Upload
london-regional-panama
View
4.345
Download
1
Tags:
Embed Size (px)
DESCRIPTION
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.
Citation preview
THE OLD HOWARD IS NOW A NEW CITY!
AIRPORT
PACIFIC OCEAN
TOWN CENTERKOBBE HILLS
PANAMA CITY
PANAMA CANAL
• A world-class commercial and business hub, capitalizing on its strategic location.
• A new economic center, attracting multinational companies and creating jobs for Panamanians.
• A sustainable community with housing available for a wide economic group.
• High-quality shopping, offices and entertainment in a new downtown area – The Town Center.
• A distinguished tourism and leisure attraction with resorts, a championship golf course, and country club.
…All set within the ecologically inspired landscape of hills, forest, mangrove and wetlands.
THE VISION
CLEANGREEN
NEW
A FORMER AIR FORCE BASE
• Operated as Howard U.S. Air Force Base until 1999
• Returned to Panama as part of the Carter-Torrijos Treaty at the end of 1999
• Law 41 of 2004 formed the Special Economic Zone
• Government hired the World Bank to perform a 2 ½ year search for a Master Developer
• LRP was awarded the bid in April 2007
• Master plan was submitted in Sept. 2007; Approved in Dec. 2007
• Project team began work in January 2008
MASTER DEVELOPER
• London & Regional Panama is a joint-venture between Jaime Gilinski and UK-based London & Regional Properties.• Leading Latin American-based entrepreneur and
investor Jaime Gilinski has interests from banking and insurance to real estate and other fields.
• London & Regional Properties is among the most active European private investors with over $20 billion in assets located across three continents.
• Backed by a team of world-class consultants• London & Regional Panama has committed to invest
a minimum of $705 million
• $405 million by 2015
• $100 million under construction
DEVELOPMENT OBJECTIVES
• 1,400 total hectares;
~850 developable hectares
• ~1.0 million square meters of new commercial floor space
• ~20,000 new homes and apartments
• ~40,000 new jobs
• Extensive parks, open space and community amenities
• Retail centers
• Luxury and business hotels
WHY PANAMA?
• A unique geographic location
• Economic and political stability
• A pro-business government
• Established strategic and trading history
• The strategic advantage of the Panama Canal
• The most active and efficient ports in Latin America
• Special economic status and other fiscal incentives
• The strength of the global commerce in Panama
• 5% of the world´s commerce traverses the Panama Canal annually
• The railway land bridge between ports in the Atlantic and the Pacific Oceans moves >500,000 containers per year
• Panama is a central logistics point for Latin America
• An international center of 87 banks with assets of >$80 billion
• A tropical climate, free of natural disasters
WHY PANAMA?
Panama GDP Growth Rate
Source: Business Panama • www.contraloria.gob.pa
• GDP growth rate (2008): 9.2%
• Unemployment (Aug/08): 5.6%
• Literacy rate (2006): 97.3%
• Fitch credit rating (2007): BBB
• Average minimum salary per month (2007): $312
• Average salary per month (2006): $500 estimated.
WHY PANAMA?
2001 2002 2003 2004 2005 2006 2007 20080%
2%
4%
6%
8%
10%
12%
THE IDEAL LOCATIONFOR BUSINESS
BEST CONNECTIVITY IN LATIN AMERICA
PANAMA PACIFICO1,400 HECTARES
A SPECIAL ECONOMIC AREA
Objectives
An Economic Engine for new direct
Foreign Investment into Panama
Site Characteristics
Large, integrated site
Mixed-use community
Policy Features
Very low or no taxes
Simplified procedures
Flexible zoning, land use
ResidentialTourism
High Tech Manufacturi
ng
Transport & Logistics
Industrial Park
Information & Communicatio
nsTechnology
MROs and Aviation
A SPECIAL ECONOMIC AREA
850 hectares of developable land subdivided into seven zones or character areas:
• Airport
• Logistics Park
• Town Center
• Technology Campus
• Farfán
• Forest Business Park
• Kobbe Hills
ADVANTAGES OF THE SPECIAL ECONOMIC AREA
One Stop Shop
Legal Incentives
Tax Incentives
Simplified Immigration Benefits
Special Labor Incentives
Training Center
MAIN BENEFITSOF LAW 41 OF 2004
ONE STOP SHOP
• Onsite government agency (AAEEPP) deals with all necessary procedures for companies moving onsite.• This includes all permits needed for
business processes.
• 11 Government offices are represented in this Agency – saving your company time and money!
