Over fifteen years experience owning, managing and building in Central America.

Founded in 2005 and taking its name from its first acquisition, Conservatorio Nacional de Musica. Conservatorio is real estate development and management company with +15 years’ experience in the urban revitalization of Panama’s Casco Antiguo. Conservatorio currently manages over USD $390 MM in real estate assets distributed in 350,000 m2 of GLA (Gross leasable area). It also holds USD $240 MM in development projects with over 180,000 m2 of GLA .

Awards and Recognitions

Meet the Team

Dennis Chen

Chairman – board of directors.

Broad experience in portfolio and investment management (+20 years), Wharton MBA and Bain alumnus

Jaime de Saint Malo

Independent Board member

Ample real estate development experience, CEO of EDYFYCA and president of CNUP (Consejo de Nuevo Urbanismo de Panamá).

Juan José Vansice

Independent Board Member, SUR FUND Treasure

More than 20 years’ experience in real estate investments and retail companies.

Sofía Lanuza

COO SUR FUND and Board member

Executive with over 12 years’ experience in business management, strategic planning, and implementation. Competencies in directing and overseeing end-to-end operations of a business.

KC Hardin


Manager & CEO for Conservatorio S.A., +20 years’ experience in real estate development and management, leading multiple development projects in Casco Antiguo.

Alberto Roux

Portfolio Manager

Asset management experience for projects worth +20 MM USD and +5 years’ experience in financial analysis.

Javier Cattan

Finance director

Financial expert with +10 years’ experience in financial controlling, planning and cash management. MBA Thunderbird school of management and BS Industrial engineer from Purdue University.