Primofar Development Limited Discuss Acquisition Issues

Primofar Development Limited acquires Paraguay-based real estate agency. According to PR department of the company, negotiations are to be conducted in fourth quarter of 2012.

Primofar Development Limited Discuss Acquisition Issues
Lefkosia, Cyprus, November 01, 2013 --( Primofar Development Limited ( has decided to purchase a Paraguay real estate agency. This move is explained by the extreme interest of Primofar Development Limited to residential real estate opportunities available is this region. In order not to split resources and not to drag specialists from their duties to compile a list of available property, the company has decide to use the information gathered by the local property agency. Having the database of tenants and landlords at its disposal, Primofar Development Limited can save both time and effort.

Manuel Trent, the CEO of the company has emphasized that Primofar Development Limited has no intention of changing the initial structure of the chosen real estate agency: "We have played attention to this business vehicle due to its success on the domestic market and commitment to the work they do. Despite the fact that we can do the market research in order to find the hottest opportunities we have decided to entrust this task to those who have been in this area for many years and who know how to gather accurate information. We know that this firm employs only professionals so Primofar Development Limited has decided to leave everything as it is now."

With the help of this merger Primofar Development Limited can get the most complete database of listed property. This is a great advantage for a young player like Primofar Development Limited. This company has entered the Paraguay market at the beginning of 2012 and has already managed to create a sound and pure reputation.

In the near future, Primofar Development Limited plans no other merger operations and intends to cooperate with other investment vehicles in the form of partnerships or co-investment activity.

Contact Info:

Gennifer Lowrens
PR Manager
1 Lord Byron Street, Office 101,
Lefkosia, CY-2150, Cyprus
Primofar Development Limited
Gennifer Lowrens