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SCLD Signs Land Management Agreement With Geo Forestal Panama
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Added: 01/19/2004
Type: Summary
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SCLD Signs Land Management Agreement With Geo Forestal Panama
San Cristobal Land Management (SCLM), an affiliate of San Cristobal Land Development (SCLD), has reached an agreement with Geo Forestal Panama to assist in the clearing, planting and maintenance of SCLD’s Tropical Working Farm plantations in Bocas del Toro and Palmira, Panama. SCLD and Geo Forestal will combine efforts in order further advance SCLD’s Emerging Growth Real Estate and Tropical Working Farm investment opportunity, which produces three-tier wealth generation through the value and appreciation of the land, a lucrative long-term gain from a tropical hardwood plantation (including reforestation) and short-term periodic cash payouts generated by the harvest and sale of medicinal plants and exotic fruits in demand in the alternative medicine and pharmaceutical markets.
Geo Forestal specializes in a variety of large-scale reforestation activities including on-site plantation development and yield management (including certified seed selection) plantation certification with relevant international authorities and organizations, administration and consulting. Geo Forestal works closely with ANAM, Panama’s Renewable Natural Resources Institute, the agency that regulates and Panamanian reforestation projects under the provisions of Panama’s Reforestation Law (No. 24 of 1992). Geo Forestal has reforested over 2,000 hectares (approximately 5,000 acres) in Panama for clients such as the Panama Canal Authority and the National Forest Plantation of Darién province, among others.
Initially Geo Forestal will provide services to SCLM to finish development of the 36 plantations consisting of 288 hectares (715 acres) that have already been sold in Phases I & II of SCLD’s Bocas del Toro project. The completion date is slated for July 1, 2003.
When the Bocas plantations are fully planted, plans are for SCLD and Geo Forestal to extend their collaboration to SCLD’s 40-plantation project in Palmira, located in the Colón province of Panama. In Palmira, purchasers have the opportunity to own beachfront property with a Tropical Working Farm for only $12,600 an acre ($126,000 for a 10-acre parcel).
“SCLD is a pioneer in Panamanian reforestation due to its model of combining cash crops with reforestation to generate short- and long-term cash flow. Geo Forestal is one of the largest plantation-management firms in Panama. SCLD will soon have the largest reforestation project in the province of Bocas del Toro. We see our collaboration as a win-win partnership for everyone involved, including the country of Panama,” says Jacobo Melamed of Geo Forestal.
“By working with Geo Forestal to complete the clearing and planting of our Bocas plantations, we are fulfilling our promises to our customers,” states Marcel Gründmann, General Manager of San Cristobal Land Management (SCLM). “Conservatively, we expect our plantation owners to begin seeing profits from their medicinal plants by early 2004.”
For media information or to schedule interviews, contact media@sancristobalsa.net, 1-866-811-5324 (U.S.) or at +507-322-0913 (Panama).
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