Grupo Aristos has announced plans to invest $75 million over five years in the construction of two new industrial buildings and an office at the American Industrial Park.
The company expects to start construction of the new industrial buildings next year, once the paperwork and necessary permits have been completed.Edwin Escobar, executive director of American Industrial Park, told Elsalvador.com that"... although everything is moving along, it is not going at the speed they want, because 'time spent on red tape is too slow," explained the executive. "
Despite the slowing of the pace of construction of industrial parks and warehouses in the second quarter, rents remained stable.
Capital.com states that"... at the end of the second quarter of 2016, construction of industrial parks continued cautiously, going from 350,759 to 317,535 square meters. And, despite the entry of new warehouse spaces in the market, availability remained stable at 7.2%, confirming a high demand."
Roadworks, a free zone, a high rise residential condominium and a private school are some of the projects for which environmental impact studies were presented in April 2016.
The report "Construction projects in Costa Rica in April 2016", prepared by the Business Intelligence unit at CentralAmericaData.com, provides an updated list of major construction projects for which environmental impact studies (EIS) were presented to the National Environmental Technical Secretariat (SETENA) in April.
Growth has been projected in demand for warehouses, especially within industrial parks and a consequent increase in rent prices is predicted.
The forthcoming entry into operation of the expanded Canal and the Tocumen airport expansion are two of the factors that have influenced the projected increase in demand for rental of specialized storage warehouses in the medium term.In 2015 the rental price for warehouses"... remained above $9 per square meter, the average sales price in industrial parks amounted to $1,580.00 per square meter and class B warehouses at $935.00 per square meter."
An environmental impact study has been presented for the construction of an industrial park with 6 commercial premises and 82 warehouses in Tocumen, Panama province.
The Environmental Impact Assessment (EIA) submitted to the Ministry of Environment in March 2016 by INMUEBLES Y CONSTRUCCIONES DEL ISTMO, S.A. indicates that the development will be called "Parque Industrial Tocumen" located in the district and province of Panama, town of Tocumen.
As soon as the third set of locks starts operating, the Canal Authority plans to develop logistics and industrial projects in the thousand hectares located west of the waterway, near the former Rodman base.
Building a roll-on roll-of port, an industrial area and an area to store refrigerated cargo are part of the recommendations that Antea Group made to the Panama Canal Authority, after it requested a study to determine the feasibility of developing the area. The main objective of the Panama Canal Authority is to take advantage of the expansion of the road and increase its value, providing complementary services to local and multinational companies.
A group of local businessmen have announced the start of construction of the first stage of an industrial park in 18 hectares of land in San Carlos, Alajuela.
They indicate that Parque Muelle will offer the possibility of operating under the free zone regime and they are aiming to attract companies from the sectors of agribusiness, technology and logistics, explained Victor Perera, founding partner of the project to Nacion.com. Perera said the project will require an investment of $400 million and will be developed in stages over six years, starting now with the construction of roads leading to the internal part of the property and installation of electrical infrastructure, telecommunications and a water supply.
An environmental impact study has been presented for the construction of an industrial complex composed of multiple warehouses and office spaces in the province of Cartago.
In the Environmental Impact Assessment (EIA) submitted by Espirit International SA to the National Environmental Technical Secretariat in January 2016, it indicates that the development will be called "Parque Industrial Múltiple" (Multiple Industrial Park) and will be located in the district of San Nicolas, Province of Cartago.
Tax exemptions and other incentives for companies in the industrial sector are part of the proposals in the bill on Industrial Property Law which is being prepared by the government.
Vice Minister of Commerce, Manuel Grimaldo, told Anpanama.com that "... the bill which is being worked on for industry contains some benefits such as tax incentives, and this sector could be paying a 10% tax instead 25% or 30%. "
A strategic alliance between Escuintla and the Korean port of Incheon will be possible because of an investment of $16.5 million, announced the Korean Chamber of Commerce in Guatemala.
The President of the Guatemalan-Korean Chamber of Commerce (CGCC), Raul Salazar, announced the construction of the Michatoya Industrial Park in the municipality of Palin, Escuintla (about 60 km from Guatemala City), whose construction phase will end in July.
The project Parque Industrial del Caribe in Costa Rica, includes the construction of an industrial free zone measuring 41,000 m2, an 8,300 m2 office center and an 11 000 m2 shopping center, as well as Ofibodegas and a hotel.
The companies behind the project announced plans to begin construction of the Caribbean Industrial Park (PIC by its initials in Spanish) in the first quarter of 2016. They added that they already have municipal permits and in the coming days will apply for environmental permits. The project will have a commercial module, a hotel module and an industrial module.
San Miguel Industrial Park is the only park that owns a construction and consulting company. We offer the Free Zone location with the perfect building to suit your manufacturing needs. Our flexible layouts allow an easy future growth. Because of this fact we can offer exactly what our clients need at a very competitive price. Clients can own a building or they can enter a lease agreement. Because of this flexibility many world known companies have chosen to work with us. We are licensed to build in Honduras providing the best free zone laws in the industry maximizing profitability.
Operates in Honduras and Honduras
Phone: (504) 2556-7373 - (504) 94510322
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158
London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO.
Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 316-3500