Panamá Pacífico to Invest $345 Million in 5 YearsMonday, August 30, 2010 In the next five years, London & Regional, the company in charge of the master planned development (MPD) will manage $345 million worth of works. Olmedo Alfaro, general administrator of the Panama-Pacifico Special Economic Area Agency (AEP), highlighted that, “in these five years, more than $300 million will be invested representing a switch from the planning to operational phase for Panama-Pacifico”. In Panama Pacifico french is also spokenTuesday, September 21, 2010 French Lycée Paul Gauguin of Panama starts operation in Panama Pacifico London & Regional Panamá, is proud to announce the start of operations of the French Lycée Paul Gauguin of Panama, who joins the rapidly growing group of visionaries who have found in Panama Pacifico, the place to settle, do business, live and have fun. Panama Pacifico Inaugurates Visitor CenterFriday, April 16, 2010 London & Regional inaugurated the visitor center at Project Panama Pacifico. Construction of the two buildings which compose it started January 2009 and finished January 2010. Panama Pacific Project begins constructionWednesday, November 12, 2008 Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow. London & Regional Panama, master developer of the Panama-Pacific Special Economic Area, will hold the official innaguration for construction start up. Company Profile
London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO.
Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services. Prince Andrew, Duke of York, visited PANAMA PACIFICOWednesday, February 17, 2010 His Royal Highness, Prince Andrew, Duke of York, who was on an official visit to Panama, visited Panama Pacifico, developed by London & Regional Panama. His Royal Highness, Prince Andrew, Duke of York, who was in the Republic of Panama on an official visit, stopped at Panama Pacífico, where he met with Henry Kardonski, Managing Director and JuliAnne Murphy, Marketing Director of London & Regional Panamá, Master Developer of this multiuse community located on the Banks of the Panama Canal. $50 million Investment Announced in Tourism DevelopmentMonday, April 14, 2014 The Government of Panama sold for $19 million a plot of land measuring 17 acres in Punta Batele to a company associated with London Regional. According to a resolution of the Cabinet Council of Panama from April 8, 2014, "... Ridgebell International, SA will develop at the site No. PS01-5 Punta Batele, a project for a high quality resort which encompases ecological preservation, which includes creating a hotel component, beach club, residential development consistent with the topographical conditions, social areas, ecotourism and environmental assessment (including canopy and nature trails, etc.), general amenities such as swimming pool, gym, restaurant, bar, spa and complementary structures. This project will be integrated with and complementary to the ongoing development within the Panama Pacific, by London & Regional (Panama) SA "..." with a minimum investment of $50 million. " Connection Between Panama Pacific and Centennial BridgeTuesday, July 23, 2013 In two months a tender will be launched for construction of the first exchange for the connection between the old Centennial Bridge and the former Howard base. Capital.com.pa reports: "The Panama Pacifico Agency (APP by its initials in Spanish), taking into account the importance of the work for connectivity in the country, has decided to obtain funding resources from London & Regional Panama (L & RP), the company that is developing the Master Plan for the former Howard military base," noted an article in Capital.com.pa. Progress and Challenges in Panama PacificTuesday, July 30, 2013 In the special economic area at the former Howard Air Base there are now 164 companies operating in different sectors with investment so far totalling $270 million. Capital.com.pa reports: "Some 164 companies are operating in the Panama Pacifico. 30% of them are in the services and retail stores sector, 18% are in the maritime industry, 15% are logistics companies, 13% are high value-added industries and the remaining percentage corresponds to other economic activities. " Panama: Mixed Property Development for $90 millionThursday, August 18, 2016 An environmental impact study has been submitted for construction of a mixed-use building complex in the former Howard base, in Panama Pacific. The Environmental Impact Assessment (EIA) was submitted by London & Regional Panama S.A. to the Ministry of Environment in Panama in June 2016, as revealed by the report entitled "Construction Projects in Central America" compiled by CentralAmericaData.com. Update on Panama PacificTuesday, August 30, 2016 In January 2017 work will begin on expanding internal roads and building new roads within the project, the planned invested amount for which is $100 million over the next 10 years. Although fewer companies set up there in 2016 than in previous years, London & Regional Panama is preparing infrastructure investments for the next ten years, including a $90 million mixed use development, for which an Environmental Impact Assessment (EIA ) has already been submitted. The Real Estate Market in Central AmericaFriday, April 17, 2009 Market data are usually the basis for decision-making in order to develop, build, buy or sell real estate. In Central America, there is no unified database to view the regional real estate market as a whole to compare and make decisions on investment. This report collected data from Costa Rica, Belize, Nicaragua and Panama, and it includes national economic indicators to help situate the investment climate in each country. Panama: Mining Company Revitalizes Cocle EconomyFriday, June 21, 2013 The area is seeing new banks, restaurants, hotels and shopping centers as well as a boom in housing construction and the renovation of transport systems. The Comptroller General of the Republic, has revealed that at the end of 2012 the value of gold exports reached $115.7 million. "So far, the only company in the process of exploitation is Petaquilla Gold, though it is expected that the end of 2016 will see the start of the Cobre Panama project (as it was called by Minera Panama, predecessor in the concession), now First Quantum", reported Laestrella.com.pa. Water Shortage in Panama Slows Real Estate DevelopmentFriday, March 1, 2013 Companies building real estate projects in the district of Chame have had to resort to installing underground wells due to water scarcity in the area. "At least this is the recommendation from the Institute of Aqueducts and Sewers (Idaan), while operating the water treatment plant in this district at its production limit", reported Prensa.com. Panama: Urban and Commercial Growth in la ChorreraMonday, April 1, 2013 Residential projects for the middle and upper classes in Arraiján and Chorrera, Panama, are driving investment in shopping centers, supermarkets and universities. Capital.com.pa reports that "the population census of 2010 indicates that residing in Arraiján and la Chorrera are 382,249 inhabitants and the estimated population in 20 years in these districts is 570,000 residents ...". |
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