PSPIB Condor has sold its stake in Fondo Inmobiliario Colombia
PSPIB Condor Inc. has sold its stake in Fondo Inmobiliario Colombia (FIC) to Bancolombia and Grupo Sura.
FIC is one of the country’s largest real estate/REIT funds, with over US$1 billion assets under management and more than 168 assets in 26 municipalities. The fund invests in sectors such as logistics, office buildings, retail, hotels and health. FIC also has a 49% share in Viva Malls, the country’s largest shopping mall portfolio.
Bancolombia is Colombia’s largest retail bank, with a US$35.4 billion loan portfolio.
Grupo Sura is a leading financial services provider that mainly offers insurance and asset management services in Colombia and the LatAm region. The group is present in nine countries, including Colombia, Mexico, Brazil, Argentina and Chile.
PSPIB Condor Inc. is part of one of Canada’s largest pension investment managers. The fund 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, the pension fund manages net contributions to the pension funds of the Federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force.
Oaklins’ team in Colombia acted as advisor to the seller in this transaction.
Talk to the deal team
Related deals
Vastned Belgium has received a fairness opinion on its reverse cross-border merger with Vastned Retail
The committee of independent members of the Board of Directors of Vastned Belgium, a listed Belgium-based company, has obtained a fairness opinion in the context of a cross-border reverse merger with Vastned Retail, a listed Netherlands-based company.
Learn moreArtisJP has sold 500 ha of farmland to the Land Fund of Latvia
ArtisJP has sold 500 hectares of agricultural land in the Ventspils region of western Latvia to the Land Fund of Latvia, managed by the Latvian state finance institution Altum.
Learn moreAenza S.A.A. has completed a follow-on offering
Aenza S.A.A. has successfully completed a follow-on offering of US$55 million. The funds raised will be allocated to the capitalization of UNNA, an Aenza subsidiary, to support its investment plan, focusing on both organic and inorganic growth in infrastructure and energy assets.
Learn more