The chain of wholesale supermarkets Mayca has started operations in a new facility in the capital and is preparing for the opening of another one in Ciudad Quesada, outside the Greater Metropolitan Area.
The newly opened self-service store measures 432 square meters and is situated opposite the National Children's Hospital in San Jose. In relation to the store in Ciudad Quesada, San Carlos, there is still no definite date for its opening.
Specialty and department stores are the entities demanding the most space in commercial centers and malls in the capital.
The vacancy rate for Class A commercial property fell by 7.4% in the first half of 2013 to 4.8% in the second half of 2013, due to the fact that the rise in meters available in major shopping centers has been absorbed at a good pace, with many of those spaces being leased before the works are finished, reported a study by the real estate firm CBRE Panama.
The third phase of Multiplaza Pacific Mall will open formally on 6 December with all the new commercial spaces having already been sold.
With the changes made in this third stage of development, the mall now has a profitable area of about 100 thousand square meters.
Panamaamerica.com.pa reports that "Just in time for the traditional shopping on Mothers Day, on Thursday December 6 Grupo Roble will formally inaugurated the third phase of Multiplaza PacificMall, which will house approximately 109 new stores featuring international brands, informed the the mall’s commercial and marketing manager, Jaravy Rosales, who added: "the third stage is fully commercialized, and shops that were already in the mall will move into this new phase"
The Costa Rican firm has announced the opening of more stores in U.S. and Costa Rica.
Last February, the Pops ice cream chain opened its first branch in Miami measuring around 100 m2 and with an investment of $500,000. This was an initial step, because as well as operating this site in a mall in Pembroke Pines, it plans to open two more ice cream parlours in Florida during 2012.
With the opening of a branch in Panama City, the company has started its expansion plans in the region.
Olama Cespedes, owner of the company, said the expansion plans include opening five other branches in Panama during 2012. The company is also analyzing entry into the Nicaraguan market.
"Growth in the region comes after the famous brand of vehicle batteries LTH gave the chain distribution rights on Panamanian soil. Its direct competition in Costa Rica, La Casa de las Baterías - of Panamanian origin - has 15 branches in Panama and 6 in Costa Rica. As things stand, while Súper Baterías prepares for the tough competition that awaits them abroad, it keeps growing in Costa Rica, at a rate of between 10% and 15% a year", published Elfinancierocr.com.
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