Nuevocentro Towers
A landmark that changed how its surroundings are seen.
- Status
- Completed · Delivered in 2017
- Units
- 440 in 2 towers
- Height
- Ground floor + 25 levels
- Investment
- US$ 70M
- Regime
- Promoted housing
The first residential public issue purchased by the AFAPs
Nuevocentro Towers was financed through a public issue purchased by Uruguay’s pension funds (AFAPs), unprecedented for a residential project in the country. This secured 100% of the funds from the start and kept the project on its planned financial schedule.
- Public issue
- 100% of funds from day one
- Delivered 4 months early
- No cost deviations
We delivered what we promised.
A large-scale project delivered ahead of schedule and with no deviations from its commitments.
- 4 months
- ahead of the contractual deadline
- 0
- cost deviations
- 100%
- of funds from day one
- 440
- units delivered
One of the first Promoted Housing projects in the country
Nuevocentro Towers was a pioneer under Uruguay’s Promoted Housing regime (Law No. 18,795), which encourages housing construction with tax benefits for investors and buyers.
- A pioneer under Law No. 18,795
- Tax benefits for buyers and investors
- Completed and 100% delivered
Homes and shopping, integrated for the first time
It was the first large project to integrate the services of a shopping mall with homes. The towers share their lot with Nuevocentro Shopping and transformed how the whole area is perceived.
Nuevocentro TowersLiving connected to the city
Nuevocentro Towers rises above Nuevocentro Shopping: shops, dining and services steps from home.
Special permits were obtained to exceed the height allowed in the area, and the land was acquired through negotiation with the mall’s developers.
A project that marked a before and after: for its surroundings, for how housing is financed and for how people live in the city.
Integration
The first large residential project integrated with the services of a shopping mall.
Institutional investment
The first residential public issue purchased by the AFAPs.
Promoted housing
One of the country’s first projects under the Promoted Housing regime.
A complex of 440 apartments in two towers of ground floor plus 25 levels.
It includes a parking level and fully equipped multipurpose rooms. The project is complete, with all units delivered to their owners.
The city, at your doorstep
- 01Nuevocentro Shopping
Direct access to shops, dining and services.
- 02Multipurpose rooms
Fully equipped for residents.
- 03Parking
A full parking level.
On Luis Alberto de Herrera Avenue, one of the best-connected hubs in Montevideo.
A setting the project itself helped transform, now an established center of services and housing.
- Nuevocentro Shopping
- Luis Alberto de Herrera Ave.
- Bulevar Artigas
- Connected to the whole city
The towers
Two towers of ground floor plus 25 levels, with 440 apartments, parking and multipurpose rooms.
- 440
- apartments
- 2
- towers
- 25
- levels
