Panama: Increased Investment in Logistics Parks

With strong preference for the vicinity of Tocumen Airport, in 2012 Panama's logistics industry totaled $200 million in investment in new facilities.

Tuesday, March 12, 2013

Capital.com.pa reports that "according to the Industrial Market Report prepared by the firm CBRE Global Research and Consulting for 2012, the increase of logistics parks and booming growth for such projects, especially with Class A facilities, has allowed those building to improve product delivery and offer advantageous prices for companies on the look out in these areas. "

On the Via Tocumen and the Pan American Highway to the east, there is a concentration of a large number of industrial and logistics parks, in an area with the most profitable area built, the biggest quantity of areas available for this activity and good average prices for rent and sale.

According to the president of the Business Logistics Council (COEL), Daniel Isaza, counting logistics parks, there is an estimated investment of over $120 million, however there are warehouse complexes that are not classified as logistics parks but which provide or use storage and distribution facilities.

Isaza believes that the construction of logistics parks in the area is a competitive option for all industries and markets wishing to settle in Panama without the need to enter the traffic and congestion of the city.



More on this topic

New Logistics Park in Guatemala

October 2018

Ofibodegas California logistics park, consisting of 15 industrial buildings and located at kilometer 63 of the Puerto Quetzal highway, will begin operations in November.

The company which developed the new industrial complex of 19 thousand square meters was Construcciones Modernas, S.A. (Comosa), investing about $10 million in the project.

Panama: Growing Demand for Logistics Parks

May 2014

The incentives for investment by multinational companies and free zones explain part of the increase in demand for space by the industrial sector.

The development of new industrial parks run by large companies seeking to position themselves as logistics centers, has become the main driver of the property market, which in reports for the last half of 2013 showed an absorption rate of 92%, higher than the 86% recorded in the previous semester.

Panama: Growing Investment in Logistics Parks

June 2013

During the first six months of 2013 there was a total of 215,000 m2 in construction of logistics parks, where there are already more than 539,000 m2 and an available area of ​​106,000 m2.

An Industrial Market Report for the first half 2013 prepared by the firm CBRE Panama reflects an increase in the construction of logistics parks mainly in the East periphery with 115,803 m2 under construction and 218.182 m2 already constructed, areas which are near Tocumen Airport and which are very accessible to the main location of the projects.

Demand Exceeds Supply in Logistics Parks

July 2012

In Costa Rica, areas with adequate dimensions, location and logistical services are still unable to meet demand.

Companies like Distribuidora Dipo, Durman Esquivel, Importer Monge, Walmart and Group Constenla have invested in their own logistics centers, because of the low supply of logistics parks in the country.

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Parque Logístico Panamá

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
Phone: (507) 830 8888

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