Colombian RE Fund to Sell Additional Shares

Colombian RE Fund to Sell Additional Shares

Colombia Equity

Colombia’s Terranum Inversion is planning to sell a tranche of new shares in its Patrimonio Autonomo Estrategias Inmobiliarias real estate fund, raising COP110.2-COP179.0bn ($58m-$94m). The fund plans to sell 14.2m-22.8m shares at COP7,840 each today through Friday, according to a regulatory filing. This compares to the COP7,757 July 8 trading level, the most recent listed on the fund’s website. Existing holders will have first crack at the new shares during the first two days of the sale period

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