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 and Panama City.

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Panama Pacifico Development

  1. 1. THE OLD HOWARD IS NOW A NEW CITY!<br />
  2. 2. PANAMA CITY<br />PANAMA CANAL<br />TOWN CENTER<br />KOBBE HILLS<br />AIRPORT<br />PACIFIC OCEAN<br />
  3. 3. THE VISION<br /><ul><li>A world-class commercial and business hub, capitalizing on its strategic location.
  4. 4. A new economic center, attracting multinational companies and creating jobs for Panamanians.
  5. 5. A sustainable community with housing available for a wide economic group.
  6. 6. High-quality shopping, offices and entertainment in a new downtown area – The Town Center.
  7. 7. A distinguished tourism and leisure attraction with resorts, a championship golf course, and country club.</li></ul> …All set within the ecologically inspired landscape of hills, forest, mangrove and wetlands.<br />CLEAN<br />GREEN<br />NEW<br />
  8. 8. A FORMER AIR FORCE BASE<br />Operated as Howard U.S. Air Force Base until 1999<br />Returned to Panama as part of the Carter-Torrijos Treaty at the end of 1999<br />Law 41 of 2004 formed the Special Economic Zone<br />Government hired the World Bank to perform a 2 ½ year search for a Master Developer<br />LRP was awarded the bid in April 2007<br />Master plan was submitted in Sept. 2007; Approved in Dec. 2007<br />Project team began work in January 2008<br />
  9. 9. MASTER DEVELOPER<br /><ul><li>London & Regional Panama is a joint-venture between Jaime Gilinski and UK-based London & Regional Properties.
  10. 10. Leading Latin American-based entrepreneur and investor Jaime Gilinski has interests from banking and insurance to real estate and other fields.
  11. 11. London & Regional Properties is among the most active European private investors with over $20 billion in assets located across three continents. 
  12. 12. Backed by a team of world-class consultants
  13. 13. London & Regional Panama has committed to invest a minimum of $705 million
  14. 14. $405 million by 2015
  15. 15. $100 million under construction</li></li></ul><li>DEVELOPMENT OBJECTIVES<br />• 1,400 total hectares;<br /> ~850 developable hectares<br />• ~1.0 million square meters of new commercial floor space<br />• ~20,000 new homes and apartments<br />• ~40,000 new jobs<br />• Extensive parks, open space and community amenities<br />• Retail centers<br />• Luxury and business hotels<br />
  16. 16. WHY PANAMA?<br /><ul><li>A unique geographic location
  17. 17. Economic and political stability
  18. 18. A pro-business government
  19. 19. Established strategic and trading history
  20. 20. The strategic advantage of the Panama Canal
  21. 21. The most active and efficient ports in Latin America</li></li></ul><li>WHY PANAMA?<br /><ul><li>Special economic status and other fiscal incentives
  22. 22. The strength of the global commerce in Panama
  23. 23. 5% of the world´s commerce traverses the Panama Canal annually
  24. 24. The railway land bridge between ports in the Atlantic and the Pacific Oceans moves >500,000 containers per year
  25. 25. Panama is a central logistics point for Latin America
  26. 26. An international center of 87 banks with assets of >$80 billion
  27. 27. A tropical climate, free of natural disasters</li></li></ul><li>WHY PANAMA?<br />Panama GDP Growth Rate<br /><ul><li>GDP growth rate (2008): 9.2%
  28. 28. Unemployment (Aug/08): 5.6%
  29. 29. Literacy rate (2006): 97.3%
  30. 30. Fitch credit rating (2007): BBB
  31. 31. Average minimum salary per month (2007): $312
  32. 32. Average salary per month (2006): $500 estimated.</li></ul>Source: Business Panama • www.contraloria.gob.pa <br />
  33. 33. THE IDEAL LOCATION<br />FOR BUSINESS<br />
  34. 34. BEST CONNECTIVITY IN LATIN AMERICA<br />
  35. 35. PANAMA PACIFICO<br />1,400 HECTARES<br />
  36. 36. A SPECIAL ECONOMIC AREA<br /><ul><li>Objectives
  37. 37. An Economic Engine for new direct Foreign Investment into Panama
  38. 38. Site Characteristics
  39. 39. Large, integrated site
  40. 40. Mixed-use community
  41. 41. Policy Features
  42. 42. Very low or no taxes
  43. 43. Simplified procedures
  44. 44. Flexible zoning, land use</li></ul>Transport & Logistics<br />Industrial Park<br />High Tech Manufacturing<br />MROs and Aviation <br />Residential<br />Tourism<br />Information & Communications<br />Technology<br />
  45. 45. A SPECIAL ECONOMIC AREA<br />850 hectares of developable land subdivided into seven zones or character areas:<br /><ul><li>Airport
  46. 46. Logistics Park
  47. 47. Town Center
  48. 48. Technology Campus
  49. 49. Farfán
  50. 50. Forest Business Park
  51. 51. KobbeHills</li></li></ul><li>ADVANTAGES OF THE SPECIAL ECONOMIC AREA<br />One Stop Shop<br />Special Labor Incentives<br />Simplified Immigration Benefits<br />MAIN BENEFITS<br />OF LAW 41 OF 2004<br />Legal Incentives<br />Tax Incentives<br />Training Center<br />
  52. 52. ONE STOP SHOP<br /><ul><li>Onsite government agency (AAEEPP) deals with all necessary procedures for companies moving onsite.
