Pei acquires an additional 1.2% of the lease pool at the Nuestro Montería shopping center

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June 5, 2021

Bogotá, June 2021. Pei, the leading real estate investment vehicle for Colombians, managed by Pei Asset Management, announced the acquisition of an additional 1.2% of the lease pool at the Nuestro Montería shopping center, equivalent to 0.9% of the total asset.

The transaction was carried out for a value of COP$1,090,000,000. The leasable area acquired through this recent stake is 232 m2.

As a result, Pei now holds a total stake of 74% of the lease pool, making the vehicle the owner 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 negotiation of this additional stake was carried out by mutual agreement between Pei and Valores Ménsula S.A.S.

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 in Colombia, valued at COP 6.9 trillion. It comprises 146 properties representing close to 1.05 million m2 of leasable area, located in 30 cities and municipalities across the country.

The diversified vehicle, 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 4,500 investors and 1,200 tenants.

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Pei acquires an additional 1.2% of the lease pool at the Nuestro Montería shopping center

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