PSP Investments has sold its minority stake in Fontanar Shopping Mall
PSP Investments has sold its stake in Fontanar Shopping Mall to Spectrum and Yellowstone Capital Partners (YCP).
Fontanar is a shopping mall located in the outskirts of Bogota, Colombia. The establishment has stores with Colombian and international brands, such as BMW, Nike, Adidas, Falabella and Loto del Sur. Fontanar also has several restaurants and banks and offers various entertainment services.
YCP is a Pan-American Colombia and US-based private equity real estate firm with US$500 million of capital under management. YCP’s investment strategy is focused on purchasing land, developing and operating mixed-use and large-scale residential projects targeting Colombia’s emerging working and middle-class.
Spectrum is a private company with headquarters in Guatemala. The firm specializes in the development, marketing and operation of real estate projects in Guatemala, Honduras, Nicaragua and Colombia. It seeks to invest in the retail, housing and office segments.
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers. It 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, PSP Investments manages net contributions to the pension funds of the Federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montreal and offices in New York, London and Hong Kong.
Oaklins’ team in Colombia acted as the exclusive advisor to the seller in this transaction.


Talk to the deal team
Related deals
National World PLC has been acquired by Media Concierge Holdings Ltd
Media Concierge has acquired National World a UK-based multimedia company with a diverse portfolio of regional and national digital and print brands. The acquisition marks a new chapter for National World, which publishes over 100 regional news brands, including The Yorkshire Post and The Scotsman. Media Concierge, owned by Malcolm Denmark, has stated its intention to support National World's existing model of building a sustainable and independent news business.
Learn moreTrodo has secured financing from SEB Bank to buy out minority shareholder
Trodo, a leading e-commerce brand for automotive spare parts and accessories, has successfully secured a senior debt facility from SEB Bank. The financing enabled the company to buy out its Norwegian shareholder, a long-term business partner who played a pivotal role in establishing Trodo’s operations in Norway during its early years.
Learn moreHero Brands has secured strategic investment from True Capital Partners for German Doner Kebab
Hero Brands, the owner of German Doner Kebab (GDK), has received a strategic investment from True Capital Partners, a leading investment and innovation firm focused on the consumer sector.
Learn more