Prestigious Retail Space
In the most upscale mixed‐
use project and location in Panama
Republic of Panama
Total area
77,080 km2
Population
3,340,000
Capital
Panama City - Ciudad de Panamá
Capital’s
Population
City Proper: 813,000
Total Metro Area: 1,200,000
Language
Spanish; but many bilingual Spanish/English
Currency
Balboa (PAB) coins; US paper currency is officially
used. Tied to the US $ Dollar 1:1
Per Capita
Income
US $11,600.
Economy
Panama's economy is based primarily on a well-developed services
sector that accounts for nearly 80% of GDP. Services include the Panama
Canal, banking, the Colon Free Zone, insurance, container ports, flagship
registry, tourism, and medical and healthcare.
ECONOMIC GROWTH
Panama’s economic growth has been
unprecedented, with an average GDP
of over 8% since 2004. In 2008, its GPD
was 9.2%; with a projected growth of
4% to 5% in 2009.
Panama's Law No. 8 is still the most modern
and comprehensive law for the promotion
of tourism investment in Latin America and
the Caribbean. In Special Tourism Zones,
Law 8 offers incentives such as 100%
exemption from income tax, real estate tax,
import duties for construction materials and
equipment, and other taxes.
Panama’s government has created an
entity exclusively devoted to enhancing
the tourism offering and promoting
Panama as both a business and leisure
destination.
INVESTMENTS IN INFRACTRUTURE & INCENTIVES
PANAMA
HIGHLIGHTS
The mega-project to expand the Panama
Canal will more than double the Canal's
capacity, enabling it to accommodate
ships that are now too large to transverse
this transoceanic crossway, one of the most
important in the world.
With its recently renovated airport,
award-winning international COPA Airlines,
as well as service by many other airlines,
Panama is an easily accessible destination.
Panama’s government offers exceptional
incentives for Foreign Direct Investment,
such as a 10 to 20-year tax exemption on
property taxes.
Attractive Location For Retirement Living & Second Home Investments
PANAMA
Desirable Modern Maturity magazine ranks Panama as
the best retirement destination on the
continent.
International Living Magazine ranks it in first
place worldwide.
Panama is also among the best six locations
on the continent to own a second home,
according to Conde Nast Traveler.
It is also considered one of the safest
countries in the world and has the highest
rating in terms of tourist safety.
OUR PROJECT
LOCATION – Our Neighborhood
Located in the most desirable area in Panamá City, Punta Pacifica;
where upscale residential, shopping and services are found, with easy
access to downtown businesses and all of the city’s offerings, and
fifteen minutes away from the international airport.
Punta Pacifica is a waterfront neighborhood and one of the most exclusive
residential areas in the city. Dominated by upscale condominium towers,
the location offers sweeping views of the Pacific Ocean and of the curving
city skyline to the west. Punta Pacifica offers many things at its doorstep:
the Punta Pacifica Hospital - Panama's most modern medical facility
affiliated with John Hopkins Medicine International, supermarkets, shops,
hotels, and restaurants. Just minutes away are a modern multi-plex
theater, upscale shopping malls, and Panama City's business and financial
district.
DESCRIPTION
Prestigious mixed-use project of more
than 265,000 m² in the finest
location in Panamá City. The 70-story
development includes:
- Luxury Residences
- Hotel Condominium
- Class A Office Space
& Business Center
- Upscale Retail Shops
- Fine Restaurants
- International Casino
- Wellness Center – Spa & Gym
- Yacht Club and Marina
- Pool Deck and Beach Club
- On-Site Parking Garage
GENERAL INFORMATION
• Area of construction: 265,000 sq m
• Height of the building: 290 meters
• 590 luxury residential units
• 379 hotel condominium units
• 3,155 sq m of Retail Space
• 4,653 sq m of Office Space
• 3,240 sq m Casino
• 1,500 parking spaces
KEY INFO about TOC.
•
Planned opening of the project and the Commercial / Retail areas December 2010. Delivery of the spaces to tenants will be approximately six
months prior to opening.
•
Built with the highest standards - the building strictly complies with
international standards in terms of technical infrastructure, safety and security.
•
Six individual lobbies and 37 elevators are strategically located in the
building, providing a sense of exclusivity to all users while making the building
efficient and user friendly. (Main Lobby, Casino Lobby, Office Lobby, Condo
Lobby, Bayloft Lobby, Sky Lobby)
•
Trump Ocean Club is built on the only site in Punta Pacifica with a construction
license allowing a mixed-use project with a commercial component.
Retail Spaces Available For Lease
3,155 m2 (33,960 square feet)
FLOOR PLAN – First floor
RETAIL
AREA
RESTAURANTS
OCEAN
MAIN LOBBY
STREET
FLOOR PLAN – Second floor
RESTAURANTS
OCEAN
CASINO
RESTAURANTS
RETAIL FLOOR PLAN
ADDITIONAL INFORMATION….
WHERE IN THE BUILDING DO WE FIND THE RETAIL AND RESTAURANT AREAS?
Retail is primarily on the ground level of the building offering over 3,155 m2 (33,000 square feet) of shop space, with an additional few stores on the second floor. The planned seven or eight restaurants will be on both the ground and second levels, with ocean views and terraces.
HOW CAN PEOPLE ACCESS THESE FLOORS?
From the ground level Main Lobby accessed from the street, or from the ocean side via the Bayloft Lobby and ocean front deck, which connects with the marina pier. Also, by elevators from the residential, office, hotel and parking areas. Valet Parking and 1500 parking spaces are offered for those coming by car.
WHAT ELSE IS FOUND ON THE COMMERCIAL FLOORS?
The international Casino, 3,240 m2 (approx 35,000 sq ft) is on the second floor. And on the thirteenth floor is the Wellness Center with a Spa 806 m2 (8,600 sq ft) and Gym 658 m2 (7,000 sq ft) and some additional Retail space related to these uses. FROM WHERE DO YOU EXPECT TO DRAW CLIENTS FOR THE COMMERCIAL AREAS OF THE BUILDING?
Owners of the Residential Units and their guests; Hotel guests; people using the Spa & Gym, visiting the Casino, and enjoying the Restaurants; Beach Club members; Tourist visitors, and of course Residents – from this upscale neighborhood Punta Pacifica and from throughout the city. This iconic building will be a destination for shopping, leisure and dining. For additional information about
any of the Commercial Spaces –
Retail, Restaurants, Spa & Gym
please contact:
CBRE Latin America
James de Winter
ph # (New York) 212 984 7118
james.dewinter@cbre.com
CBRE Panama
ph # 507 210 1675
Hawaii Chan
Laura Attia
(M) 507 66 79 5353
(M) 507 66 72 1094
hchan@cbre.com.pa
lattia@cbre.com.pa
•
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.