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Bogotá, despite the country’s economic slowdown, consolidated its position as the country’s largest Class A office space market, according to the MarketBeat study conducted by real estate firm Cushman & Wakefield. Class A offices (which include sub-classes AAA and...

This is now the 14th project to receive funding within the 4G program and the first to close financing since President Iván Duque took office in August.

Parque Arauco’s Colombian operations accounted for 14.2% of its revenues in the second quarter of 2018, according to the firm.

The loan — which is the first issued by Kennedy Funding to close in Colombia — will be used to purchase 17,000 acres of vacant land in the Sucre capital.

"Colombia is a key part of our strategy to invest more across the region,” said Ryan Brennan, vice president of OPIC.

The dollar-based line of credit comes from the Central American Bank for Economic Integration (BCIE).

U.S. engineering firm Modjeski and Masters determined that a support pile that failed because of a design flaw.

This adds to the original loan of nearly $125 million USD (350 billion pesos) that was approved in December 2017.

Mortgages only represent 7% of GDP in Colombia, a lower rate than in many other Latin American countries.

The investment builds upon a pre-existing partnership with IDB and will target infrastructure financing.