Panama International Merchandise Mart Launches New Program for Commercial Real Estate Investors
Released on: May 28, 2008, 1:18 pm
Press Release Author: Panama International Merchandise Mart - PIMM
Industry: Financial
Press Release Summary: Commercial real estate investors can now earn double-digit returns by purchasing showrooms in the Panama International Merchandise Mart - PIMM. Investing in PIMM is a unique opportunity to profit from Panama's real estate boom.
Press Release Body: Panama City, Panama - The Panama International Merchandise Mart - PIMM (www.pimm.com/) 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 (http://www.pimm.com/index.php/purchasing-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."
About the Panama International Merchandise Mart
PIMM is offering manufacturers, exporters, wholesalers, importers and exporters distributors from around the world the opportunity to own a showroom in the world's largest wholesale mart. PIMM gives participants access to the growing and profitable Latin American marketplace.
Web Site: http://www.pimm.com/index.php/purchasing-a-showroom
2012
