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Last Login: Tuesday, June 17, 2008 7:42 PM
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| The Panama International Merchandise Mart - PIMM is being developed in Panama, and is offering foreign manufacturers, exporters and wholesalers the option to rent or buy a permanent showroom in a unique international wholesale mart environment. Now, with PIMM’s commercial real estate initiative, any qualified investor can purchase a showroom and with it, the chance to earn a high ROI.
The investment plan is simple and effective. The price for showrooms is US$2500 mt2. The minimum purchase is $125,000 for a 50 mt2 unit. 40% can be financed through PIMM tax free and the investor is eligible to obtain 20-year financing on the balance through Panama’s International Banking Center. PIMM will help investors buy space in market sectors that have proven to sell out quickly in other marts worldwide.
As per ROI, PIMM is scheduled to open in 2010. At that time prices per mt2 will be increased. When this happens, the showroom owner can sell for a profit, or they can have PIMM lease the showroom for them until they are ready to sell.
According to Reynald Katz, PIMM’s CEO & President, “PIMM showrooms are already selling well. Panama real estate is booming and has been for the last 5 years. Panama’s economy grew 11% in 2007. Major players such as Caterpillar, HP, Dell, Proctor & Gamble and others have opened corporate headquarters in the country. As a result, commercial real estate prices have risen rapidly, yet appreciation and value remain solid. With all of this, there is a real chance for investors to see a double-digit return.”
Contact Dennis Smith |
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