{"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":"2026-08-05T17:08:41","modified_gmt":"2026-08-05T22:08:41","slug":"pei-completes-the-acquisition-of-a-50-stake-in-jardin-plaza-cucuta-shopping-center","status":"publish","type":"post","link":"https:\/\/pei.com.co\/en\/pei-completes-the-acquisition-of-a-50-stake-in-jardin-plaza-cucuta-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 completed the purchase of a 50% stake in Jard\u00edn Plaza C\u00facuta Shopping Center.<\/li>\n<li>The shopping center has a leasable area of \u200b\u200b31,325 m<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 becomes the top commercial asset of Pei\u2019s portfolio in Norte de Santander.<\/li>\n<\/ul>\n<p><strong>Bogot\u00e1 D.C., April 2020.<\/strong> Pei, the country\u2019s leading real estate investment vehicle, managed by Pei Asset Management, completed Jard\u00edn Plaza C\u00facuta Shopping Center\u2019s incorporation to its commercial assets portfolio. Jard\u00edn Plaza C\u00facuta is the second 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 commenced operations in 2019 and is located in the capital of Norte de Santander, has a leasable area of \u200b\u200b31,325 m<sup>2<\/sup> and 180 commercial premises. Pei acquired a 50% stake thereof, 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\u2019s innovative commercial mix between local, domestic, and international brands, recreational areas with food courts and restaurants, and a particular open-air architectural design with integrated vegetation to its halls, make it a very appealing shopping center.<\/p>\n<p>Jairo Alberto Corrales, Pei Asset Management\u2019s President remarked that, \u201cJard\u00edn Plaza C\u00facuta\u2019s acquisition allows us to increase Pei\u2019s assets portfolio geographical diversification in Colombia, while bringing to other cities, at the same time, the positive impact that these real estate spaces generate for their communities\u2019 dynamics and well-being\u201d.<\/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 trillion\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 becomes the top commercial asset of Pei\u2019s portfolio in Norte de Santander. Bogot\u00e1 D.C., [&hellip;]<\/p>\n","protected":false},"author":1,"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/comments?post=15702"}],"version-history":[{"count":3,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15702\/revisions"}],"predecessor-version":[{"id":16324,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15702\/revisions\/16324"}],"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}]}}