General information, milestones, and related entities
Pei is a real estate investment alternative, through which investors participate in a diversified portfolio of income-generating commercial assets through Equity Securities traded on the Colombian Stock Exchange. BRC Standard & Poor´s awarded these Equity Securities its highest rating: i-AAA.
Pei is a pioneer and leader among real estate investment vehicles in Colombia, structured as a real estate securitization trust, replicating international Real Estate Investment Trusts – REITs.
Since 2007, Pei has offered eleven tranches of Equity Securities to the market, consolidating over 4,500 investors. Pei offers to institutional and non-institutional investors a long-term income-generating investment alternative with distinctive features within the market, such as liquidity and low volatility.
What does Pei invest in?
PEI invests in different commercial real estate assets categories in Colombia, with income generation and appreciation potential, seeking a continued diversification per type of asset, tenant, and geographic location.
- Business centers
- Corporate offices
- Shopping centers
- Commercial premises
- Logistics centers
- Educational assets
- Health assets
Entity acting as spokesperson and legal representative for the PEI trust. It is also the issuer of the TEIS (Estrategias Inmobiliarias Securities) and the vehicle’s management agent.
Investors Legal Representative
Entity acting as the investors’ legal representative, responsible for carrying out any and all acts necessary to assert the Investors’ common rights and interests.
Legal advisor for Pei. Provides permanent advice on the legal matters concerning the Trust.
Financial Superintendence of Colombia
Government entity in charge of monitoring the financial and stock market systems where Pei operates.
Legal Representative of the Bondholders
Itaú Asset Management
Entity in charge of carrying out all the acts of administration and conservation that are necessary for the exercise of the rights and the defense of the common interests of the Bondholders.
Environment and Sustainability
24% of the total leasable area of the Pei is LEED certified: to date, the portfolio has 6.459.190 ft² of certified construction.
The LEED certification is awarded to those buildings complying with a set of energy efficiency, alternative energy use, indoor environmental quality improvement, water consumption efficiency, sustainable development, and material selection standards.
In order to deepen its Corporate Governance best practices, the Real Estate Manager has worked on the implementation of recommendations related to the risk management and information management.
Document aimed at raising the Corporate Governance standards to offer, among others, a greater value, strengthen the risks’ management and control, and facilitate the issuers obtainment of better financing conditions as a result of the creditors’ and investors’ better perception.