Ashmore consolidates entry into Colombian logistics assets market

Cuatrecasas has advised Ashmore on acquiring three logistics assets, along with their respective lease agreements. Two of the assets, wholly owned by Pactia, are built-to-suit distribution centers in Palmira (Cauca Valley), leased to Unilever and Colgate. The third asset, owned 51% by Pactia and 49% by collective real estate investment fund Fondo de Inversión Colectiva Inmobiliario Visum Rentas Inmobiliarias, is a logistics center in Siberia (Cundinamarca).

This is strategic transaction is Ashmore’s first investment in Colombia’s logistics assets market, positioning the company with a portfolio of over 140,000 m² of leasable area, as an important investor in this sector in the region.

Cuatrecasas is proud to have assisted Ashmore with this transaction that posed many challenges and complexities: asset negotiation with two sellers with different interests; aligning the three cases of financing to acquire the assets with an acquisition structure negotiated with the sellers; and coordinating the different parties, including sellers, banks, trust companies, and even lessees.

We also highlight our collaboration with Davivienda, key player in financing these acquisitions.

The Cuatrecasas advisory team for Ashmore was led by our partners Felipe Mariño (M&A), Natalia Arango (Finance) and Jaime Vargas (Taxation); with the support of our associates Álvaro Rueda and Laura Garay (M&A), and Maria Esther Eljach, Juan Carlos Camacho and Mariana Vanegas (Finance).