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Real Estate and Construction
PUNTAGALERACONSTRUCCIONESS.A
Pedro Armijos Hidalgo
General Manager
Gonzales Suarez n31-136. Atrium
Building. PB-6, Quito.
Tel: +593 23817992 / +593 99206553
Info.puntagalera@gmail.com
www.puntagalera.com
Activity: Construction
Date of creation: 2006
Puntagalera Construcciones S.A. is a construction
company founded in 2006. Currently, it is dedicated
to building luxury beach front properties on the Ec-
uadorian coast. The company is owned by Spanish
and Ecuadorian partners.
Its present project is called “Torres del Mar” and will
last for the next 3 to 4 years. It is comprised of 120
high end apartments on 170,000 sq. feet for sale
and another 50,000 sq. feet in prestigious condos
for rent. With the help of Spanish investors, the com-
pany has successfully finished the first of three parts
of the project and is currently looking for reliable in-
vestors to complete the development of the next two
stages. Investors receive high rates of return, with all
the guarantees needed to ensure their security. The
first apartments went to the market on January 2011.
The project consists of 3 building towers and 1 hotel
complex surrounded by the Pacific Ocean in its front
and a golf course in its back. It has swimming pools,
tennis courts, and food & beverage areas. The pro-
ject is in the middle of a private complex called “Casa
Blanca” in the town of “Same”, province of Esmeral-
das, with over 3,000 luxury apartments, several en-
tertainment areas, restaurants and a private Marina
with a Yacht club.
Puntagalera Construcciones S.A. is a new company
growing at a high rate and being recognised for its
efficiency and individual approach to each customer.
ECO & ARQUITECTOS
Eduardo Castro
President
Burgeois N34-507 y República, Quito- Ecuador
Tel: +593 2 3317 206. Fax: +593 2 3317 098
www.eco-arquitectos.com
Activity: construction of social houses
Date of creation: 1980’s
Employees: 60
Turnover: 21 M usd
It has been 30 years since the company started its
operations, a period during which they have made
many advances to reach the ultimate goal.
Initially, the company was formed by young pro-
fessionals that did not belong to the monopoly of
the architectonic Quito, as well as by the youth
from the northern Mexico, from modest economic
backgrounds but with a strong will to find a way
to solve problems related to the housing shortage
in the country.
It began with small contracts with the Municipality
of Quito.
In 1986, they built their first project under the new
formula with retail cost levels: 18 single-family
housing project, very welcoming and of a very
good quality. Although it was the most economical
on the market, it was not enough: the offer still
maintained a high price. In 1988 they launched
their first housing plan without interior finishing.
The project was a success and many families
benefited from it.
In 1998, the National Government began the pro-
ject of voucher housing, but the economic situa-
tion and the construction crisis of 1995, as well
as conventional approaches to social housing
did not allow the program to succeed. In the year
1999, they started cooperating with the Ministry
of Urban Development and Housing (MIDUVI) to
deliver an appropriate proposal for social housing.
On February 2000, they delivered the first 66
homes that gave a good start to their program
that has been subsequently implemented, adding
8600 residential units - projects that gave shelter
to families who had lost hope of having a house
and, essentially, creating jobs for hundreds of
workers, thereby regaining the confidence of the
local society in construction companies.
In fact, they were the pioneers in developing so-
cial housing in 1998 (social housing is considered
between USD$10 000 to 80 000 worth houses). In
2009, the company had a turnover of USD$7 to 10
million, in 2010 will be USD$18 and in 2011 they
expected to reach USD$21 million. There are 60
employees working for the company. Most of its
houses are located in Quito.
In 2004, the company was named as the Con-
structor of the year, by the Construction Chamber
of Ecuador.