  53. 53. Thisincludesallpermitsneededforbusinessprocesses.
  54. 54. 11 Government offices are represented in this Agency – saving your company time and money!</li></li></ul><li>SPECIAL LABOR INCENTIVES<br /><ul><li>Fixed overtime rates (25%) and work on employees’ day off (50%)
  55. 55. Flexibility to assign employees’ day off
  56. 56. Companies may remain open on weekends and holidays
  57. 57. Foreign worker: possibility of exceeding Labor Code’s percentage rule
  58. 58. Higher Education Training Center
  59. 59. New justified cause for termination for market losses and/or fluctuations
  60. 60. Ministry of Labor onsite at Panama Pacifico</li></li></ul><li>SIMPLIFIED IMMIGRATION BENEFITS<br />Onsite government handles all Visa and work permit procedures<br />Special investor and worker Visas are available <br />Visa benefits extend to worker’s immediate relatives<br />Tax-free, one-time importation of any personal and domestic belongings (up to US $100,000)<br />
  61. 61. LEGAL INCENTIVES<br /><ul><li>AllLaw 41 incentives are permanentforonsitecompanies
  62. 62. Law 41 issupplementedbyPanama’s Investment StabilityLaw
  63. 63. Onsitecompanies are automaticallycovered
  64. 64. Guarantees no businessimpactfromgovernmentchangesfor ten yearsafterregistering a companyhere, including:
  65. 65. Company tax structure
  66. 66. Companybenefits
  67. 67. 10 year period beginsthedate the company is registeredonsite</li></li></ul><li>NATIONAL TAXES<br /><ul><li>All companies registered in the area will be exempt from indirect taxes
  68. 68. Direct taxes are paid by all companies except those established by Tax Law 41 of 2004 as “Specific Business Activities”
  69. 69. Income
  70. 70. Dividend/Complimentary
  71. 71. Transfer/Withholding</li></li></ul><li>FOLLOWING ACTIVITIES ARE TAX-FREE<br />Transfer of Services to the<br />Aviation Industry<br />Back Office Operations<br />Multimodal and Logistics Services<br />Stock Transfer Between<br />Area Companies<br />Call Centers<br />Transfer of Goods and Services<br /> - Between area companies<br /> - To the agency<br /> - To Master Developer<br /> - To other petroleum free zones<br /> - To the Panamian ports<br /> - To ships and their passengers<br />High Tech Product Manufacturing<br />Offshore Services<br />Data Transmission<br />MROs for Aviation<br />
  72. 72. A PROJECT HAPPENING NOW<br /><ul><li>Ourinvestment in 2009
  73. 73. $26M in infrastructure
  74. 74. $40M in International Business Park
  75. 75. $20M in PanAmericaCorporate Center
  76. 76. $16M in Town Center</li></ul>Over $100 million investment <br />this year!<br />
  77. 77. ONSITE COMPANIES<br /><ul><li>3M
  78. 78. 3PL Panamericana
  79. 79. Aggreko PLC
  80. 80. Albacrome
  81. 81. Cabo Drilling Corp.
