Over the past 5 years Cuba and, especially
in Havana, we have seen a massive increase in requests for modern office
space, manufacturing facilities and storage space. To fulfill these demands
the government has approved various joint ventures in this sector. Commercial
real estate is divided into two sectors.
Tax Free Zones and Bonded Areas
Tax Free Zones offer inherent advantages over nationally based operations.
Havana's three Free Zones and, various other areas declared as "Tax
Free Zone" by Government decree, have flourished over the past few
years. Cuba offers an excellent and strategic geographic location for
shipping purposes and local exports are increasing gradually while import
increases are exponential. As companies migrate to Cuba, demand for warehousing,
office space, covered parking and manufacturing facilities are becoming
more widespread. The recent overhaul of Havana's container port further
fuelling this sector. As Free Zone operators, we are well versed in this
type of investment. We are also able to group investors in various current
projects that require only partial investment.
Commercial Property on National Territory
As Cities and Towns such as Havana, Varadero and Santiago de Cuba continue
in massive growth mode, foreign Companies, embassies and consulates require
more office space and, manufacturing and import companies require local
storage and larger more modern buildings. Hence, excellent opportunities
exist in this sector. Our knowledge of the market, tendencies and the
general commercial market will help to find the right project in the best
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