Colvalor Propiedades Colombianas / Parque Arauco commercial real estate development

Overview:

• Colombian real estate company Colvalor Propriedades Colombianas and Latin American commercial real estate company Parque Arauco entered a master investment agreement and shareholder agreement for the joint development of a commercial real estate project in Barranquilla, valued at over $33 million.
• The project is a shopping centre located on a main road that connects the northern and southern parts of the city.
• It is in its initial construction stage and is expected to be opened in the first half of 2021.

Chynna Lewis – Researcher