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PSPIB Condor has sold its stake in Fondo Inmobiliario Colombia

PSPIB Condor Inc. has sold its stake in Fondo Inmobiliario Colombia (FIC) to Bancolombia and Grupo Sura.

FIC is one of the country’s largest real estate/REIT funds, with over US$1 billion assets under management and more than 168 assets in 26 municipalities. The fund invests in sectors such as logistics, office buildings, retail, hotels and health. FIC also has a 49% share in Viva Malls, the country’s largest shopping mall portfolio.

Bancolombia is Colombia’s largest retail bank, with a US$35.4 billion loan portfolio.

Grupo Sura is a leading financial services provider that mainly offers insurance and asset management services in Colombia and the LatAm region. The group is present in nine countries, including Colombia, Mexico, Brazil, Argentina and Chile.

PSPIB Condor Inc. is part of one of Canada’s largest pension investment managers. The fund 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, the pension fund manages net contributions to the pension funds of the Federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force.

Oaklins’ team in Colombia acted as advisor to the seller in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

 Juan Pablo  Bayter

Juan Pablo Bayter

Partner
Bogotá, Colombia
Oaklins Axia
 Carlos  Barona

Carlos Barona

Partner
Bogotá, Colombia
Oaklins Axia
 Diego  Nuñez

Diego Nuñez

Associate Director
Bogotá, Colombia
Oaklins Axia

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