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Panama Pacifico Development
 

Panama Pacifico Development

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Panama Pacifico overall presentation about the new global business hub and mixed-use community being developed on the prior U.S: Air Force Base in the Republic of Panama, adjacent to the Panama Canal ...

Panama Pacifico overall presentation about the new global business hub and mixed-use community being developed on the prior U.S: Air Force Base in the Republic of Panama, adjacent to the Panama Canal and Panama City.

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  • Full Name Full Name Comment goes here.
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  • Great, Maria Sofía! If I can be a resource for you in the future, kindly let me know. JuliAnne Murphy, London & Regional Panama (master developer)
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  • This is the project from developers Jaime Gilinski and London & Regional Partners. It's going to be a great investment for the future of Panama. I'm writing about it as well at www.PanamaGrow.com.
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    Panama Pacifico Development Panama Pacifico Development Presentation Transcript

    • THE OLD HOWARD IS NOW A NEW CITY!
    • PANAMA CITY
      PANAMA CANAL
      TOWN CENTER
      KOBBE HILLS
      AIRPORT
      PACIFIC OCEAN
    • THE VISION
      • A world-class commercial and business hub, capitalizing on its strategic location.
      • A new economic center, attracting multinational companies and creating jobs for Panamanians.
      • A sustainable community with housing available for a wide economic group.
      • High-quality shopping, offices and entertainment in a new downtown area – The Town Center.
      • A distinguished tourism and leisure attraction with resorts, a championship golf course, and country club.
      …All set within the ecologically inspired landscape of hills, forest, mangrove and wetlands.
      CLEAN
      GREEN
      NEW
    • A FORMER AIR FORCE BASE
      Operated as Howard U.S. Air Force Base until 1999
      Returned to Panama as part of the Carter-Torrijos Treaty at the end of 1999
      Law 41 of 2004 formed the Special Economic Zone
      Government hired the World Bank to perform a 2 ½ year search for a Master Developer
      LRP was awarded the bid in April 2007
      Master plan was submitted in Sept. 2007; Approved in Dec. 2007
      Project team began work in January 2008
    • MASTER DEVELOPER
      • London & Regional Panama is a joint-venture between Jaime Gilinski and UK-based London & Regional Properties.
      • Leading Latin American-based entrepreneur and investor Jaime Gilinski has interests from banking and insurance to real estate and other fields.
      • London & Regional Properties is among the most active European private investors with over $20 billion in assets located across three continents. 
      • Backed by a team of world-class consultants
      • London & Regional Panama has committed to invest a minimum of $705 million
      • $405 million by 2015
      • $100 million under construction
    • DEVELOPMENT OBJECTIVES
      • 1,400 total hectares;
      ~850 developable hectares
      • ~1.0 million square meters of new commercial floor space
      • ~20,000 new homes and apartments
      • ~40,000 new jobs
      • Extensive parks, open space and community amenities
      • Retail centers
      • Luxury and business hotels
    • WHY PANAMA?
      • A unique geographic location
      • Economic and political stability
      • A pro-business government
      • Established strategic and trading history
      • The strategic advantage of the Panama Canal
      • The most active and efficient ports in Latin America
    • WHY PANAMA?
      • Special economic status and other fiscal incentives
      • The strength of the global commerce in Panama
      • 5% of the world´s commerce traverses the Panama Canal annually
      • The railway land bridge between ports in the Atlantic and the Pacific Oceans moves >500,000 containers per year
      • Panama is a central logistics point for Latin America
      • An international center of 87 banks with assets of >$80 billion
      • A tropical climate, free of natural disasters
    • WHY PANAMA?
      Panama GDP Growth Rate
      • GDP growth rate (2008): 9.2%
      • Unemployment (Aug/08): 5.6%
      • Literacy rate (2006): 97.3%
      • Fitch credit rating (2007): BBB
      • Average minimum salary per month (2007): $312
      • Average salary per month (2006): $500 estimated.
