Articles
Business intelligence and analysis on Ecuador
Guayaquil’s Casa Tola Moves Toward Commercial Redevelopment Behind a Preserved Facade
Casa Tola’s deterioration has made redevelopment unavoidable, but the project will preserve the historic 9 de Octubre facade under INPC and Guayaquil municipal oversight. Demolition is expected to take about 60 days, followed by nine to 11 months of construction.
Biess Relaunches Property-Auction Platform With Listings Across 14 Provinces
Biess has consolidated auction listings, bidder requirements, and the offer workflow at rematevirtual.biess.fin.ec. The current catalog covers 14 provinces and requires a 10% cash deposit or 15% deposit for installment bids.
Eternit Targets USD 22,000 Industrialized Homes as Ecuador Housing Credit Expands
Eternit is preparing a standardized social-housing product for late 2026. The company’s proposed homes, investment, and pricing arrive as Ecuador’s housing-credit portfolio reaches USD 2.861 billion.
Ecuador Puts Payment Documentation at the Center of USD 10,000-Plus Transactions
The measure broadens the compliance surface around property transfers, mortgages, donations, consortia, credit assignments, and other instruments.
SOT Files Criminal Complaint Over Quito Land Administration
The SOT says its surveillance process found alleged technical, administrative, and potential criminal irregularities in Quito land control, including four alleged offenses tied to a property near Fundo Rumihuaico.
Capital Shopping Passes 20% Completion On USD 100M Build
Capital Shopping has exceeded 20% construction in Portoviejo. The Consorcio Portoshops project combines more than USD 100 million in private investment with a municipal access-road build inside the Villanueva business district.
CAF-Backed Consultancy To Draft 20-Year Guayas Basin Plan
The consultancy budget is USD 562,500, with CAF financing 80% through nonreimbursable technical cooperation. The final product is expected to include a 20-year master plan and at least 10 financeable projects.
Ecuador Delivers First Locally Assembled Military Patrol Vehicle
Ecuador’s first locally assembled military patrol vehicle was delivered to the Joint Command of the Armed Forces. The Páramo model was assembled at Aymesa’s Quito plant with tactical adaptations, ballistic armor and specialized equipment.
Quito Tenis y Golf Club Plans USD 75M Pifo Relocation
Quito Tenis y Golf Club is building a new 110-hectare site in Pifo with around USD 75 million in investment, while its 78-hectare El Condado site is positioned for park, road and housing uses.
Portoviejo Allocates USD 595,000 To LiDAR-Led Hojas-Jaboncillo Cultural Project
Portoviejo plans a USD 595,000 first-phase investment in Plan Huella Cultural, using LiDAR to identify structures at Cerro Hojas-Jaboncillo in Manabí. The project links heritage restoration, destination development and municipal capital spending.
Starbucks Targets Nine Ecuador Stores With Guayaquil-Daule Expansion
Starbucks is preparing stores at Mall del Sol in Guayaquil and El Dorado in La Aurora, Daule, moving its Ecuador footprint beyond Quito. Sector sources estimate openings between July and August 2026, which would lift the chain to nine stores after USD 5.4M in 2025 sales.
Quito COE Reviews El Niño Water Plan as Blanco Chico Repairs Target 700 L/s
Quito’s metropolitan emergency committee is reviewing an El Niño contingency plan focused on water reserves, Papallacta supply and fire risk. The Blanco Chico recovery project is expected to restore 700 liters per second at an approximate cost of USD 700,000.
