{"id":15719,"date":"2019-10-30T05:00:57","date_gmt":"2019-10-30T10:00:57","guid":{"rendered":"https:\/\/pei.com.co\/nuestro-cartago-shopping-center-is-included-in-pes-real-estate-assets-portfolio\/"},"modified":"2026-07-29T16:54:39","modified_gmt":"2026-07-29T21:54:39","slug":"nuestro-cartago-shopping-center-is-included-in-pes-real-estate-assets-portfolio","status":"publish","type":"post","link":"https:\/\/pei.com.co\/en\/nuestro-cartago-shopping-center-is-included-in-pes-real-estate-assets-portfolio\/","title":{"rendered":"Nuestro Cartago Shopping Center is included in Pe\u2019s real estate assets portfolio"},"content":{"rendered":"<p>[vc_row type=\u201din_container\u201d full_screen_row_position=\u201dmiddle\u201d scene_position=\u201dcenter\u201d text_color=\u201ddark\u201d text_align=\u201dleft\u201d overlay_strength=\u201d0.3\u2033 shape_divider_position=\u201dbottom\u201d bg_image_animation=\u201dnone\u201d][vc_column column_padding=\u201dno-extra-padding\u201d column_padding_position=\u201dall\u201d background_color_opacity=\u201d1\u2033 background_hover_color_opacity=\u201d1\u2033 column_link_target=\u201d_self\u201d column_shadow=\u201dnone\u201d column_border_radius=\u201dnone\u201d width=\u201d1\/1\u2033 tablet_width_inherit=\u201ddefault\u201d tablet_text_alignment=\u201ddefault\u201d phone_text_alignment=\u201ddefault\u201d column_border_width=\u201dnone\u201d column_border_style=\u201dsolid\u201d bg_image_animation=\u201dnone\u201d][vc_column_text]<\/p>\n<ul>\n<li>The Nuestro Cartago shopping center chain is arriving in Cartago, Valle del Cauca, a city with significant growth potential, to enhance its commercial offerings.<\/li>\n<li>Our Cartago Shopping Center has a lettable area of 17,710 m2, with PEI&#8217;s interest representing 70% of the space in 124 stores, corresponding to a lettable area of 14,557 m2.<\/li>\n<\/ul>\n<p><strong>Bogot\u00e1 D. C., October 2019.<\/strong> Pei, the leading real estate investment vehicle in the country, managed by Pei Asset Management, incorporates Nuestro Cartago Shopping Center in its commercial assets portfolio. Nuestro Cartago has a leasable area of 17,710 m2 and began operations on September 19, 2019.<\/p>\n<p>Currently, Nuestro Cartago, is the largest shopping center in the North of Valle, and came to Cartago to strengthen the trade\u2019s growth in the region, reconfirming Pei\u2019s investment focus and value-generation objectives in Colombia\u2019s intermediate cities. The cost of the transaction amounted to COP 50,324 MM. With this purchase, the real estate investment vehicle acquired a 70% interest on 124 stores in the shopping center, corresponding to a leasable area of 14,557 m2.<\/p>\n<p>\u201cJust as our investments in intermediate cities such as Monteria and C\u00facuta, we are sure that urban centers such as Cartago \u2013located within the large group of cities in Colombia with populations above 100,000 inhabitants\u2013, are a real opportunity to develop modern and comprehensive commercial offers such as Nuestro Cartago\u201d, stated Jairo Corrales, Pei Asset Management\u2019s President.<\/p>\n<p>The companies Vector Group and M\u00e9nsula Ingenieros S.A. were responsible for building the shopping center. The construction lasted 17 months. The property is located in the northeast of the city of Cartago, on a main road (Carrera 5th), near Cartago&#8217;s largest residential area.<\/p>\n<p>Our Nuestro Cartago Shopping Center includes the main retail brands in Colombia in its commercial offer, and upon opening, had a physical occupancy of 89%, highlighting its value contribution to both the properties and their tenants. The anchor brands present at Nuestro Cartago Shopping Center are Supermercados La 14, Royal Films, Sky Park, and Surtitodo.<\/p>\n<p>Our Cartago Shopping Center offers its users access to a variety of entertainment services and a boulevard with a diverse range of restaurants. Additionally, users can utilize an educational center and a health center, further enhancing the shopping center&#8217;s supplementary service offerings.<\/p>\n<p>\u201cCartago is an intermediate city with significant potential for commercial expansion. The city\u2019s population has a high purchasing power and no shopping centers. Pei\u2019s premise is to continue to strengthen its portfolio, expanding through successful chains such as Nuestro in the intermediate cities\u201d, stated Luisa Gonz\u00e1lez, Pei Asset Management\u2019s Investments Manager.<\/p>\n<p>Pei has established a long-term strategic alliance with the project&#8217;s promoter, Jaguar Capital, with whom it is already successfully operating Nuestro Monter\u00eda Shopping Center, solidifying its opening. Furthermore, the opening of a third shopping center in Bogot\u00e1 \u2013by the end of 2020\u2013, falls within the existing expansion projections.<\/p>\n<p>With this acquisition, Pei continues to diversify its real estate portfolio with first-level assets, completing 82 commercial assets and a total of 143 properties distributed in 30 municipalities and cities throughout the country. These assets represent over 980 thousand m2 of leasable area, whose value exceeds COP 5,9 billion.[\/vc_column_text][divider line_type=\u201dNo Line\u201d custom_height=\u201d32px\u201d][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=\u201din_container\u201d full_screen_row_position=\u201dmiddle\u201d scene_position=\u201dcenter\u201d text_color=\u201ddark\u201d text_align=\u201dleft\u201d overlay_strength=\u201d0.3\u2033 shape_divider_position=\u201dbottom\u201d bg_image_animation=\u201dnone\u201d][vc_column column_padding=\u201dno-extra-padding\u201d column_padding_position=\u201dall\u201d background_color_opacity=\u201d1\u2033 background_hover_color_opacity=\u201d1\u2033 column_link_target=\u201d_self\u201d column_shadow=\u201dnone\u201d column_border_radius=\u201dnone\u201d width=\u201d1\/1\u2033 tablet_width_inherit=\u201ddefault\u201d tablet_text_alignment=\u201ddefault\u201d phone_text_alignment=\u201ddefault\u201d column_border_width=\u201dnone\u201d column_border_style=\u201dsolid\u201d bg_image_animation=\u201dnone\u201d][vc_column_text] The Nuestro Cartago shopping center chain is arriving in Cartago, Valle del Cauca, a city with significant growth potential, to enhance its commercial offerings. Our Cartago Shopping Center has a lettable area [&hellip;]<\/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-15719","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":{"tiempo_de_lectura":"3","unidad_de_tiempo":"mins"},"_links":{"self":[{"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15719","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=15719"}],"version-history":[{"count":1,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15719\/revisions"}],"predecessor-version":[{"id":15848,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/posts\/15719\/revisions\/15848"}],"wp:attachment":[{"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/media?parent=15719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/categories?post=15719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pei.com.co\/en\/wp-json\/wp\/v2\/tags?post=15719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}