Grupo Aldesa
in Central America
Monday, December 12, 2011
The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.
The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.
There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.
Thursday, July 21, 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.
Wednesday, June 29, 2011
While the Central Bank of Costa Rica projected economic growth of 4.3% for 2011, the Aldesa Group anticipates that the country will grow between 3.7% and 4%.
It is unlikely that domestic production will increase by more than 4%, said Aldesa analyst Adriana Rodriguez, given the economic slowdown in the agricultural and manufacturing industry coupled with the lower projected growth in the United States.
Monday, April 25, 2011
'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.
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.
Monday, January 31, 2011
The real estate developer of tourism projects expects to raise $ 10 million in order to fund construction works in 2011.
Lanzo Luconi, director of Aldesa Investment Fund, the concessionary of the project, said that they still have not defined how many acres will go on sale, as well as the size of the lots.
Monday, June 14, 2010
The monthly economic activity index, known for its Spanish initials as IMAE, keeps trending down.
On April, the index recorded a year-on-year change of 4.13%, lower than in march (5.83%). This marks three consecutive months of decreases.
So far, the observed economic cycle seems to be normal: a “rebound stage”, marked by fast growth, which then normalizes and stabilizes, reaching long term sustainability. It is worth of note, however, that bank credit has not recovered in the past 18 months, and several key sectors, such as manufacturing, construction and hospitality, seem to be rapidly losing momentum.
Wednesday, April 14, 2010
The basic passive rate increased 25 basis points and now stands at 8.25%.
For the past four months, the rate has hovered between 8% and 8.5%. Since the start of the year, we have maintained our forecast that it would remain between 8% and 10% for the first six months of the year.
Interest rates in domestic currency could move up during the rest of the year, fueled by two events: economic recovery in the country, which would cause increased demand for liquidity, and the Treasury requiring more financing. If the Government decides to finance its activities domestically, competing for resources in the financial market, it would put upwards pressure on interest rates; if it is conducted eternally, it would not pressure interest rates, but could move the exchange rate further down, as more dollars would be available in the market.
Friday, February 5, 2010
The development boom experienced by this tourism province in Costa Rica before the financial crisis has been replaced by “deceleration and prudence”.
“Imagine a car in a six-lane road travelling at 120 kilometers per hour. Suddenly, if finds itself in a gravel road, full of street holes, and the car must slow down to 20 kilometers per hour if it intends to stay apiece”.
Monday, January 25, 2010
In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.
During the past financial crisis, the Costa Rican market turned out to be more stable than international markets, making it a relatively safer place for storing capital.
Aldesa
Company Profile
Organization that operates in Costa Rica.
Phone: (506) 22078888
Tuesday, May 5, 2009
From March 2008 to March 2009, office buildings in the greater metropolitan area went from 7% unoccupied space to 11%.
Several buildings, whose construction began before the crisis, were completed in 2008 and had to face the difficulty of renting their offices.
Monday, March 16, 2009
In Costa Rica, 55% of the total in investment funds is in extreme liquidity instruments.
The fear caused by the financial crisis has prompted investors to abandon growth and income investment funds which typically offer better returns and put their money in highly liquid, low return funds, where the money can be withdrawn in less than 24 hours.
Friday, December 12, 2008
Affiliates of Global Hyatt Corporation and Aldesa Inmobiliaria have announced the signing of a management agreement for Park Hyatt Monte
del Barco in Guanacaste, Costa Rica, due to open in 2012.
The 140-room resort will be located in the bay of Culebra, within the province of Guanacaste on the Pacific coast of Costa Rica, where Aldesa together with US-based resort designing company Winding Road, are developing Monte del Barco, a premier luxury lifestyle estate.
Friday, December 12, 2008
Affiliates of Global Hyatt Corporation and Aldesa Inmobiliaria have announced the signing of a management agreement for Park Hyatt Monte
del Barco in Guanacaste, Costa Rica, due to open in 2012.
The 140-room resort will be located in the bay of Culebra, within the province of Guanacaste on the Pacific coast of Costa Rica, where Aldesa together with US-based resort designing company Winding Road, are developing Monte del Barco, a premier luxury lifestyle estate.
Monday, July 21, 2008
Investors in Costa Rican government securities are expected to benefit from an upgrade in the nation's debt rating.
Standard & Poor's rating agency raised Costa Rica from BB "stable" to BB "positive".
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