      Source: Business Panama • www.contraloria.gob.pa
    • THE IDEAL LOCATION
      FOR BUSINESS
    • BEST CONNECTIVITY IN LATIN AMERICA
    • PANAMA PACIFICO
      1,400 HECTARES
    • A SPECIAL ECONOMIC AREA
      • Objectives
      • An Economic Engine for new direct Foreign Investment into Panama
      • Site Characteristics
      • Large, integrated site
      • Mixed-use community
      • Policy Features
      • Very low or no taxes
      • Simplified procedures
      • Flexible zoning, land use
      Transport & Logistics
      Industrial Park
      High Tech Manufacturing
      MROs and Aviation
      Residential
      Tourism
      Information & Communications
      Technology
    • A SPECIAL ECONOMIC AREA
      850 hectares of developable land subdivided into seven zones or character areas:
      • Airport
      • Logistics Park
      • Town Center
      • Technology Campus
      • Farfán
      • Forest Business Park
      • KobbeHills
    • ADVANTAGES OF THE SPECIAL ECONOMIC AREA
      One Stop Shop
      Special Labor Incentives
      Simplified Immigration Benefits
      MAIN BENEFITS
      OF LAW 41 OF 2004
      Legal Incentives
      Tax Incentives
      Training Center
    • ONE STOP SHOP
      • Onsite government agency (AAEEPP) deals with all necessary procedures for companies moving onsite.
      • Thisincludesallpermitsneededforbusinessprocesses.
      • 11 Government offices are represented in this Agency – saving your company time and money!
    • SPECIAL LABOR INCENTIVES
      • Fixed overtime rates (25%) and work on employees’ day off (50%)
      • Flexibility to assign employees’ day off
      • Companies may remain open on weekends and holidays
      • Foreign worker: possibility of exceeding Labor Code’s percentage rule
      • Higher Education Training Center
      • New justified cause for termination for market losses and/or fluctuations
      • Ministry of Labor onsite at Panama Pacifico
    • SIMPLIFIED IMMIGRATION BENEFITS
      Onsite government handles all Visa and work permit procedures
      Special investor and worker Visas are available
      Visa benefits extend to worker’s immediate relatives
      Tax-free, one-time importation of any personal and domestic belongings (up to US $100,000)
    • LEGAL INCENTIVES
      • AllLaw 41 incentives are permanentforonsitecompanies
      • Law 41 issupplementedbyPanama’s Investment StabilityLaw
      • Onsitecompanies are automaticallycovered
      • Guarantees no businessimpactfromgovernmentchangesfor ten yearsafterregistering a companyhere, including:
      • Company tax structure
      • Companybenefits
      • 10 year period beginsthedate the company is registeredonsite
    • NATIONAL TAXES
      • All companies registered in the area will be exempt from indirect taxes
      • Direct taxes are paid by all companies except those established by Tax Law 41 of 2004 as “Specific Business Activities”
      • Income
      • Dividend/Complimentary
      • Transfer/Withholding
    • FOLLOWING ACTIVITIES ARE TAX-FREE
      Transfer of Services to the
      Aviation Industry
      Back Office Operations
      Multimodal and Logistics Services
      Stock Transfer Between
      Area Companies
      Call Centers
      Transfer of Goods and Services
      - Between area companies
      - To the agency
      - To Master Developer
      - To other petroleum free zones
      - To the Panamian ports
      - To ships and their passengers
      High Tech Product Manufacturing
      Offshore Services
      Data Transmission
      MROs for Aviation
    • A PROJECT HAPPENING NOW
      • Ourinvestment in 2009
      • $26M in infrastructure
      • $40M in International Business Park
      • $20M in PanAmericaCorporate Center
      • $16M in Town Center
      Over $100 million investment
      this year!
    • ONSITE COMPANIES
      • 3M
      • 3PL Panamericana
      • Aggreko PLC
      • Albacrome
      • Cabo Drilling Corp.
