s portfolio in Panama grows to 42 properties.
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