- Pei acquires an approximate 52% share of the total leasable area in the shopping center.
- The investment in this transaction was COP 315,000 million, with which real estate investment vehicle added 30.000 square meters of leasable area to its portfolio.
- With Our Bogotá, Pei completes 14 shopping centers in its commercial portfolio valued at over $3 trillion.
Bogotá, 9 April 2021 Pei, the leading real estate investment vehicle in the country, managed by Pei Asset Management, announced its addition to the Nuestro Bogotá shopping center with a stake equivalent to 52% of the asset, corresponding to a leasable area of 30,000 m². The investment in this transaction was COP 315,000 million.
Our Bogotá Shopping Center has 479 units, of which 149 have been sold to independent investors. The stake acquired by Pei corresponds to 70,5% of the remaining 330 units. This transaction is part of the long-term strategy established by Pei to accompany the expansion of Nuestro Shopping Centers brand in different cities of the country. In addition to Pei, investors such as Jaguar Capital, Arquitectura y Concreto, and Grupo G40 (the latter, which groups together well-known fashion brands such as Chevignon, MNG, Koaj, Studio F, Casio, among others) participated in this project. «Nuestro Bogotá is becoming a strategic project for Pei. Given its proximity to El Dorado Airport, we can attract a diverse audience, including workers from the business centers located in the area and guests of nearby hotels. In addition, its wide range of gastronomic and entertainment options will make it the preferred place for families in the Engativá district, the second most densely populated district in the city,» says Jairo Corrales, president of Pei Asset Management.
Our shopping center in Bogotá, a place for everyone
The newly inaugurated shopping center is located on José Celestino Mutis Avenue (63) and Ciudad de Cali Avenue in the city of Bogotá, five minutes from El Dorado International Airport. It has an area of 158 thousand m2, with approximately 58.000 m2 of leasable space, more than 2.000 parking spaces, and 479 commercial stores.
The total investment in the development of the shopping center amounts to $650,000 million, which has generated more than 3 thousand jobs, both directly and indirectly.
Our Bogotá mall aims to become the shopping center for a new generation in Colombia. A key strategy is to attract families with children. To achieve this, different spaces have been created where children can experience something unique, such as seeing a real airplane used in World War II, located in the food court area. Additionally, a section of Willy Wonka’s Chocolate Factory and a Playland amusement park have been recreated to complement the experience.
Regarding the food options, the shopping center includes «Zona N,» a space that recreates an old train station, where diners can find diverse and exclusive cuisine from some of Bogotá’s most prestigious areas. A food court with traditional brands will also be available.
Our Bogotá will feature an entrepreneurial fair area for startups with the goal of supporting new businesses in their growth phase. This will be in addition to the existing range of services offered, including healthcare, fashion, and the financial sector, among other categories.
Finally, travelers, visitors, and business people will be able to enjoy the capsule hotel – the first of its kind in Latin America – for a short, comfortable, and affordable stay, while optimizing space. It also offers a wide range of collaborative spaces.
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 4,600 investors and 1,200 tenants.