- The transaction value was COP 16,695 million.
- The property currently has a long-term lease agreement with EPS Sanitas.
- This is Pei’s third acquisition as part of its goal to support the growth and expansion of the portfolio’s tenant partners.
Bogotá, June 2021. Pei, the leading real estate investment vehicle for Colombians, managed by Pei Asset Management, announced the acquisition of the Sanitas medical center, located in the Versalles neighborhood of Cali.
The value of this acquisition by Pei was COP 16,695 million. The property has a 10-year lease agreement with EPS Sanitas.
“As part of Pei’s portfolio diversification strategy, this becomes the third Sanitas medical center in Pei’s Cali portfolio, reaffirming the vehicle’s interest in offering tenants a comprehensive real estate portfolio that covers all their needs, positioning itself as a real estate partner. In that regard, Grupo Keralty’s (owner of Sanitas) corporate headquarters in Bogotá has also been a portfolio asset since 2010,” said Jairo Corrales, president of Pei Asset Management.
Sanitas Versalles is located in a strategic area characterized by a mix of commercial and residential properties. The asset, which began operating in December 2020, has a total area of 3,594 m2. The building has 6 floors featuring a laboratory, 53 medical consultation rooms, and 87 parking spaces for cars, motorcycles, and bicycles.
The center provides specialties such as general medicine, pediatrics, gynecology, dermatology, physiatry, among others, as well as healthcare services such as family planning, ultrasound, prenatal care, and vaccination.
The property was built over 18 months by the construction firm Construandes S.A., and since it began operating it has functioned normally in compliance with all biosafety protocols. It generates around 155 direct and indirect jobs.
Pei’s investments in Cali and Valle del Cauca
In recent years, the Pei real estate investment vehicle has strengthened its presence in Cali, the second Colombian city with the largest presence of Pei assets.
Currently — and with the acquisition of Sanitas Versalles — Pei holds a stake in a total of 16 assets in this region of the country, distributed as follows: commercial (7), corporate (1), specialized (3), and logistics (5).
Cali and Valle del Cauca are important drivers of the Colombian economy and one of the country’s main logistics and industrial hubs. We therefore trust that all these competitive advantages will contribute to the region’s development, progress, and reactivation.
Pei Asset Management, manager of real estate investment vehicles
Pei Asset Management is a company specialized in the structuring and comprehensive management of real estate investment vehicles in Colombia. It has held the highest Portfolio Management Effectiveness rating, G-aaa, awarded by BRC Standard & Poor´s S&P Global since 2009.
For 14 years, Pei Asset Management has been characterized by its contribution to society’s well-being, democratizing investment opportunities, creating physical spaces that benefit the community, and driving the growth of its partners.
Its expert team works daily to build and maintain long-term relationships with investors, tenants, and other stakeholders.
Pei, the leading real estate investment vehicle in Colombia
Pei Asset Management currently manages the real estate asset portfolio of Pei, the leading real estate investment vehicle for Colombians, valued at COP 6.9 trillion. It comprises 146 properties representing close to 1.06 million m2 of leasable area, located in 30 cities and municipalities across the country.
PEI’s diversified portfolio, notable for its variety of asset types, geographic locations, and tenants, includes the following categories: corporate, logistics and industrial, commercial, specialized, and hospitality.
Pei offers a solid investment alternative with attractive returns and high liquidity, prioritizing the building of long-term relationships with its more than 4,600 investors and 1,200 tenants.