Z Group is a private real estate development, investment and management corporation that currently owns a portfolio of over 250 assets, manages 300,000m2 of built properties, and serves 300 customer/tenants. The company functions as private investment fund, building real estate assets and renting them to tenants, with a long-term view on the business. It conducts business throughout Central America and the Caribbean though local operating companies since more than 40 years. In this period of time, it has grown exponentially and diversified its field of business from industrial warehousing to commercial shopping centers, office complexes and residential communities. “Z Group” is a registered trademark – owned by The Zeta Group Company LLC, a US company – synonym of trust, solidity and reliability in the real estate market.

Z Group has developed and manages six Industrial Parks and Free Zones, which serve multinational and local clients that produce locally and export worldwide. In 2018, about $900 million worth of goods where exported from Z Parks to the World. In 2015 the Group was conferred the “Main Award to the Exporter Effort” granted by the Chamber of Exporters of Costa Rica, and recently obtained the recognition as “Free Zone of the Year 2016” of Central America, from the fDi Magazine of The Financial Times.

Z Group is also dedicated to creating distinctive commercial and residential developments in prime locations. It has created VIVO Plaza, a convenience shopping center format which includes prime international franchises such as McDonald’s, Subway, IMAX theaters, among others. The format is rapidly expanding into a network of regional convenience shopping centers. One of the company’s current major developments is Ciudad del Este in Costa Rica, a master-planned, mixed-use community on a 350,000m2 property. It is conceived as a blend of commercial, office space, residential, hotel and health-service project, with an innovative architecture and eco-friendly design.

Z Group employs 120 people in five different countries, and counts with a highly experienced, talented and innovation-prone management team.

Our Purpose

To steadily expand our portfolio of real estate assets through our own developments, thus increasing our tenant customer base and growing the company’s free cash flow.

Our Mission

To constantly improve concepts and design of each successive project, to develop the most cost-efficient projects, and to maintain tenant occupancy above 90%.

Our Values

Fair and competitive pricing, long-term loyal relations with customers and suppliers, and respect of the built environment and local communities.


Donatella Zingone
Cesare Zingone, MBA
Marco Garro, MBA
General Manager - Costa Rica
René Castañeda
General Manager - Guatemala & Nicaragua
Álvaro Quirós
Edgar Gonzalez
Sales Manager - Industrial
Nayubel Chavarría
Marketing Director - Retail
Félix Hernández
Engineering & Projects Manager