SPECIAL LABOR INCENTIVES
• Fixed overtime rates (25%) and work on employees’ day off (50%)
• Flexibility to assign employees’ day off
• Companies may remain open on weekends and holidays
• Foreign worker: possibility of exceeding Labor Code’s percentage rule
• Higher Education Training Center
• New justified cause for termination for market losses and/or fluctuations
• Ministry of Labor onsite at Panama Pacifico
SIMPLIFIED IMMIGRATION BENEFITS
• Onsite government handles all Visa and work permit procedures
• Special investor and worker Visas are available
• Visa benefits extend to worker’s immediate relatives
• Tax-free, one-time importation of any personal and domestic belongings (up to US $100,000)
LEGAL INCENTIVES
• All Law 41 incentives are permanent for onsite companies
• Law 41 is supplemented by Panama’s Investment Stability Law
• Onsite companies are automatically covered
• Guarantees no business impact from government changes for ten years after registering a company here, including:
– Company tax structure
– Company benefits
– 10 year period begins the date the company is registered onsite
NATIONAL TAXES
• All companies registered in the area will be exempt from indirect taxes
• Direct taxes are paid by all companies except those established by Tax Law 41 of 2004 as “Specific Business Activities”
– Income
– Dividend/Complimentary
– Transfer/Withholding
FOLLOWING ACTIVITIES ARE TAX-FREE
Multimodal and Logistics Services
High Tech Product Manufacturing
Call Centers
MROs for Aviation
Transfer of Services to theAviation Industry
Back Office Operations
Data Transmission
Offshore Services
Stock Transfer BetweenArea Companies Transfer of Goods and
Services- Between area
companies
- To the agency
- To Master Developer
- To other petroleum free zones
- To the Panamian ports
- To ships and their passengers
A PROJECT HAPPENING NOW
• Our investment in 2009
– $26M in infrastructure
– $40M in International Business Park
– $20M in PanAmerica Corporate Center
– $16M in Town Center
Over $100 million investment this year!
ONSITE COMPANIES
• 3M• 3PL Panamericana• Aggreko PLC • Albacrome• Cabo Drilling Corp.• CBRE• CODICO/CoTrans• Gianfranco Agency• Magen David Academy• MEC Group• Osala• Radio Holland• Universidad del Caribe• Wilhelmsen
• Term sheets signed: 18
THE SITE DIFFERS FROM THE CITY
View of the existing site looking west
View of the existing site looking northeast
Green…..
MountainViews…
With the Sierra Miñon Mountains as a backdrop,Panama Pacifico is green, beautiful place to live and work
PHASE 1 CONSTRUCTION
- International Business Park
- PanAmerica Corporate Center
- Town Center
INTERNATIONAL BUSINESS PARK
FIRST 2 OFFICE BUILDINGS
• Prominent access off Bruja Boulevard
• Adjacent to the new Town Center
• Easy Access to the Pan-American Highway
and downtown Panama City• Approximately 26 hectares
• 14 Class-A office buildings with more than 80,000 m2
• 2 Flex buildings totaling 20,000 m2
• Construction has begun
• Surrounded by primary rainforest and incorporating extensive green spaces
2 FLEX BUILDINGS
INTERNATIONAL BUSINESS PARK
International Business Park aerial view
UNDER CONSTRUCTION NOW!
TWO NEW OFFICE
BUILDINGS
TWO NEWMULTI-TENANT
FLEX BUILDINGS
OFFICE BUILDINGS
• Under construction, ready for occupancy in December 2009
• Built to international standards
• Three and four stories
• Building A: four 1,200 m2 floors
• Building B: three 1,800 m2 floors
• Highly divisible and flexible
• 3 m ceiling heights
• Extensive glass line – double pane glass
• Parking › 3 per 100 m of office
• Covered executive parking
• Green park areas
• Forest views
CLASS-A OFFICES UNDERWAY
Office buildings and parking area
INITIAL FLEX BUILDINGS
• Construction is underway; ready for occupancy in August 2009
• Two buildings
• Constructed to international standards
• Building one ~ 12,395 m2, 9 m clear height
• Building two ~ 8,786 m2, 7.3 m clear height
• Highly divisible and flexible
• Individual office entries
• Ample truck docks and drive-in doors
• 37.5 m concrete truck courts
FLEX-WAREHOUSES STEEL ERECTION
New Flex-Warehouse Buildings at the IBP
WESTERN SERVICE ROAD
Western Service Road behind the new IBP
PARKING AT THE IBP
Paving of the front parking lot by the Flex-Warehouse buildings
IBP - HYDROSEEDING
Treatment for erosion control.
