Gran Central Panama secures construction financing from Banco General, marking a major milestone for the Avenida Central development and reflecting long-term institutional confidence in the project’s vision and impact on Panama City.
Today, Gran Central signed the terms of the project’s construction financing with Panama’s largest bank, Banco General. We have worked with Banco General for over twenty years. They were part of financing Conservatorio’s projects back when very few banks believed in the potential of the historic district. And in 2018 when we bought the first piece of the Gran Central property they were there for us. Perhaps it helped that one of Banco General’s oldest branches is in the historic Kodak building, which sits directly next to the Gran Central site. They have watched Avenida Central through the decades— its golden years, its long pause, and now its return. When a bank with that kind of size and institutional memory chooses to back a project, it means something different than a standard credit approval. It means they see the vision. We're grateful to the team at Banco General for their trust, their vision, and for being, in every sense, our neighbors on this street.