  82. 82. CBRE
  83. 83. CODICO/CoTrans
  84. 84. Gianfranco Agency
  85. 85. Magen David Academy
  86. 86. MEC Group
  87. 87. Osala
  88. 88. Radio Holland
  89. 89. Universidad del Caribe
  90. 90. Wilhelmsen
  91. 91. Term sheets signed:  18</li></li></ul><li>THE SITE DIFFERS FROM THE CITY<br />View of the existing site lookingnortheast<br />Green…..<br />View of the existing site looking west<br />MountainViews…<br />
  92. 92. With the Sierra Miñon Mountains as a backdrop,<br />Panama Pacifico isgreen, beautiful place tolive and work<br />
  93. 93. PHASE 1 CONSTRUCTION<br /><ul><li>International Business Park
  94. 94. PanAmerica Corporate Center
  95. 95. Town Center </li></li></ul><li>INTERNATIONAL BUSINESS PARK<br />FIRST 2 OFFICE BUILDINGS<br />2 FLEX BUILDINGS<br /><ul><li> Prominent access off BrujaBoulevard
  96. 96. Adjacent to the new Town Center
  97. 97. Easy Access to the Pan-American Highway</li></ul> and downtown Panama City<br /><ul><li> Approximately 26 hectares
  98. 98. 14 Class-A office buildings with more than 80,000 m2
  99. 99. 2 Flex buildings totaling 20,000 m2
  100. 100. Construction has begun
  101. 101. Surrounded by primary rainforest and incorporating extensive green spaces </li></li></ul><li>INTERNATIONAL BUSINESS PARK<br />International Business Park aerial view<br />
  102. 102. UNDER CONSTRUCTION NOW!<br />TWO NEW OFFICE BUILDINGS<br />TWO NEW<br />MULTI-TENANT FLEX BUILDINGS<br />
  103. 103. OFFICE BUILDINGS<br /><ul><li>Under construction, ready for occupancy in December 2009
  104. 104. Built to international standards
  105. 105. Three and four stories
  106. 106. Building A: four 1,200 m2floors
  107. 107. Building B: three 1,800 m2 floors
  108. 108. Highly divisible and flexible
  109. 109. 3 m ceiling heights
  110. 110. Extensive glass line – double pane glass
  111. 111. Parking › 3 per 100 m of office
  112. 112. Covered executive parking
  113. 113. Green park areas
  114. 114. Forest views</li></li></ul><li>CLASS-A OFFICES UNDERWAY<br />Office buildings and parking area<br />
  115. 115. INITIAL FLEX BUILDINGS<br /><ul><li>Construction is underway; ready for occupancy in August 2009
  116. 116. Two buildings
  117. 117. Constructed to international standards
  118. 118. Building one ~ 12,395 m2, 9 m clear height
  119. 119. Building two ~ 8,786 m2, 7.3 m clear height
  120. 120. Highly divisible and flexible
  121. 121. Individual office entries
  122. 122. Ample truck docks and drive-in doors
  123. 123. 37.5 m concrete truck courts</li></li></ul><li>FLEX-WAREHOUSES STEEL ERECTION<br />
  124. 124. New Flex-Warehouse Buildings at the IBP<br />
  125. 125. Western SERVICE Road<br />Western Service Road behindthe new IBP<br />
  126. 126. PARKING AT THE IBP<br />Paving of thefront parking lot by theFlex-Warehousebuildings<br />
  127. 127. IBP - HYDROSEEDING<br />Treatmentforerosion control.<br />
  128. 128. INFRASTRUCTURE NOW UNDER CONSTRUCTION <br />2009: $26M in infrastructure <br /><ul><li>Access to PanAmerica Corporate Center
  129. 129. Western Perimeter Rd.
  130. 130. Upgrades to Bruja Blvd.
  131. 131. Extensive road network
  132. 132. Underground electricity
  133. 133. Water lines
  134. 134. Telecommunications
  135. 135. Sewage System</li></li></ul><li>UNDER CONSTRUCTION!<br />Central Connector Road between Bruja Blvd<br />and the new Western Perimeter Road<br />
  136. 136. CENTRAL CONNECTOR ROAD<br />DrainagesysteminstallationalongCentral Connector Road<br />
  137. 137. WESTERN PERIMETER ROAD<br />Road base and paving work continues<br />
  138. 138. WESTERN PERIMETER ROAD<br />Usage of geotextile<br />
  139. 139. WESTERN PERIMETER ROAD<br />Pavingoperationscontinueonthe new roadtothe PCC<br />
  140. 140. PLANNED TRANSPORTATION<br /><ul><li>Public and private bus services
  141. 141. LRP Transportation Demand Program
  142. 142. Walk-able streets will relieve vehicle traffic
  143. 143. Onsite airport for private and charter executive travel
  144. 144. Pedestrian friendly streets with sidewalks, street trees, and lighting.
  145. 145. Residences and offices will be a five minute walk to parks.
  146. 146. Shuttle, bicycle, jogging, and pedestrian loops connect the neighborhoods.</li></li></ul><li>ACCESSIBLE WORKFORCE<br />
  147. 147. PANAMERICA CORPORATE CENTER<br /><ul><li>~ 88 Hectares
  148. 148. Entitled for more than 370,000 m2 of warehousing and manufacturing facilities
  149. 149. Facilities from 2,000 to 50,000 m2
  150. 150. Construction has begun!
