Bogotá, May 21, 2024. Pei, the leading real estate investment vehicle in Colombia, has been selected to join the MSCI COLCAP, a stock index that tracks the performance of the 20 issuers and the 25 most liquid, highest-capitalization securities on the BVC equities market. This follows the announcement by MSCI Global Standard regarding the inclusion of Colombian REITs as part of the eligible universe of securities for its index composition (1).
Pei’s inclusion in the preliminary MSCI COLCAP index basket marks another milestone for the vehicle as a pioneer, making it the first issuer in the country’s real estate investment industry to achieve this position, while also adding greater diversification to the index.
Jairo Corrales, president of Pei Asset Management, states that “this news opens the door for Pei to be part of the portfolios of international investors participating in the Colombian capital markets, which would help deepen the Security’s liquidity levels — an attribute highly valued by investors.”
On May 31, during the index rebalancing at the Colombia Stock Exchange, the new composition of the MSCI COLCAP index basket will be officially announced.
About Pei (PEI CB Equity)
Pei is a real estate investment alternative structured and managed by Pei Asset Management, with more than 6,500 investors. It has built a portfolio of high-specification, income-generating assets totaling more than 1.14 million m2 of leasable area, with a diversified base of more than 1,350 tenants and a presence in more than 30 cities and municipalities across the country. The portfolio is valued at more than 9.4 trillion pesos and comprises four asset categories: corporate, commercial, logistics, and specialized use.
(1) For more information, see the index provider’s information: https://www.msci.com/index-methodology