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Guatemala’s Grupo Spectrum invests $100 million

Tuesday, March 15, 2011

Banks in Guatemala have eased credit restrictions and buyers are returning to the real-estate market.

As a result, Grupo Spectrum will invest $100 million in five new housing projects for middle-class and upper-class buyers.

Spectrum is also planning to build in other countries. It already has a residential condo project in Managua and a complex of 50 apartments on the beach at San Juan del Sur, also in Nicaragua.

Original source (in Spanish): El Periódico