Colombian Targets REIT Sequel

Colombian Targets REIT Sequel

Colombia Structured Finance Equity

Improving issuing conditions have Colombia’s Terranum Inversion planning to quicken the pace of share sales from its Patrimonio Estrategias Inmobiliarias (PEI) domestic real estate income trust, and follow up a recent $88m-equivalent sale with another this year, Terranum’s CEO says. “About $75m-$100m should come on line by the end of the year. Clearly there is a lot of appetite, but not a lot of product,” Jose Ignacio Robledo tells LatinFinance, noting that PEI remains the only REIT in Colombia.

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