New commercial project in Panama

With an estimated investment of $14 million, the Coronado Mall will have 40 stores, 15 offices, a business center and food court with nine restaurants.

Friday, August 22, 2008

Claudio Valencia - manager of Haus, developer of the project - said that they hope to finish construction in December of next year so that the commercial center can begin operations in the summer of 2010. Valencia estimates that during the construction phase they will generate 120 jobs and later when the Mall starts to operate it will generate some 200 direct jobs.

More on this topic

La Trinidad Mall Opens in Guatemala

October 2010

With a $ 10 million investment, the Trinidad Real Estate Corporation´s new mall will open in November.

Located at the entrance of Malacatán, on the road to the border with Mexico, it will become a key location for trade with the neighboring country.

Antonio Ralda Sarg, general manager of Trinity Real Estate Corporation, told Prensa Libre "...

$6.40 million to be invested in Malacatan, Guatemala

January 2009

Corporacion Inmobiliaria announced the investment to construct a modern commercial center which will open its doors in 2010.

According to reports from elperiodico.com.gt "The La Trididad (Malacatan) Trade and Business will have a neo-urbanistic design will measure 7 thousand square meters, and will house some 33 stores, in addition to 250 vehicle capacity parking lot.

$4 million invested in Guatemalan Commercial Center

December 2008

Work on the expansion of the Miraflores Commercial Center will be completed by the end of 2009, and will provide 6 thousand square meters in commercial space.

Currently, there are 240 stores and there will be 25 more with this expansion.

During the construction of the works, it is estimated that it will generate 300 or 400 jobs, both directly and indirectly, and once completed there will be 250 permanent jobs.

Panama: “Los Faros” Project Under Trouble

June 2010

A Spanish court declared the company Inmoptions to be insolvent; Inmoptions is commercializing arm of Grupo Mall, developer of real estate project “Los Faros”.

The ruling was a result of a claim filed by Grupo Barceló, to whom Inmoptions allegedly owes over $3 million.

In a press release, Inmoptions stated that it has appealed the ruling, and that it will present the necessary warranties to pay its debtors.

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