Shopping Mall Fever in Panama
Development of Shopping Malls is the most profitable real estate endeavor today, and not just in the capital city, but in all of Panama.
Tuesday, September 22, 2009
$160 million are being invested in 8 shopping malls around the country, showing the potential of this sector. Growing customer's demand for shopping venues is satisfied through new investments.
Benzar Holdings has invested over $40 million in Atrium Mall, which will boast 14,500 m² to retail space.
Expreso Mall will be located in Desamparados, in the Costa Rican capital, and will have 84 stores, and a supermarket and a hardware store as anchor stores.
The number of square meters of shopping centers and malls under construction amounts to 538,000, most of which is concentrated in the east of the capital and surrounding areas.
The shopping complex to be built south of the capital on an 8 hectares area will be ready in late October 2014.
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