(1888PressRelease)
March 24, 2009 - Due to the success of its Panama International Merchandise Mart, PIMM, in Panama, parent company PIMM Holding has entered discussions with investment groups to open PIMMs in Abhu Dabi and Mumbai, India. As a result, PIMM is now offering other Licensees the opportunity to open a PIMM in their own country.
The Licensing terms are straightforward. Candidates must own or be able to obtain 10 to 100 hectares (24.7 to 247 acres) of land near a major airport. The Licensee then forms a joint venture corporation with PIMM Holding that will pledge the land to obtain initial financing for construction. Licensees pay a monthly license fee and royalty over a 25-year period in return for the use of the PIMM brand, and access to the PIMM international development team. In return, PIMM guarantees the Licensee a yearly ROI of 15%+ (currently the Panama ROI is 32%+).
All global PIMMs must be certified as green developments.
“A regional PIMM is a great asset since it creates thousands of jobs, and millions of dollars for national and local economies both directly and indirectly. A PIMM also becomes a base for a country to expand its export market. This is obviously very important given the state of today’s global trade and import-export sectors,” states Reynald Henry Katz, PIMM Holding CEO & President.
Potential Licensees are asked to initially provide an introductory package, including but not limited to, photos and surveys of the land, a one-page feasibility study with financials, company and or personal history, including any experience with real estate development, and any relevant corporate or personal references.
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