Infrastructure and Construction office building Business and Investment construction Infraestructure & Construction Grupo Aldesa office center 4D Desarrollos Inmobiliarios Marcela Fernández 4D Inversiones Alberto Vallarino Aldesa Corporación de Inversiones Calidad Inmobiliaria Centro Corporativo el Tobogán Constructora Qualicons

Costa Rica: Investment in New Office Buildings

'Terra Oficinas' ("Office Land" in Spanish) and 'Parque Empresarial del Este' ("East Side Business Park") are two new centers in the east of San Jose.

Monday, April 25, 2011

With an investment of more than $100 million, the Parque Empresarial del Este office block will be built on a 90,000 m2 site in the east of the Costa Rican capital, close to the center. Terra Oficinas is a little further out by the Terra Mall shopping center and is funded by Aldesa.

Marcela Fernández, director of 4D Desarrollos Inmobiliarios, the company in charge of the Terra Oficinas project, declined to reveal the size of the investment.

An article by César Brenes Quirós for Elfinanciercr.com adds that, "the 10-story Torre Condal San Pedro project will cost $10 million is also in the east side of San Jose, although its developers have are also constructing an identical building in Escazu on the capital's west side".

Source: elfinancierocr.com

Key entities

Grupo Aldesa Terra Oficinas Marcela Fernández Parque Empresarial del Este

Countries

Costa Rica

Insight

construction office building office building office center Infrastructure and Construction Business and Investment

Inauguration of Office Center in East San Jose

May 2012

4D Real Estate Development has inaugurated the first phase of the Terra Campus Corporate office center, adjacent to the mall Terramall in Costa Rica.

From the press release by 4D Real Estate Development:

San Jose, Costa Rica, May 3rd , 2012 - 4D Real Estate Development has announced the opening of the first stage of the TERRA Corporate Campus, a Class A office center, located in East San Jose, a sector with the most development and economic dynamism in the greater metropolitan area.

New Corporate Headquarters in San Jose

July 2011

The east of the capital of Costa Rica has become an important pillar for real estate development, and will receive $40 million in investment for a Class A office center

From the press release:

San Jose, Costa Rica, July 21, 2011 - 4D Real Estate Development has announced the start of works at TERRA Corporate Campus, a Class A office center located in one of the sectors of the city with the fastest growing economic dynamism.

New Shopping Center in Costa Rica

February 2012

With an investment of $4 million Mango Plaza, located near the International Juan Santamaria Airport, will open in December.

The new center will feature stores, supermarkets, appliance stores, fast food restaurants, and a small office building.

The office center will be located in the same complex where Courtyard by Marriott, operated by Caribe Hospitality, can also be found.

New Office Park in Costa Rica

March 2011

4D Real Estate is developing an office center in the canton of La Unión, Cartago.

Terra Campus Corporativo will consist of 22.708 square meters of rentable office space, parks and commercial areas.

Marcela Fernandez, director of 4D Real Estate Development, spoke with Nacion.com: "The project was created in order to provide businesses with office space east of the city, which has a large population, mostly having to travel westward to reach their workplaces."

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