The story of Onyx Group in Paraguay is a tale of ambition and strategic vision. Since Mario López Estrada, a prominent Guatemalan businessman, decided to cross borders in 1967, the conglomerate has left an indelible mark on the urban and economic fabric of Paraguay. This journey, which began in the real estate and telecommunications sectors, has transcended into a multifaceted commitment to the country’s development and sustainability. Through flagship projects like Paseo La Galería and Plaza Madero, Onyx Group has not only fostered economic growth but has also redefined community spaces and urban living expectations in Paraguay.
Onyx Group’s approach in Paraguay combines innovation with social responsibility, adapting its business strategies to local needs while promoting sustainable development. This duality has not only facilitated tangible economic growth but has also established the company as a pillar in the development of critical infrastructure for the country’s future.
Paseo La Galería and Urban Reconfiguration
Paseo La Galería, the largest real estate megaproject in Paraguay, is a clear example of Onyx Group’s transformative impact. With an investment of $280 million and over 280,000 square meters of construction, this complex is not just a shopping center but an integral ecosystem that includes offices, a hotel, an events center, and more. This project not only revitalizes the local economy through job creation and increased consumption but also offers a vibrant space for community life, strengthening the social and cultural fabric of the region.
Innovation in Logistics and Housing Projects
The new logistics project in Luque reflects Onyx Group’s adaptability in responding to the emerging needs of the Paraguayan market. With an investment of $19 million in high-standard facilities, Onyx Group is strategically positioning itself to serve businesses seeking efficiency and modernity in logistic solutions. This project not only improves local infrastructure but also attracts foreign investment and fosters a competitive and open business environment.
Furthermore, Paseo 55 promises to be a turning point in Asunción’s residential market. With its 212 meters in height and 55 floors, it will be the tallest residential tower in the country, offering a new definition of luxury and urban comfort. Such projects not only change the physical skyline of Paraguay but also raise living standards, attracting a cosmopolitan and dynamic population.
Commitment to Sustainable Development
Onyx Group’s leadership in Paraguay extends beyond construction and real estate; it is a vision that incorporates sustainability into each of its projects. By prioritizing renewable energy and environmentally respectful constructions, Onyx Group not only ensures a greener future for Paraguay but also aligns with global expectations of corporate responsibility.
Onyx Group in Paraguay is a testament to the power of a well-executed business vision that sees economic growth as a parallel path to improving quality of life and respecting the environment. With every project and investment, Onyx Group is not just building structures; it is shaping Paraguay’s future, demonstrating that true business success is measured both by economic impact and by the social and environmental legacy it leaves behind.
