Premium units that gained over 50% in value.

CompletedBarrio Parques, Carrasco Norte

Status: Completed · Delivered in 2019
Units: 27 premium in 2 blocks
Location: Barrio Parques, Carrasco Norte
Investment: US$ 8M
Architecture: Bodega & Piedrafita

At-cost trust

Structured as an at-cost trust when the model was new

Oxo Parques was structured as an at-cost trust when the model was still new to the market. The buyers themselves, as trustors, funded construction through monthly contributions, and the final cost deviation was only 4%.

At-cost trust
100% sold before construction
Only 4% deviation
No schedule deviations

Performance

A project that created value.

Premium units that quickly gained value, with costs and timelines managed as promised.

+50%: appreciation in a short time
4%: cost deviation
100%: sold before construction began
0: schedule deviations

Pioneers in Carrasco Norte

The start of a boom

Oxo Parques was one of the first apartment projects in the area and paved the way for the development boom that defines Carrasco Norte today.

Oxo Parques

Premium units in a green setting

Oxo Parques is a set of 27 premium apartments in two blocks of ground floor plus three levels, surrounded by gardens.

It includes a parking level and shared spaces designed for wellbeing: gym, sauna, locker rooms, meeting room, laundry and pool with solarium.

A boutique project ahead of its time: in how it was structured, in the quality of its units and in the area it chose.

At-cost trust

An innovative structure at the time, with a cost deviation of only 4%.

Premium units

Quality finishes that gained more than 50% in value within a short time.

Pioneers

One of the first apartment projects that drove the growth of Carrasco Norte.

The project

Co-developed with Bodega & Piedrafita, who also designed the architecture.

100% of the units were pre-sold before construction began and the project was delivered with no schedule deviations, with every unit in its owners’ hands.