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It was an eclectic week, even by Colombian standards.

The debt financing comes just 1 month after Habi closed a $200 million Series C equity round.

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With several real estate projects expected to open in 2H2020, office rents are down and vacancy up in Colombia's capital city according to brokerage Cushman & Wakefield. Net absorption is negative due to the COVID-19 Pandemic.

Colombia's Vice President Marta Lucía Ramirez vehemently denies a close relationship between her & her husband Álvaro Rincón with alleged drug trafficker and paramilitary Guillermo Acevedo, alias “Memo Fantasma." This article is from Insight Crime.

Bogotá continues to consolidate itself as a leader in the high end office market according to a study performed by global real estate firm Cushman & Wakefield. According to the study, Bogotá comes in second, just after Santiago de Chile, with 167 m2 of class A space per 1,000...

"I see PrimeCap in three years as probably one of the, let's say, top 20 — at least — investment banking companies in Colombia," says Camilo Cordovez Amador.

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

The increase was driven largely by a 5.94% spike in labor costs and 4.38% rise in the cost of materials.

Colombia’s unemployment rate dropped in November to 7.3%, announced Minhacienda, Colombia’s Finance Ministry, along with statistics agency DANE yesterday. The new rate reflects a drop of 0.4 percentage points over the 2014 statistic. The rate in the 13 largest cities was measured...