Canadian Company Invests $150 Million in ColombiaAngie Godinez
Colombia continues to attract U.S. and Canadian investment capital. The latest investment group placing capital in Colombia is the Toronto based investment firm Cadillac Fairview. Here’s information from their recent press release announcing the investment.
The Cadillac Fairview Corporation Limited, one of North America’s largest developers, investors, owners and managers of commercial real estate, and Terranum Corporate Properties, a Colombian corporate real estate property developer and business unit of the Terranum Group, are pleased to announce a joint partnership that will see Cadillac Fairview invest USD $150 million in the Colombian company.
“Cadillac Fairview recognizes the macroeconomic growth and stability of Colombia, as well as Terranum Corporate Properties’ leadership in property development,” said John Sullivan, President and CEO of Cadillac Fairview. “In addition to our capital investment, we are pleased to share our international expertise and experience in property development and management with Terranum, through this partnership.”
This investment will help fund multiple projects in Colombia, including Connecta, one of Bogotá’s largest commercial mixed-use developments, ZOL Funza, one of the country’s largest investment centres in logistics infrastructure, and a tailor-made industrial park located in the free zone of Gachancipá, for Portuguese company Prebuild. Capital will also be injected into new business opportunities being considered by Terranum Corporate Properties in Barranquilla, Medellín and Cali.
“This partnership complements Terranum Group’s strengths, knowledge and experience in the industry, and allows us to remain at the forefront when it comes to our value offerings to customers”, said José Ignacio Robledo, President of the Terranum group. “We are very proud to have a company of Cadillac Fairview’s stature on board to help accelerate our growth in the region.”
Cadillac Fairview joins Terranum Corporate Properties’ current partner, Equity International, a Chicago-based company dedicated to institutional investment management in emerging markets.
“Cadillac Fairview is distinguished for its active global investment approach, and we are delighted to partner with them to augment Terranum Corporate Properties’ leadership in corporate real estate across Colombia and the Andean region,” said Tom Heneghan, chief executive officer of Equity International.
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America’s largest developers, investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management. Cadillac Fairview is wholly-owned by the Ontario Teachers’ Pension Plan, which invests to secure the retirement income of 303,000 active and retired teachers in Ontario.
About Terranum Corporate Properties
Terranum Corporate Properties, a business unit of Colombian Terranum Group, specializes in the development, structuring and management of sustainable corporate and logistics real estate projects, which are tailor-made to each customer’s requirements and which meet the highest international standards.