Portafolio Inmobiliario announced that it will begin the development of the Green Valley Free Trade Zone project, which in its first stage contemplates the construction of a Free Trade Zone located in the municipality of Grecia, province of Alajuela.
The total land on which the project will be located amounts to more than one million square meters, however, its construction will be carried out in stages.
In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers.
In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the industrial real estate market have chosen to migrate to the "Built to Suit" (BTS) leasing model.
In the first semester of the year, 33 environmental impact studies were submitted in countries in the region for the construction of different types of industrial plants and improvements in existing ones.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
Plans are underway to build an industrial park on a 124-hectare plot in the province of Limón, Costa Rica, which will operate under the free zones regime.
At the end of January 2018 the company Zona Franca La Francia S.A. submitted an Environmental Impact Study (EIA) to build an industrial park. The project is called "Zona Franca La Francia", and will be located in the canton of Siquirres, province of Limón.
An electrical transmission line in Panama, the expansion of an aqueduct in Costa Rica and a medical center in Guatemala are some of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be built in the region.
Plans are underway to build in Panama City a mini city estimated at $4.1 billion, which will include areas for logistics, commerce, residential development and city utilities.
The Environmental Impact Assessment (EIA) submitted to the Ministry of Environment in October 2015 by PGC Developers, SA, indicates that the development called "Panama Global City" (PGC), and will be located in the districts of Tocumen, 24 de Diciembre and Pacora, in the district of Panama, Panama Province.
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.
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