Listing ID:

171

Type:

Sell

Property type:

land plot

Price:

$ USD 310 000 000 Sale

Description:

 

For Sale: Land Parcel Comprising Properties Owned by Paul A. Gambotti, S.A.

Properties Nos. 26012 and 4151, both with location code 8001, situated in Bique, Arraiján District, Panamá Oeste Province, Republic of Panama.

A. Property Details:

• Approximately 960 hectares of land with 4 kilometers of beachfront, located in Bique, Arraiján.
• Single-owner property, legally registered under the corporation Paul A. Gambotti, S.A., a duly incorporated and existing Panamanian company, registered under Folio 145489 in the Commercial Section of the Panama Public Registry.

Status: Active

Incorporation Date: November 21, 1958 (over 65 years of existence)

• This unique property is located 15 kilometers from the Bridge of the Americas by land and 6 nautical miles from the Pacific entrance of the Panama Canal.
• The property features an internal road of approximately 2 kilometers, connecting it to the Pacific Ocean.
• A new 4-lane road with roundabouts and heavy-load interchange infrastructure is under construction within the property.
• The new road will connect directly to the expanded 8-lane Inter-American Highway.

Strategic Development Potential:

• The Bique property has natural potential for port, industrial, residential, commercial, energy park, and logistics development.
• The land borders the Panama Pacifico Special Economic Area and the Howard International Airport.
• On the opposite end of the property, in Bahía de Bique, lies the Vacamonte State Port, primarily used for fishing activities.

Infrastructure & Utilities:

• The property is equipped with basic services, including potable water and three-phase 34kVA power supply. However, the electrical transmission line is not nearby.
• As part of Panama’s Western Electric Distribution Network Modernization Project, Naturgy commissioned the new Burunga Shielded Substation in Arraiján in November 2017, increasing the installed capacity in the area by 50%.
• This investment of over $25 million provides an initial distribution capacity of 100MW (230/34.5kV), serving as an additional injection and backup point for the region’s electrical grid.

Basalt Quarry Concession:

• The property includes a high-quality basalt stone quarry with an estimated extraction capacity for over 30 years.
• The quarry operates under an active Concession Agreement with the Ministry of Commerce and Industries of Panama for the extraction of non-metallic minerals, valid until January 2027.
• After this date, Paul A. Gambotti, S.A., or a future property owner, may apply for a concession renewal for the maximum term allowed by national regulations.

Environmental Mitigation & Future Developments:

• Approximately 200 hectares of Cerro Cabra, part of the property, can be designated for environmental mitigation to support future multi-purpose development projects in Bique, subject to conditions outlined in the required Environmental Impact Assessment (EIA) for upcoming developments.

Pending Eviction Processes:

• An additional 27 hectares of land, located in Playita and Chumical, are currently undergoing eviction and removal processes against illegal occupants.
• These areas are not included in the overall sale price and may be segregated from the land parcel at the time of the property transfer to the buyer.

What is near?:

This is the only available land located 6 nautical miles from the entrance of the Panama Canal, adjacent to Howard Airport in Panama Pacifico. Panama Pacifico is the largest mixed-use development in Latin America, connecting people, businesses, and nature in a sustainable environment with multiple economic benefits, thanks to its strategic location.

Loan calculator

Monthly payment: $ USD

Overpayment: $ USD