Pei acquires additional shares of 1.2% from the rental company in Our Monteria Shopping Center.

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June 5, 2021

Bogotá, June 2021. Pei, real estate investment vehicle, a leading Colombian company managed by Pei Asset Management, announced the acquisition of an additional 1.2% stake in the rental property portfolio of Nuestro Montería Shopping Center, representing 0.9% of the total asset value.

The transaction was completed for a value of COP$1,090,000,000… The leased area acquired with this recent investment is 232 m2.

In this way, Pei gains complete ownership of 74% of the rental market, giving them ownership of 55.4% of the entire shopping center.

Nuestro Montería has a total leasable area of 25,168 m2, of which 13,945 m2 belongs to Pei, including this recent transaction.

The acquisition of this additional share was agreed upon jointly by Pei and Valores Ménsula S.A.S.

Pei Asset Management, real estate investment vehicle management company

Pei Asset Management is a company specializing in the structuring and comprehensive management of real estate investment vehicles in Colombia. It has the highest rating for portfolio management efficiency, G-aaa, awarded by BRC Standard & Poor’s S&P Global since 2009.

For the past 14 years, Pei Asset Management has been characterized by contributing to the well-being of society through the democratization of investment opportunities, creating physical spaces that benefit the community, and supporting the growth of its partners.

Their expert team works daily to build and maintain long-term relationships with investors, tenants, and other stakeholders.

Pei, real estate investment vehicle, leading company in Colombia

Currently, Pei Asset Management manages the real estate portfolio of Pei, a leading real estate investment vehicle in Colombia, valued at approximately $COP 6.9 trillion. This includes approximately 146 properties representing around 1.05 million square meters of leasable area, located in 30 cities and municipalities across the country.

The diversified portfolio, characterized by its asset types, geographic location, and tenants, includes the following categories: corporate, logistics, industrial, commercial, specialized, and accommodation.
Pei provides a reliable investment option with appealing returns, high liquidity, and a focus on establishing long-term relationships with its more than 4,500 investors and 1,200 tenants.

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Pei acquires additional shares of 1.2% from the rental company in Our Monteria Shopping Center.

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