Panama: $20 Million More in Micro-storage Facilities

In the coming months, the company Almacenajes S.A. plans to begin constructing three new warehouses.

Wednesday, September 22, 2010

Almacenajes S.A. currently has six facilities in Panama with approximately 6,000 "minidepositos" (small storage depots). Marissa Valencia, vicepresident, commented that in the next few weeks they will be opening new branches. One is planned for the town of David toward the Costa Rican border, and another for Gorgona near the capital city.

"While most of the company's customers are Panamanians, in recent years more and more foreigners are expressing an interest in the service as a means of storing their possessions," reports Alex E. Hernández on the La Prensa web portal.

More on this topic

Warehousing Boom in Panama

June 2013

In the last four years $80 million has been invested in the installation or expansion of Micro-storage centers, together with recent growth in demand.

Prensa.com reports that "migration of pensioners, both in North America and Europe, and the arrival of more investors to Panama and the small sized apartments and offices, have created the need to build warehouses or Micro-storage centers for goods that are not in use or that people want to keep. "

The Self Storage Business

December 2011

Although investments in this sector in recent years have exceeded $50 million in Panama, there is still unmet demand for storage solutions which are more or less temporary.

Almacenajes Mini-Depósitos, MegaStorage and Galores are some of the companies that provide storage services in Panama, offering solutions ranging from small boxes that are rented for $9.99 a month, to entire floors measuring 100 square meters.

Panama: Construction of Refrigerated Logistics Center Underway

August 2010

Galores Cold Storage is investing $30 million in building a refrigerated storage facility in east Panama.

The facility will be located in the area of Las Mañanitas, near Tocumen International Airport, and will have capacity for 900 40 foot containers.

Pa-digital.com.pa reports that, "the new center aims to attract 60% of its customers locally and the remaining 40% from companies needing to distribute chilled merchandise via Panama to other parts of the world".

Panama: $17 Million Investment in "Mini" Storage

August 2009

Brazilian-based Grupo Galores inaugurated in Juan Díaz a warehouse for personal or "mini" storage.

After a $17 million investment, Grupo Galores inaugurated its first of four planned personal storage warehouses. The 4-warehouse project will be completed by the end of 2010, reaching 6.000 units of personal storage.

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