Investment in commercial centers in Guatemala stopped

Due to the crisis Inmobiliaria MultiProyetos has decided to stop the construction of four commercial centers that were scheduled to begin this year.

Friday, January 23, 2009

Ricardo Gonzalez Diaz-Duran, executive president of the firm which belongs to MultiInversiones Corporation, explained to Sigloxxi.com: "The projects already have the required space and the design and feasibility plans, but we have decided to wait until the economy is reactivated and for local commercial chains to increase their demand for commercial spaces before we begin the construction phase."

MultiProjects confirmed, however, that this year they will invest some $37 million in the remodeling and expansion of Galerias Pradera, in Zone 10."

More on this topic

$37 Million in Guatemalan Mall

February 2010

Multiproyectos Group will remodel and expand shopping mall “La Pradera”, in Zone 10.

Ricardo González Díaz-Durán, executive president of Multiproyectos, owner of the complex, reported the project will be split in three phases. The first includes working on the inside of the mall and the food court.

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