Published on 30 August 2007 at 04:20 pm
Filed in Property News for Panama » Significant Panama Property Investment Development
Excellent news if it were needed for the property investment market in Panama - a ten billion dollar urban extension of Panama City has been announced by President Martín Torrijos. The property development on the former Howard US air force base is being managed, planned and actioned by UK based London & Regional and it will combine everything from industrial to considerable amounts of residential real estate.
This is a significant Panama property investment development and it not only bodes incredibly well for the ongoing success of this, one of the most dynamic and exciting emerging markets in the world…but it means that there will be increased potential from day one of the project’s inception for new investors to capitalize from the scheme.
The plan behind the project is to make Panama as exciting and dynamic a location as Dubai in terms of promoting inward commitment from companies seeking a stable and productive, forward thinking and dynamic environment from which to trade – there will be taxation incentives to attract certain types of company for example, and there will be incredibly modern infrastructure and facilities available within the development for all.
The property development will have a distinctly urban feel and the ambition behind the project is to create a stand alone and sustainable community which at the same time manages to blend seamlessly with greater Panama City.
There will be a school, hospital, shops and everything within the new community that new residents require, and because of the modernity of the setting it’s expected that the new Panama property units within the development will be highly in demand from the point of release.
Property investors keen to buy into the longest possible period of capital appreciation need to keep a close eye on all press coverage of this development because it’s likely to be huge!
Initially there will be an investment of four hundred and five million US dollars in the next eight years by London & Regional and their local partners - with London & Regional also personally committing to a further three hundred million US dollars over the remainder of the 40 year concession with all other investment being externally sourced.
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