INFRASTRUCTURE NOW UNDER CONSTRUCTION
2009: $26M in infrastructure
• Access to PanAmerica Corporate Center
• Western Perimeter Rd.
• Upgrades to Bruja Blvd.
• Extensive road network
• Underground electricity
• Water lines
• Telecommunications
• Sewage System
UNDER CONSTRUCTION!
Central Connector Road between Bruja Blvd and the new Western Perimeter Road
CENTRAL CONNECTOR ROAD
Drainage system installation along Central Connector Road
WESTERN PERIMETER ROAD
Road base and paving work continues
WESTERN PERIMETER ROAD
Usage of geotextile
WESTERN PERIMETER ROAD
Paving operations continue on the new road to the PCC
PLANNED TRANSPORTATION
• Public and private bus services
• LRP Transportation Demand Program
• Walk-able streets will relieve vehicle traffic
• Onsite airport for private and charter executive travel
• Pedestrian friendly streets with sidewalks, street trees, and lighting.
• Residences and offices will be a five minute walk to parks.
• Shuttle, bicycle, jogging, and pedestrian loops connect the neighborhoods.
ACCESSIBLE WORKFORCE
PANAMERICA CORPORATE CENTER
- ~ 88 Hectares
- Entitled for more than 370,000 m2 of warehousing and manufacturing facilities
- Facilities from 2,000 to 50,000 m2
- Construction has begun!
- Flexible site and building design
- State-of-the-art warehouse and corporate architecture
- Ample truck maneuvering areas on each site
- Single and multi-user buildings available
- Existing power, telecommunications and other utilities
PANAMERICA CORPORATE CENTER
Leveling the land and erosion control
PANAMERICA CORPORATE CENTER
New drainage systems along with the new roadwork
PANAMERICA CORPORATE CENTER
Street Basecoat -- PCC
50
Spec
#2
Spec #3
Spec #4
3PL
PCC SOUTH SITE UNDER CONSTRUCTION
THE HEART OF THE CITY: TOWN CENTER
Convenient for your
employees
Dining and shopping
An easy walk from your
office
Central ParkTHE TOWN CENTER
Lots of green areas and plazasTHE TOWN CENTER
THE TOWN CENTERCentral Park view to the South
Phase 1• ~ 150 Single Family Homes
• ~ 72 Apartments above Retail
• Construction starting this year
CENTRO DE CIUDAD - TOWN CENTER
THE TOWN CENTER – Phase 1a: SITE PLAN
Single Family +
Townhouses
Mixed-Use + Hotel
TOWN CENTER:MIXED-USE – APARTMENTS ABOVE RETAIL
FIRST PHASE:MIXED-USE - TOWNHOMES
ADJACENT TO THE POOL AND CINEMA
Plaza
Future Mixed-Use
Greenway
Cinema and Pool
Future Hotel
TOWN CENTER: RESIDENTIAL AREA – PHASE 1
View of new single-family neighborhood streetscape
TOWN CENTER: RESIDENTIAL AREA – PHASE 1
Conceptual design of single-family residences and duplex
PUBLIC SPACE NETWORK
Greenways
Finger parks
KOBBE HILLSPrivileged living in balance with nature…
KOBBE HILLSAn exclusive area with high-end hotels, a championship golf course
and luxury homes.
KOBBE HILLSGorgeous greens…
KOBBE HILLSLuxury homes…
KOBBE HILLS Elegant condominiums…
KOBBE HILLSFor those with discriminating taste…
KOBBE HILLSExclusive residences…
KOBBE HILLSAn exciting club house…
SIMILAR IN SIZE TO ALL OF COSTA DEL ESTE
IMMEDIATE BUSINESS ADVANTAGES
• Special Economic Zone with substantial tax breaks and business incentives
• Excellent global business location
• Easy access to Panama City and the Panama Canal
• Onsite airfield for cargo and executive travel
• All utilities available now electricity water wastewater telecommunications high-speed internet
Flexible spaces for your business to grow!
THE OLD HOWARD IS BECOMING A NEW CITY!
• New homes and apartments for all income levels
• New offices and commercial space
• New schools for all ages
• Championship golf course
• Exciting shopping and dining experiences
• Numerous parks
• Extensive trails for walking and biking
• Public and private transportation
MAKE THE RIGHT MOVE FOR YOUR BUSINESS
London & Regional Panama +(507) 316-3500
www.PanamaPacifico.comBuilding 723
Andrews Blvd. & Stauffer Ave.
Former Howard Air Force Base
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.
COPYRIGHT