Panama: $17 Million Investment in "Mini" Storage

Brazilian-based Grupo Galores inaugurated in Juan Díaz a warehouse for personal or "mini" storage.

Tuesday, August 18, 2009

After a $17 million investment, Grupo Galores inaugurated its first of four planned personal storage warehouses. The 4-warehouse project will be completed by the end of 2010, reaching 6.000 units of personal storage.

The company also announced the construction of a $20 million Refrigeration Logistics Center, with construction expected to start in early 2010.

More on this topic

Self Storage in Costa Rica

August 2013

The trend for smaller housing and office spaces is driving the growth of the self storage business.

Elfinancierocr.com reports that "the migration of people and businesses to high rise residential and office buildings and competition for space are the triggers driving the development of the mini warehouse industry in Costa Rica.".

Warehousing Boom in Panama

June 2013

In the last four years $80 million has been invested in the installation or expansion of Micro-storage centers, together with recent growth in demand.

Prensa.com reports that "migration of pensioners, both in North America and Europe, and the arrival of more investors to Panama and the small sized apartments and offices, have created the need to build warehouses or Micro-storage centers for goods that are not in use or that people want to keep. "

Panama Improves Logistics with In Bond System

May 2012

Galores Cold Storage has inaugurated the first logistic service for storage of refrigerated and frozen perishable foods, under the In Bond regime.

‘In bond’ is a term applied to the status of merchandise admitted provisionally to a country without payment of duties -- either for storage in a bonded warehouse or for trans-shipment to another point, where duties will eventually by imposed.

USTDA Awards Grant For Air Cargo Facility At Tocumen In Panama

September 2009

USTDA awarded a grant to Gulf Coast International Cargo Panama, S.A., a private cargo and distribution firm, to increase Panama's trade capacity and strengthen its food security distribution system

The grant reflects USTDA's strategy of focusing on projects in Panama that will create export opportunities for U.S.

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