Campiglia Launches New Way to Save Up in Bricks

Thursday 01 October 2009

With a cocktail in the Rara Avis of the Solís Theatre, was released yesterday Campiglia Pilay Trust, which aims to "save up in bricks" and is designed on the basis of a set of savers who pursue the common goal of investing their money in building property.

This system has lower fees while you don’t take possession over the property and allows the sale of the contract at any given time without paying penalties. There is also a scoring mechanism that follows the buyer throughout his life, awarding points for marriage, birth of children, progress in the studies and the introduction of friends to the program.

According to the president of Pilay Uruguay, Javier Vigo, the program is based on three fundamental life goals: securing the future of your children, owning your home and investing with confidence.

For the president of Campiglia Construcciones, Eduardo Campiglia, this proposal opens "in an innovative but yet responsible way, a new option for those who want to be able to own a home or want to make an investment in bricks, that has proof to be safe and profitable in time, or who want to ensure their children or grandchildren a home."

Today, in Argentina, the project gained 430 new investors per month, generating a projected investment of 446 million dollars that will be turned over to the construction industry in the coming years.

Pilay is an investment manager in real estate assets. In Argentina they count with more than 150,000 square meters and an investment of 100 million dollars. The Pilay system has been applied in cities such as Sante Fe, Rosario, Cordoba and Paraná.