Of the 63 malls that exist in the department of Guatemala, areas 9, 10, 17 and 18 account for 49% of the total.
Zones 9 and 10 alone account for 14% of the commercial centers that exist in the department, with 855 stores. Elperiodico.com.gt reports that "...In the municipalities of Mixco and Villa Nueva, the number of stores reaches 1,466, distributed amoung 15 malls. These two areas, plus zones 9,10, 17 and 18, have 49.7 percent of the total premises that Gauss counted. "
The new brand, owned by Multiinversiones, has begun its expansion in the market, offering ".. a quick, good quality and affordable option ..." in the words of Rodrigo Del Cid, marketing the company’s manager.
Trinity Real Estate Corporation began work on its third mall in Coatepeque.
The works of the first stage of the mall, which has 28 thousand square meters, will be completed in November 2011.
Antonio Ralda, CEO of Trinity Real Estate Corporation, told Elperiodico.com.gt "... the southwest area of the country owns 40 percent of the population, which generates about 60 percent of the gross domestic product (GDP) and a population growth of 3.8 percent."
With a $ 10 million investment, La Trinidad Malacatán shopping center opened its doors to consumers.
It features 16.000 square meters of commercial space and will employ some 200 people directly and 800 indirectly.
" La Trinidad Corporación Inmobiliaria, developer of the project, invested about $10 million in the mall, which joins another with the same name in Retalhuleu. The directors of the company stated there are plans to build another one in Coatepeque, Quetzaltenango", reported Elperiodico.com.gt.
Corporacion Inmobiliaria announced the investment to construct a modern commercial center which will open its doors in 2010.
According to reports from elperiodico.com.gt "The La Trididad (Malacatan) Trade and Business will have a neo-urbanistic design will measure 7 thousand square meters, and will house some 33 stores, in addition to 250 vehicle capacity parking lot.
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