Port of Cartagena Retail Strategy
Lambert completed a comprehensive market analysis identifying key market segments and the tenant mix for the Port of Cartagena to strategically develop retail in the cruise port.
Cartagena, Colombia one of the America’s most historic cities privatized its port with the goal of expanding cargo and cruise traffic and enhance efficiencies.
Lambert Advisory created a strategic development plan for a multi-million dollar effort to bring retail to the cruise port at the Port of Cartagena. Lambert was responsible for developing the business plan, tenant identification, and all market/financial analysis associated with the development effort. Lambert completed a comprehensive market analysis identifying key market segments and tenant mix. Additionally, Lambert prepared a financial investment structure, phasing, and pro forma analysis.
Today, the Port of Cartagena’s retail center is among the highest grossing renters on a per square meter basis in the entire Caribbean basin.