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Equity International makes its first investment in Colombia in Terranum Development, a privately owned corporate real estate company based in Bogota.
The privately held investor and builder of world-class companies outside of the United States has a particular focus on identifying and initiating high-growth sectors in the most compelling emerging markets. In partnering with Terranum Development, an integrated real estate company focusing on investment development, and management of the highest quality corporate property in Colombia and the Andean region, " EI brings a wealth of expertise in corporate real estate in Latin America and company-building globally&hellip to capitalize on the promising opportunities in the region&rsquo s corporate real estate market,&rdquo as Jose Ignacio Robledo, chief executive officer of Terranum states.
Colombia&rsquo s strong economic and political environment, strong GDP and investment grade status continues to attract new investors. According to Gary Garrabrant, chief executive officer of Equity International, " Colombia represents one of the most compelling new frontiers and together, with Terranum EI is excited to be at the leading edge of the institutionalization of the country&rsquo s real estate industry.&rdquo
Furthermore, Colombia&rsquo s business-friendly environment, continued stability, and abating security concerns has attracted numerous multinational corporations increasing the demand for high-quality office and logistics space.
For more information on Equity International&rsquo s USD $75 million investment in Terranum Development, visit www.equityinternational.com and www.terranum.com.
