A mixed-use tower in Costa Rica, a residential condo in Panama and a warehouse building 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 soon.
East of the Costa Rican capital, in Curridabat, plans are underway to build a mixed development consisting of an office and apartment tower, and a shopping center with 200 stores, cinemas, food courts plus 1,200 parking spaces.
The project, according to the Environmental Impact Study (EIA) submitted in February of this year to the Setena, also includes expansion and remodeling of the hardware store EPA.
Last year in the region, 290 environmental impact studies were submitted for construction of public and private office buildings.
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 in each country.
In 2017, 437 environmental impact studies were presented in countries in the region in order to develop vertical and horizontal housing projects.
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 in each country.
Banco Popular of Costa Rica has announced that it will invest $43 million in the construction of a new building, $34 million in the remodeling of the current one and $12 million in rent and adaptation of offices.
Representatives from the banking entity stated that they will be building new headquarters called "Edificio Metropolitano II".The building will be located in the Costa Rican capital, and will have 15 storeys and two basements, and will have the capacity to house 1,400 workers.
A highway in Panama, a tourist center in Costa Rica and a high rise residential complex 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 in the region.
In Costa Rica, a real estate developer has announced that it plans to start construction of an office building in Curridabat, San José, this year.
Representatives of construction company Desarrolladores 506, promoter of the project, reported that the building on seven levels will have 289 parking spaces.Its location will be in the northeast part of the Momentum Pinares shopping center and the new office tower will have direct access to the shopping center.
A real estate group of Honduran origin has announced that in 2019 it will start construction of a mixed project in Alajuela that will house a hotel, an office and a restaurant.
Without giving further details, representatives of Lady Lee Corporation, developer of the"City Mall"shopping center located in Alajuela, announced that in 2019 they will start earthworks to build, on a piece of land adjacent to the commercial center which is already operating, a building that will have offices, a gastronomic center and a hotel.
Apartment buildings and horizontal condominiums in Panama, Costa Rica and Guatemala feature heavily in the list of real estate 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 for which environmental impact studies (EIA) were submitted to the respective institutions of each country in November 2017.
A wastewater treatment system in Panama, apartment towers in Guatemala and an education center in Costa Rica are some of the projects planned for the coming months in the region.
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 in October 2017.
The investment fund belonging to the fund manager of Grupo Prival has authorized a maximum amount of $150 million and the term will be 30 years.
The General Securities Superintendency authorized Sociedad Administradora de Fondos de Inversión de Grupo Prival to set up and sell stakes in the real estate investment fund.
Elfinancierocr.com reports that "...The amount authorized by the General Securities Superintendency (Sugeval) for the Prival fund is $150 million, with 30,000 shares and each of them will have a nominal value of $5,000.The expiration term will be 30 years and the maximum term for the placement of the authorized amount runs up to December 31, 2022."
In Costa Rica, the investment fund management company Multifondos has announced the acquisition of the corporate center El Cafetal, located in Belén, Heredia.
Elfinancierocr.com reports that "...Multifondos, a subsidiary of the financial group Mercado de Valores, said the amount represents the largest purchase made by a real estate fund in the country and it has been estimated that this will result in the real estate fund industry being valued at $2 billion."
A mixed-use residential complex in Panama, an industrial complex in Costa Rica, and two apartment towers in Guatemala are some of the projects that are planned for development in the coming months in the region.
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 the respective institutions of each country in May 2017.
At the end of the first quarter, office space inventory totaled 1.4 million square meters, with an average price of $19 / m2, up 7% compared to the same period in 2016.
Data from the report "Office Real Estate Market up to June 2017" by Colliers Costa Rica shows that at the end of March this year the inventory amounted to 1.4 million square meters, an increase of 2.4% compared to the same period in 2016.