Between January and August this year, the value of new constructions in the country amounted to $651 million, which is 15.5% more than in the same period in 2013.
In the first 8 months of 2014 $651.5 million was reported in real estate investment, focusing on the areas of Panama north, east and west, particularly in the districts of Arraiján and La Chorrera.
Six companies will issue corporate bonds and stocks with terms of 3 to 28 years, with interest rates of up to 12.5%.
Laestrella.com.pa reports that of the issuances that are being prepared in the Panama Stock Exchange, "... the biggest will be by Banco Internacional de Costa Rica, S.A., with rotating corporate bonds for 200 million dollars with 3 or 7 year terms at a rate yet to be defined. "
Not only fast food franchises are growing, but also hospitality ones.
For example, during the first six months of 2013, seven Friday's restaurants, established in the country and run by the local group UNESA, recorded revenues of $9 million. Although some of these facilities reported low sales, the company says it is due to the stabilization of consumers, the time of year and other factors.
The lack of government planning for the water supply is affecting the development of real estate projects.
According to Guillermo E. Quijano Jr, president of Grupo Unesa, real estate development in the country depends on whether there are water services in the area where you want to build. "To be able to say that development will move towards the east or west or north sector of the city ...
The developers of a $40 million hotel are turning to the stock market for financing.
The financing structure to be used by the company in charge of building the 250-room hotel to be built in Panama City will be a combination of bonds, preferred shares and their own equity.
The National Union of Enterprises, in charge of the project, revealed its intention to use the stock market in the Investment Forum organized recently by the National Stock Exchange.
Unión Nacional de Empresas, a leading business conglomerate, has founded a new Panamanian bank, Banco Panamá. The bank plans an IPO shortly on the Panama stock exchange.
The bank will have no overall individual owner; no one will be allowed more than a 10 percent holding.
Guillermo Quijano, Jr., chairman of the board of the new bank, said that it formed a natural extension of the existing interests of Unión Nacional de Empresas, which include, hotels, restaurants, housing and equipment hire.