Construction & Real Estate
From The Report: Colombia 2019
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As the economy made a recovery in late 2018 it is likely that construction will soon follow suit, with initial estimates for the first quarter of 2019 already showing signs of improvement. Social housing and infrastructure will likely receive the most attention from investors, with both segments addressing crucial deficits in the country. Likewise, the advent of new vehicles to channel private sector funding is expected to continue driving the sector’s growth. Moreover, changes in retail and office management and rising demand for flexible, bespoke industrial spaces are likely to leverage and sustain new trends in the ways that firms physically conduct their business in Colombia. While cross-segment growth may not accelerate significantly in 2019, developers have demonstrated foresight that should help the supply side adjust to ongoing structural changes in the property market. This chapter contains an interview with Roberto Moreno, President, Amarilo.

Articles from this Chapter

Overview

Social housing and urban infrastructure projects drive recovery,: with increased private sector involvement Building up
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Although it is affected by a slowing economy, the construction sector remains one of the country’s most important industries. The sector posted negative growth in the first quarter of 2019, contracting by 5.6% year-on-year (y-o-y) compared to a decrease of 0.9% in the same period of 2018. Despite government efforts to subsidise low-income housing and invest in health and education facilities, along with private investment in tourism and retail, real estate construction continues to trend…

Interview

Roberto Moreno, President, Amarilo, on utilising social housing: and urban planning to achieve sector growth Up and out
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Interview: Roberto Moreno How is Bogotá responding to the challenges of urbanisation and densification? ROBERTO MORENO: Bogotá is one of the densest cities in the region, and indeed the world. In addition to densification, we are also experiencing a population shift, a growing middle class and new trends in family planning. As a result, we require smaller but more numerous housing options. In this context, an integrated urban planning model, which encompasses residential areas and mass transit…

Overview

Policymakers and private developers are steadily laying the: groundwork for sustainable growth Raising the skyline
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Following a challenging three-year period characterised by an oversupply of new homes and a growing housing deficit, data from late 2018 and early 2019 indicate the beginning of a revival in the Colombian real estate market. While inventories from the pre-2016 construction boom underscore the old mismatch between developer interests and the needs of businesses and households, suppliers have been flexible of late in adjusting to consumer preferences. Moreover, the new administration of President…

Analysis

Foundational shift: Private equity spending is driving change in retail ownership
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The real estate industry in Colombia and wider South America has undergone substantial change in recent years, driven by an influx of private capital investments from local and international fund managers, sovereign wealth funds and Canadian pension funds. In light of the challenges of navigating Colombia’s property market, most of these investors have taken to partnering with local developers or purchasing equity stakes in existing funds, though a few have taken the risk of making green-field…