Go to deals
Consumer & Retail | Real Estate

PSP Investments has sold its minority stake in Fontanar Shopping Mall

PSP Investments has sold its stake in Fontanar Shopping Mall to Spectrum and Yellowstone Capital Partners (YCP).

Fontanar is a shopping mall located in the outskirts of Bogota, Colombia. The establishment has stores with Colombian and international brands, such as BMW, Nike, Adidas, Falabella and Loto del Sur. Fontanar also has several restaurants and banks and offers various entertainment services.

YCP is a Pan-American Colombia and US-based private equity real estate firm with US$500 million of capital under management. YCP’s investment strategy is focused on purchasing land, developing and operating mixed-use and large-scale residential projects targeting Colombia’s emerging working and middle-class.

Spectrum is a private company with headquarters in Guatemala. The firm specializes in the development, marketing and operation of real estate projects in Guatemala, Honduras, Nicaragua and Colombia. It seeks to invest in the retail, housing and office segments.

The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the Federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montreal and offices in New York, London and Hong Kong.

Oaklins’ team in Colombia acted as the exclusive advisor to the seller in this transaction.

Parties

Talk to the deal team

Juan Pablo Bayter

Partner
Bogotá, Colombia
Oaklins Axia

Related deals

Ambala Foods Limited has been acquired by Cake Box Holdings plc
Consumer & Retail | Food & Beverage

Ambala Foods Limited has been acquired by Cake Box Holdings plc

Cake Box Holdings plc has acquired the Asian dessert specialist Ambala Foods Limited.

Learn more
BDS Vending Solutions has been acquired by Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC
Consumer & Retail | Food & Beverage

BDS Vending Solutions has been acquired by Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC

Coca-Cola HBC Northern Ireland, a subsidiary of Coca-Cola HBC, has completed the acquisition of BDS Vending Solutions. This transaction is aligned with Coca-Cola HBC’s strategy to strengthen its route-to-market and direct-to-consumer capabilities, opening up new opportunities across its diverse portfolio of snacks, as well as cold and hot beverages.

Learn more
OBI Group has acquired the OBI and individual DIG stores from Migros
Consumer & Retail

OBI Group has acquired the OBI and individual DIG stores from Migros

As part of a strategic review, Migros has decided to divest its DIY business, which included several Do It + Garden and OBI locations. Migros had operated the Swiss OBI stores as a franchisee. In OBI Group Holding, Migros has found the ideal partner to ensure continuity for both its customers and employees.

Learn more