      • CBRE
      • CODICO/CoTrans
      • Gianfranco Agency
      • Magen David Academy
      • MEC Group
      • Osala
      • Radio Holland
      • Universidad del Caribe
      • Wilhelmsen
      • Term sheets signed:  18
    • THE SITE DIFFERS FROM THE CITY
      View of the existing site lookingnortheast
      Green…..
      View of the existing site looking west
      MountainViews…
    • With the Sierra Miñon Mountains as a backdrop,
      Panama Pacifico isgreen, beautiful place tolive and work
    • PHASE 1 CONSTRUCTION
      • International Business Park
      • PanAmerica Corporate Center
      • Town Center
    • INTERNATIONAL BUSINESS PARK
      FIRST 2 OFFICE BUILDINGS
      2 FLEX BUILDINGS
      • Prominent access off BrujaBoulevard
      • Adjacent to the new Town Center
      • Easy Access to the Pan-American Highway
      and downtown Panama City
      • Approximately 26 hectares
      • 14 Class-A office buildings with more than 80,000 m2
      • 2 Flex buildings totaling 20,000 m2
      • Construction has begun
      • Surrounded by primary rainforest and incorporating extensive green spaces 
    • INTERNATIONAL BUSINESS PARK
      International Business Park aerial view
    • UNDER CONSTRUCTION NOW!
      TWO NEW OFFICE BUILDINGS
      TWO NEW
      MULTI-TENANT FLEX BUILDINGS
    • OFFICE BUILDINGS
      • Under construction, ready for occupancy in December 2009
      • Built to international standards
      • Three and four stories
      • Building A: four 1,200 m2floors
      • Building B: three 1,800 m2 floors
      • Highly divisible and flexible
      • 3 m ceiling heights
      • Extensive glass line – double pane glass
      • Parking › 3 per 100 m of office
      • Covered executive parking
      • Green park areas
      • Forest views
    • CLASS-A OFFICES UNDERWAY
      Office buildings and parking area
    • INITIAL FLEX BUILDINGS
      • Construction is underway; ready for occupancy in August 2009
      • Two buildings
      • Constructed to international standards
      • Building one ~ 12,395 m2, 9 m clear height
      • Building two ~ 8,786 m2, 7.3 m clear height
      • Highly divisible and flexible
      • Individual office entries
      • Ample truck docks and drive-in doors
      • 37.5 m concrete truck courts
    • FLEX-WAREHOUSES STEEL ERECTION
    • New Flex-Warehouse Buildings at the IBP
    • Western SERVICE Road
      Western Service Road behindthe new IBP
    • PARKING AT THE IBP
      Paving of thefront parking lot by theFlex-Warehousebuildings
    • IBP - HYDROSEEDING
      Treatmentforerosion control.
    • INFRASTRUCTURE NOW UNDER CONSTRUCTION
      2009: $26M in infrastructure
      • Access to PanAmerica Corporate Center
      • Western Perimeter Rd.
      • Upgrades to Bruja Blvd.
      • Extensive road network
      • Underground electricity
      • Water lines
      • Telecommunications
      • Sewage System
    • UNDER CONSTRUCTION!
      Central Connector Road between Bruja Blvd
      and the new Western Perimeter Road
    • CENTRAL CONNECTOR ROAD
      DrainagesysteminstallationalongCentral Connector Road
    • WESTERN PERIMETER ROAD
      Road base and paving work continues
    • WESTERN PERIMETER ROAD
      Usage of geotextile
    • WESTERN PERIMETER ROAD
      Pavingoperationscontinueonthe new roadtothe PCC
    • PLANNED TRANSPORTATION
      • Public and private bus services
      • LRP Transportation Demand Program
      • Walk-able streets will relieve vehicle traffic
      • Onsite airport for private and charter executive travel
      • Pedestrian friendly streets with sidewalks, street trees, and lighting.
      • Residences and offices will be a five minute walk to parks.
      • Shuttle, bicycle, jogging, and pedestrian loops connect the neighborhoods.
    • ACCESSIBLE WORKFORCE
    • PANAMERICA CORPORATE CENTER
      • ~ 88 Hectares
      • Entitled for more than 370,000 m2 of warehousing and manufacturing facilities
      • Facilities from 2,000 to 50,000 m2
      • Construction has begun!