  151. 151. Flexible site and building design
  152. 152. State-of-the-art warehouse and corporate architecture
  153. 153. Ample truck maneuvering areas on each site
  154. 154. Single and multi-user buildings available
  155. 155. Existing power, telecommunications and other utilities</li></li></ul><li>PANAMERICA CORPORATE CENTER<br />Leveling the land and erosion control<br />
  156. 156. PANAMERICA CORPORATE CENTER<br />New drainagesystemsalongwiththe new roadwork<br />
  157. 157. PANAMERICA CORPORATE CENTER<br />StreetBasecoat -- PCC<br />
  158. 158. 50<br />PCC SOUTH SITE UNDER CONSTRUCTION<br />Spec #2<br />Spec #3<br />3PL<br />Spec #4<br />
  159. 159. THE HEART OF THE CITY: TOWN CENTER<br />An easy walk from your office<br />Dining and shopping<br />Convenient for youremployees <br />
  160. 160. THE TOWN CENTER<br />Central Park<br />
  161. 161. THE TOWN CENTER<br />Lots of greenareas and plazas<br />
  162. 162. THE TOWN CENTER<br />Central Park view to the South<br />
  163. 163. CENTRO DE CIUDAD - TOWN CENTER<br />Phase 1<br /><ul><li>~ 150 Single Family Homes
  164. 164. ~ 72 Apartments above Retail
  165. 165. Construction starting this year</li></li></ul><li>THE TOWN CENTER – Phase 1a: SITE PLAN<br />Mixed-Use + Hotel<br />Single Family +<br />Townhouses<br />
  166. 166. TOWN CENTER:<br />MIXED-USE – APARTMENTS ABOVE RETAIL<br />
  167. 167. FIRST PHASE:<br />MIXED-USE - TOWNHOMES<br />
  168. 168. ADJACENT TO THE POOL AND CINEMA<br />FutureMixed-Use<br />Cinema and Pool<br />Plaza<br />Future Hotel<br />Greenway<br />
  169. 169. TOWN CENTER: RESIDENTIAL AREA – PHASE 1<br />View of new single-familyneighborhoodstreetscape<br />
  170. 170. TOWN CENTER: RESIDENTIAL AREA – PHASE 1<br />Conceptual design of single-family residences and duplex<br />
  171. 171. PUBLIC SPACE NETWORK<br />Fingerparks<br />Greenways<br />
  172. 172. KOBBE HILLS<br />Privileged living in balance with nature…<br />
  173. 173. KOBBE HILLS<br />An exclusive area with high-end hotels, a championship golf course<br /> and luxury homes.<br />
  174. 174. KOBBE HILLS<br />Gorgeous greens…<br />
  175. 175. KOBBE HILLS<br />Luxury homes…<br />
  176. 176. KOBBE HILLS<br /> Elegant condominiums…<br />
  177. 177. KOBBE HILLS<br />For those with discriminating taste…<br />
  178. 178. KOBBE HILLS<br />Exclusive residences…<br />
  179. 179. KOBBE HILLS<br />An exciting club house…<br />
  180. 180. SIMILAR IN SIZE TO ALL OF COSTA DEL ESTE<br />
  181. 181. IMMEDIATE BUSINESS ADVANTAGES<br /><ul><li>Onsite airfield for cargo and executive travel
  182. 182. All utilities available now
  183. 183. electricity
  184. 184. water
  185. 185. wastewater
  186. 186. telecommunications
  187. 187. high-speed internet
  188. 188. Special Economic Zone with substantial tax breaks and business incentives
  189. 189. Excellent global business location
  190. 190. Easy access to Panama City and the Panama Canal</li></ul>Flexible spaces for your business to grow!<br />
  191. 191. THE OLD HOWARD IS BECOMING A NEW CITY!<br /><ul><li>New homes and apartments for all income levels
  192. 192. New offices and commercial space
  193. 193. New schools for all ages
  194. 194. Championship golf course
  195. 195. Exciting shopping and dining experiences
  196. 196. Numerous parks
  197. 197. Extensive trails for walking and biking
  198. 198. Public and private transportation</li></li></ul><li>MAKE THE RIGHT MOVE FOR YOUR BUSINESS<br />London & Regional Panama<br /><ul><li>+(507) 316-3500</li></ul> info@panama-pacifico.com <br />www.PanamaPacifico.com<br />Building 723 <br />AndrewsBlvd. & Stauffer Ave.<br />Former Howard Air Force Base<br />
  199. 199. COPYRIGHT<br />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.<br />

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