CODE Development Group
- Company typePrivate
- Founded2000
- HeadquartersAlajuela, Costa Rica
- Headcount51–100
- GTM typeB2B
- OfferingServices
CODE Development Group firmographics
Firmographics- Name
- CODE Development Group
- Legal name
- Code Development Group
- Website
- https://codedg.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
CODE Development Group industry classification
Industry- Product category
- Industrial Real Estate & Free Trade Zone Development
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Nonresidential Building Construction (2362)
- SIC
- Operators Of Nonresidential Buildings (6512), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Commercial General Contracting (New Build) (IMAFAAAA)
Keywords
Where CODE Development Group is headquartered
LocationHeadquarters
- HQ city
- Alajuela
- HQ country
- Costa Rica
- HQ region
- Latin America
Offices1 record
Markets served
CODE Development Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Marketing or Sales
Revenue model
- Industrial Real Estate Leasing: CODE Development Group generates revenue through developing, managing, and constructing industrial real estate in free trade zones. They offer stand-alone and multitenant buildings in business parks, providing complementary services adapted to industry needs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom commercial leasing arrangements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
CODE Development Group product offering
Product offeringCore offering
CODE Development Group develops, manages, and constructs industrial real estate in Costa Rica's free trade zones, operating flagship business parks Coyol Free Zone and Evolution Free Zone. It offers stand-alone and multitenant industrial buildings to large multinational companies, particularly in life sciences and medical devices, along with complementary HR (Gente Coyol) and education (Lumino) services for tenant operations.
Product overview
CODE Development Group is a real estate solutions provider for Free Zones, offering standalone and multitenant buildings in business parks. The company's portfolio includes two flagship industrial park developments: Coyol Free Zone (a top-10 global free zone specializing in Life Sciences with 34 companies) and Evolution Free Zone (a next-generation high-tech business park). These parks integrate technological innovation, sustainability, and global standards to support enterprise operations.
Differentiator
Problem solved
Functional benefit
Brands
- Coyol Free Zone: Industrial park recognized as one of the top 10 free zones globally, housing a Life Sciences cluster with 34 companies including 7 of the top 30 medical device companies.
- Evolution Free Zone
- Gente Coyol
- Lumino
Products and services
- Coyol Free Zone An industrial park in Costa Rica recognized as one of the top 10 free zones in the world for six consecutive years, hosting a Life Sciences cluster with 34 operating companies including 7 of the top 30 medical device companies globally. Designed for large multinational enterprises in medical devices and life sciences.
- Evolution Free Zone A high-tech industrial business park from the West designed to redefine global free zone standards by integrating sustainability and future-oriented technology. Targeted at enterprises seeking next-generation industrial facilities.
- Stand-alone Buildings Freestanding industrial buildings offered within CODE Development Group's business parks, tailored to the specific operational requirements of large multinational tenants.
- Multitenant Buildings Multi-tenant industrial facilities within CODE Development Group's business parks providing shared infrastructure and services adapted to various industries operating in the free zones.
- Gente Coyol (HR Services) Human resources and employment services subsidiary supporting the workforce needs of tenants in the Coyol industrial ecosystem.
- Lumino (Education Services) Education services subsidiary supporting training and skill development for the industrial park ecosystem.
Companies that use CODE Development Group
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
CODE Development Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
CODE Development Group partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
CODE Development Group competitors and assessment
Company assessmentBroad incumbents
- GLP: Global operator of logistics and industrial parks with significant presence in Asia, Europe, and the Americas. Comparable as a large-scale industrial real estate developer and landlord serving multinational enterprises across multiple jurisdictions.
- Panattoni: One of the largest privately held industrial real estate developers globally, with activity across Europe, North America, and increasingly Latin America. Directly comparable as an industrial park developer pursuing enterprise tenants, though CODE's free-zone regulatory expertise in Costa Rica is more niche.
- Prologis: Global industrial REIT and developer operating logistics and manufacturing parks worldwide, including Latin America (Mexico via Fibra Prologis). Comparable as a direct competitor for multinational tenants seeking industrial space in Latin American free trade and logistics corridors, though at vastly larger scale and broader geographic reach.
- Mapletree Industrial Trust: Singapore-listed industrial REIT owning a portfolio of high-tech industrial properties across Asia and the US. Comparable as a long-tenured landlord of advanced industrial facilities to multinational tenants, though primarily Asia-weighted and publicly listed.
Regional players
- Vesta: Mexican industrial real estate developer and operator focused on Class-A manufacturing and logistics parks serving automotive, aerospace, e-commerce, and medtech tenants. Comparable regional industrial park developer pursuing multinational nearshoring demand, with similar build-to-suit and multitenant model.
- Advance Real Estate: Latin American industrial and logistics real estate platform (formerly known as CIFI Latam-related ventures) operating across multiple countries. Comparable as a regional industrial park developer pursuing multinational tenants, though with broader geographic footprint than CODE.
- Grupo Bermúdez: Costa Rican and Panamanian real estate group with significant industrial, commercial, and free zone development experience. Closest geographic comparable based on shared home market and overlap in free zone and industrial park development in Central America.
- Fibra Prologis: Mexican industrial REIT managed by Prologis that owns and leases Class-A industrial properties primarily in nearshoring-relevant markets like the Bajio. Closest regional comparable for capturing multinational manufacturing tenants seeking Latin American industrial space, though in Mexico rather than Costa Rica.
Direct peers
- Parque Industrial Esperanza (PIE): Costa Rican industrial park developer operating in the same geographic corridor as CODE Development Group, courting multinational manufacturers and free zone tenants. Direct peer competing for the same Costa Rican nearshoring mandate with overlapping product offering of standalone and multitenant buildings.
Emerging players
- Terreno Realty: US-focused industrial REIT acquiring and developing industrial properties in six major coastal US logistics markets. Comparable as a small-footprint, high-quality industrial landlord pursuing enterprise tenants, though geographically and structurally different (US REIT vs. Costa Rican operator).
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
CODE Development Group social profiles
Digital presenceCODE Development Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
CODE Development Group leadership team
Management profileNumber of profiles
CODE Development Group subsidiaries and ownership
Company hierarchySubsidiaries4 records
CODE Development Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CODE Development Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CODE Development Group
What does CODE Development Group do?
CODE Development Group develops, manages, and constructs industrial real estate in Costa Rica's free trade zones, operating flagship business parks Coyol Free Zone and Evolution Free Zone. It offers stand-alone and multitenant industrial buildings to large multinational companies, particularly in life sciences and medical devices, along with complementary HR (Gente Coyol) and education (Lumino) services for tenant operations.
Is CODE Development Group a public or private company?
CODE Development Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CODE Development Group founded?
CODE Development Group was founded in 2000. It employs 51 to 100 people.
Where is CODE Development Group based?
CODE Development Group is headquartered in Alajuela, Costa Rica, in the Latin America region.
How does CODE Development Group make money?
One revenue line is on record: industrial Real Estate Leasing.
Who are CODE Development Group's main competitors?
Broad incumbents on record are GLP, Panattoni, Prologis and Mapletree Industrial Trust. Regional players are Vesta, Advance Real Estate, Grupo Bermúdez and Fibra Prologis. Parque Industrial Esperanza (PIE) is listed as a direct peer. Terreno Realty is listed as an emerging player.
Does CODE Development Group have an API?
No public API is recorded for CODE Development Group.
What industry is CODE Development Group in?
CODE Development Group's product category is Industrial Real Estate & Free Trade Zone Development. Its primary akta.pro industry code is IMAFAAAA, Commercial General Contracting (New Build). Its NAICS code is 531120 and its SIC code is 6512.