      • Flexible site and building design
      • State-of-the-art warehouse and corporate architecture
      • Ample truck maneuvering areas on each site
      • Single and multi-user buildings available
      • Existing power, telecommunications and other utilities
    • PANAMERICA CORPORATE CENTER
      Leveling the land and erosion control
    • PANAMERICA CORPORATE CENTER
      New drainagesystemsalongwiththe new roadwork
    • PANAMERICA CORPORATE CENTER
      StreetBasecoat -- PCC
    • 50
      PCC SOUTH SITE UNDER CONSTRUCTION
      Spec #2
      Spec #3
      3PL
      Spec #4
    • THE HEART OF THE CITY: TOWN CENTER
      An easy walk from your office
      Dining and shopping
      Convenient for youremployees
    • THE TOWN CENTER
      Central Park
    • THE TOWN CENTER
      Lots of greenareas and plazas
    • THE TOWN CENTER
      Central Park view to the South
    • CENTRO DE CIUDAD - TOWN CENTER
      Phase 1
      • ~ 150 Single Family Homes
      • ~ 72 Apartments above Retail
      • Construction starting this year
    • THE TOWN CENTER – Phase 1a: SITE PLAN
      Mixed-Use + Hotel
      Single Family +
      Townhouses
    • TOWN CENTER:
      MIXED-USE – APARTMENTS ABOVE RETAIL
    • FIRST PHASE:
      MIXED-USE - TOWNHOMES
    • ADJACENT TO THE POOL AND CINEMA
      FutureMixed-Use
      Cinema and Pool
      Plaza
      Future Hotel
      Greenway
    • TOWN CENTER: RESIDENTIAL AREA – PHASE 1
      View of new single-familyneighborhoodstreetscape
    • TOWN CENTER: RESIDENTIAL AREA – PHASE 1
      Conceptual design of single-family residences and duplex
    • PUBLIC SPACE NETWORK
      Fingerparks
      Greenways
    • KOBBE HILLS
      Privileged living in balance with nature…
    • KOBBE HILLS
      An exclusive area with high-end hotels, a championship golf course
      and luxury homes.
    • KOBBE HILLS
      Gorgeous greens…
    • KOBBE HILLS
      Luxury homes…
    • KOBBE HILLS
      Elegant condominiums…
    • KOBBE HILLS
      For those with discriminating taste…
    • KOBBE HILLS
      Exclusive residences…
    • KOBBE HILLS
      An exciting club house…
    • SIMILAR IN SIZE TO ALL OF COSTA DEL ESTE
    • IMMEDIATE BUSINESS ADVANTAGES
      • Onsite airfield for cargo and executive travel
      • All utilities available now
      • electricity
      • water
      • wastewater
      • telecommunications
      • high-speed internet
      • Special Economic Zone with substantial tax breaks and business incentives
      • Excellent global business location
      • Easy access to Panama City and the Panama Canal
      Flexible spaces for your business to grow!
    • THE OLD HOWARD IS BECOMING A NEW CITY!
      • New homes and apartments for all income levels
      • New offices and commercial space
      • New schools for all ages
      • Championship golf course
      • Exciting shopping and dining experiences
      • Numerous parks
      • Extensive trails for walking and biking
      • Public and private transportation
    • MAKE THE RIGHT MOVE FOR YOUR BUSINESS
      London & Regional Panama
      • +(507) 316-3500
       info@panama-pacifico.com
      www.PanamaPacifico.com
      Building 723
      AndrewsBlvd. & Stauffer Ave.
      Former Howard Air Force Base
    • COPYRIGHT
      This presentation and the information included within it is the exclusive property of London & Regional (Panama), S.A. and is a protected work under copyright laws. Any act of reproduction, modification, distribution and/or public communication, without the prior written consent of London & Regional (Panama), S.A., is subject to the civil, criminal and administrative actions contemplated by Law.