Altius Group

Frequently asked questions

What is Altius Group?

It is one of the developers with the longest track record in Uruguay: it has worked in the country since 2008 and builds residential buildings under the Nostrum, More and Bilú brands, and offices under its Smart line, in Montevideo, Canelones and Punta del Este.

Is Altius a developer or a builder?

It presents itself as a developer: it defines the projects and sells them. The architecture is signed by Uruguayan studios such as Carlos Ott and Carlos Ponce de León, Gómez Platero and Plan Proyecto Consultores.

Who is behind Altius Group?

Its financial backer is Peninsula Investments Group, the fund co-founded by Mauricio Levitin, head of Altius in Uruguay until his death in 2021, and Josef Preschel, now CEO of Altius Group.

What is the difference between Nostrum, More and Bilú?

Nostrum is the promoted-housing line, with moderate building fees. More has more amenities, such as a heated pool or private cinema. Bilú is the top-tier line, in Carrasco and Villa Biarritz.

Which Altius projects have Promoted Housing benefits?

The Nostrum line and the More Atlántico and More Botavara towers are offered under the Promoted Housing regime (Law 18,795), which provides tax exemptions for buyers. More Pocitos, More Buceo, the Bilú line and Smart Riviera are not promoted. The terms of each benefit depend on the project and current regulations, and each project page states whether it applies.

Does Altius have projects in Punta del Este?

Yes. More Atlántico, within the Atlántico complex at stop 22 on Avenida Roosevelt, and Nostrum Roosevelt, at stop 19. The first More Atlántico tower and the shopping centre opened in December 2023.

And in Canelones?

More Botavara, in Ciudad de la Costa: three eleven-storey towers facing the lakes, with their own jetty.

How many units has Altius delivered?

More than 2,800 in Uruguay. The figure has grown over time: 1,375 in 2020, 2,000 in October 2023 and 2,300 in 2024.

Does Altius deliver on the announced date?

The case with public dates is Atlántico: in July 2021 the company announced the first tower and the shopping centre for December 2023, and they opened on 15 December 2023.

Can I buy with a mortgage?

It depends on each bank, the project and the stage of construction. Local banks and the BHU offer loans for new housing, on terms set by each institution.

What is the Peninsula Uruguay trust?

It is a financial trust of up to US$45 million approved by the Central Bank in July 2026 to fund between 12 and 17 Altius projects, including the third More Atlántico tower, the second phase of More Botavara and a new phase of Nostrum Garden.

How do I enquire about an Altius project?

Each project page shows the available units, prices and delivery date. Enquiries are made via WhatsApp with INGAR, quoting the project or the unit.