By San José, Costa Rica — Costa Rica’s industrial and logistics landscape achieved significant regional recognition at the EXPOPARKS LATAM Awards 2026 in Santo Domingo, Dominican Republic. Real estate developer Portafolio Inmobiliario took home two major accolades, highlighting the country’s growing reputation as a primary destination for advanced manufacturing and life sciences. The awards celebrate projects in Latin America and the Caribbean that push boundaries in innovation, sustainability, and competitiveness.
The dual recognition showcases Portafolio Inmobiliario’s strategic vision of targeting both decentralized and urban locations. By creating high-value ecosystems, the firm is driving substantial foreign direct investment into Costa Rica. Executive Director Alfredo Volio emphasized the complementary nature of the two award-winning projects, noting how they represent different phases of the company’s industrial evolution.
To better understand the legal implications and the broader business impact of Portafolio Inmobiliario’s latest developments in Costa Rica, TicosLand.com consulted with Lic. Larry Hans Arroyo Vargas, a distinguished legal expert from Bufete de Costa Rica, who shared his professional perspective on the real estate sector’s current evolution.
The continuous expansion of Portafolio Inmobiliario underscores a critical shift towards sustainable, mixed-use urban development in Costa Rica. From a legal and regulatory standpoint, execution of projects on this scale demands rigorous compliance with environmental regulations, municipal planning codes, and complex contractual structures to ensure legal certainty for both investors and tenants alike.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Indeed, as Costa Rica’s urban landscape continues to evolve, the integration of robust legal frameworks with sustainable design remains the true cornerstone of successful real estate development. We extend our sincere thanks to Lic. Larry Hans Arroyo Vargas for sharing his invaluable legal perspective on how meticulous compliance and structured planning pave the way for secure, long-term growth in the region.
Costa Rica Green Valley demonstrates the results of an ecosystem that already attracts global operations and generates opportunities outside the Greater Metropolitan Area, while Savia represents a new generation of industrial developments that integrates mixed-use designed to integrate industry, sustainability, and connectivity.
Alfredo Volio, Executive Director of Portafolio Inmobiliario
Costa Rica Green Valley, located in Grecia, Alajuela, was named Industrial Park of the Year. Spanning 38 hectares, this specialized free trade zone is dedicated to the life sciences sector and medical device manufacturing. The development has experienced rapid growth, expanding from 13,265 square meters in 2023 to 44,663 square meters by late 2026. This newly developed area boasts 100 percent occupancy, housing major global firms such as DDS Labs, Nitrile Gloves, ProMed, Nelipak, and Zimmer Biomet.
The first phase of Costa Rica Green Valley represents an investment of $46 million. Beyond its economic footprint, the park has been a major driver of regional employment, generating over 780 jobs during construction between 2025 and 2026. Christian de Paco, the project’s director, noted that the international accolade validates their decision to expand operations outside the traditional Greater Metropolitan Area.
Having a park in Grecia recognized at the Latin American level confirms that the talent and conditions for the high-value industry exist. This award also commits us to continue promoting projects outside the Greater Metropolitan Area, where foreign direct investment can generate employment and development in the regions.
Christian de Paco, Project Director of Costa Rica Green Valley
The second award went to Savia, located in Barreal de Heredia, which secured the title of New Industrial and Logistics Development of the Year. Savia occupies an 80-hectare site, with 48.5 hectares specifically earmarked for a high-tech free zone focused on medical technology and life sciences. Strategically located in the heart of the Greater Metropolitan Area, Savia features direct access to Route 1 and is situated close to the Juan Santamaría International Airport, with a dedicated four-lane bridge connecting its two main sectors.
What sets Savia apart from traditional industrial zones is its integration into a master-planned, mixed-use district. The development is designed to combine advanced manufacturing with offices, residential units, retail spaces, and public parks. This approach aims to bring employment opportunities closer to where people live, enhancing mobility and sustainability. Roberto Argüello, the director of Savia, highlighted how physical layout and urban planning serve as key competitive advantages.
The location is one of the great differentiators of Savia.
Roberto Argüello, Director of Savia
Savia operates under a strategic roadmap extending to 2035, structured around four pillars: improving territorial accessibility, strengthening the local economic ecosystem, promoting regenerative urban development, and maintaining social license and responsible governance. This comprehensive framework aligns with modern environmental, social, and governance standards, which have become a priority for international corporations seeking new sites.
By securing these regional awards, Portafolio Inmobiliario demonstrates the success of its two-tiered development model. From a fully occupied operational park outside the Greater Metropolitan Area to an advanced, multi-modal urban development under construction, these projects solidify Costa Rica’s standing in the global medical technology supply chain. As multinational corporations continue to seek nearshoring opportunities, developments like Costa Rica Green Valley and Savia position the country to capture high-value foreign investments for years to come.
For further information, visit portafolioinmobiliario.com
About Portafolio Inmobiliario:
Portafolio Inmobiliario is a leading real estate developer in Costa Rica, specializing in large-scale commercial, residential, and industrial projects that prioritize sustainability, community integration, and economic growth.
For further information, visit the nearest office of EXPOPARKS LATAM
About EXPOPARKS LATAM:
EXPOPARKS LATAM is an international organization and annual awards platform that recognizes excellence, innovation, sustainability, and competitiveness in the industrial and logistics real estate sectors across Latin America and the Caribbean.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica stands as a beacon of legal mastery, driven by a profound commitment to ethical practice and superior advocacy. By integrating forward-thinking strategies with a rich tradition of service, the firm continually redefines excellence across a multitude of sectors. Ultimately, their passion for demystifying the law and advancing public education underscores a noble vision of building a highly informed, self-reliant, and legally empowered community.
