COlombia Retail

 In 2014, we identified and then assisted our client in establishing a new  shopping center development company. Since then, two state-of-the-art shopping centers totaling more than 110,000 meters square have been developed, stabilized and sold. Rising disposable income and an expanding middle class was driving demand and consumption in Colombia. This, coupled with the low penetration of shopping centers, made retail development an interesting investment opportunity with attractive returns. Our client's retail exposure was further increased when its real estate fund (until then primarily office) purchased a 50% interest in Colombia's largest retail owner/developer. Our client's investments were subsequently acquired by the development company.