{"id":15702,"date":"2020-04-21T10:04:18","date_gmt":"2020-04-21T15:04:18","guid":{"rendered":"https:\/\/pei.com.co\/pei-completes-the-acquisition-of-a-50-stake-in-jardin-plaza-cucuta-shopping-center\/"},"modified":"2026-07-29T18:05:54","modified_gmt":"2026-07-29T23:05:54","slug":"pei-completes-the-acquisition-of-a-50-stake-in-jard-n-plaza-c-cuta-shopping-center","status":"publish","type":"post","link":"https:\/\/pei.com.co\/en\/pei-completes-the-acquisition-of-a-50-stake-in-jard-n-plaza-c-cuta-shopping-center\/","title":{"rendered":"Pei completes the acquisition of a 50% stake in Jard\u00edn Plaza C\u00facuta Shopping Center"},"content":{"rendered":"<ul>\n<li>Pei acquired a 50% ownership stake in the Jard\u00edn Plaza C\u00facuta shopping center.<\/li>\n<li>The shopping center has a lettable area of 31,325 square meters.<sup>2<\/sup> and 180 commercial premises.<\/li>\n<li>Jard\u00edn Plaza C\u00facuta opened to the public in 2019, and with this acquisition, it becomes the top commercial asset in Pei&#8217;s portfolio in Norte de Santander.<\/li>\n<\/ul>\n<p><strong>Bogot\u00e1 D.C., April 2020.<\/strong> Pei, the country&#8217;s leading real estate investment vehicle, managed by Pei Asset Management, completed the acquisition of Jard\u00edn Plaza C\u00facuta Shopping Center for its commercial assets portfolio. Jard\u00edn Plaza C\u00facuta is the second shopping center under the Jard\u00edn Plaza brand, where PEI has investments.<\/p>\n<p>With this acquisition, Pei and its business partners seek to replicate in C\u00facuta their successful business and management model, which has been in place in the city of Cali for over 20 years.<\/p>\n<p>The property, which began operations in 2019 and is located in the capital of Norte de Santander, has a rentable area of 31,325 square meters.<sup>2<\/sup> and the commercial premises owned by 180. Pei acquired a 50% share of it, corresponding to 16,265 m<sup>2<\/sup>, with an investment amounting to COP $83,503 MM.<\/p>\n<p>Jard\u00edn Plaza C\u00facuta&#8217;s innovative combination of local, domestic, and international brands, recreational areas with food courts and restaurants, and its distinctive open-air architecture with integrated greenery, makes it a highly attractive shopping center.<\/p>\n<p>Jairo Alberto Corrales, President of Pei Asset Management, stated that &#8220;the acquisition of Jard\u00edn Plaza C\u00facuta allows us to increase Pei&#8217;s assets portfolio&#8217;s geographical diversification in Colombia, while also bringing the positive impact that these real estate spaces generate for their communities&#8217; dynamics and well-being to other cities&#8221;.<\/p>\n<p>With this purchase, Pei\u2019s consolidation further progresses, with an assets portfolio consisting of 146 Corporate, Commercial, Logistics, Industrial, Specialized, and Accommodation properties in 30 cities in Colombia \u2013representing over 1 million m<sup>2<\/sup> of leasable area and valued in excess of COP 6.5 billion\u2013. This confirms the vehicle\u2019s commitment to contribute to the country\u2019s economic development in the different sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pei completed the purchase of a 50% stake in Jard\u00edn Plaza C\u00facuta Shopping Center. The shopping center has a leasable area of \u200b\u200b31,325 m2 and 180 commercial premises. Jard\u00edn Plaza C\u00facuta opened to the public in 2019, and with this acquisition, it becomes Pei&#8217;s top commercial asset in Norte de Santander. Bogot\u00e1 D.C., [\u2026]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15702","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":{"tiempo_de_lectura":"2","unidad_de_tiempo":"mins"},"_links":{"self":[{"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/comments?post=15702"}],"version-history":[{"count":1,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15702\/revisions"}],"predecessor-version":[{"id":15832,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15702\/revisions\/15832"}],"wp:attachment":[{"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/media?parent=15702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/categories?post=15702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/tags?post=15702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}